HSBC terminates Gaza-linked Islamic charity’s bank account and others ...Nicholas Wilson, a HSBC whistleblower and UK-based financial activist, argues HSBC is operating with a pro-Israel bias in an effort to protect its financial interests. “HSBC has a bank in Tel Aviv and have held a licence there since 2001. They claim on their website to be the only foreign bank in Israel offering private banking. It could therefore be possible that they consider being seen to bank for pro-Palestinian organisations puts them in conflict with their ambitions in Israel”. The British wistleblower - who is currently preparing a private prosecution against HSBC for its alleged role in widespread fraud - suggests the bank's decision to terminate these bank accounts may also have been influenced by the British government. “The ex-head of MI5, Sir Jonathan Evans, is a non-executive director at HSBC on a salary of £150k per annum”, Wilson said. Evans' appointment was a "thank you for helping to protect Stephen Green from prosecution in the US over the Mexican drugs and sanction busting", he continued. "The bank claims it’s useful to have someone with his intelligence and experience to protect them from risk but he’s obviously an establishment figure, with likely pro-Israeli views”, he added.... http://rt.com/uk/176652-gaza-hsbc-charity-scandal/ Investigative reports: HSBC Whistleblower Nicholas Wilson's first broadcast interview after his eight year campaign for justice. Interview with Nicholas Wilson, an HSBC whistleblower in 2006. Weightmans Solicitors; John Lewis Partnership, Dixons, PC World, and other well-known high street names; HFC Bank (Household Finance Corporation), owned by HSBC, - estimated £1bn unlawful charges (under Consumer Credit Agreements) added to peoples debt repayments; solicitor Duncan Hamilton - 2003 charges illegal; Douglas Flint - HSBCs current Chairman; Wrestons Solicitors charging up to £5000 for doing nothing; Class Action against HFC by Leigh Day & Co Solicitors was scuppered at the last minute; Solicitors Regulation Authority (SRA); adjudication ignored by HFC; Financial Conduct Authority and Office of Fair Trading. Leaders of two drug cartels arrested in Mexico - brought about by 50 young activists being murdered - US intelligence and drug dealing. http://politicsthisweek.wordpress.com/2014/10/10/35717/ Exposing £1bn fraud by HSBC (HFC Bank) that has been covered up or whitewashed by all the regulators and police involved. I am now preparing for a private prosecution of the bank and solicitors. Please help by donating if you can. I used to be head of debt recovery at Weightmans solicitors and acted for the John Lewis Partnership for 25 years. I now reveal that hundreds of thousands of people have paid, or are still paying “collection charges”, unlawful contingency fees which were added to balances if they defaulted on the following accounts that the bank handled: John Lewis, Dixons, Currys, B&Q;, PC World, Furniture Village; Marbles and GM Card credit cards and loans from HFC Bank and Beneficial Finance. Here is a claim form with my name on. All claim forms carried my name until I was sacked. There is no provision for these charges in the consumer credit agreements – it is basically fraud. Here is simple definition of fraud: The charges were added by Restons solicitors, and Weightmans, who kept the money for their fees, so the bank paid nothing. The charges ranged from about £500 to over £5,000. The solicitors make millions. My boss at Weightmans used to refer to me as Mr Ethical when I constantly reminded him that the charges were illegal. John Lewis had always treated debtors fairly. As soon as the bank took over they started adding illegal charges. The chairman of HSBC at the time, Stephen Green was made a Lord in 2010, one day before the OFT published an order against the bank forbidding them from adding the illegal charges, and is now Trade Minister in David Cameron’s government. In August 2012 I reported HSBC to the Financial Services Authority, the bank’s solicitor, Duncan Hamilton, and the firm of Restons to the Solicitors Regulation Authority. Since my report Hamilton has left HSBC and since March 2013 he works with Restons as a consultant. Despite the OFT order, the Financial Conduct Authority (the supposed regulator of banks) have recently told me that they reason they didn’t investigate my report of fraud was because the bank were entitled to add the charges! I told Duncan Hamilton in 2003 that the charges were unlawful, but the bank and solicitors carried on applying them until ordered to stop by the Office of Fair Trading in 2010. I want to see people held to account for this fraud and for the bank’s customers to be compensated. HSBC bought HFC bank in 2003, but the unlawful charges had been applied by Restons before then and I estimate in total for at least 15 years. http://www.nicholaswilson.com

• published: 10 Oct 2014
• views: 848