{"id":5740,"date":"2015-02-16T00:00:00","date_gmt":"2015-02-16T06:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2015\/02\/new_tax_evasion_aiding_details"},"modified":"2022-05-06T12:14:23","modified_gmt":"2022-05-06T17:14:23","slug":"new-tax-evasion-aiding-details","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/new-tax-evasion-aiding-details\/","title":{"rendered":"New Details Accusing HSBC of Aiding Tax Evaders Emerge"},"content":{"rendered":"\n

New information regarding HSBC Holdings PLC\u2019s (HSBC) history of aiding tax evaders has been released by ex-employee Herv\u00e9 Falciani to a number of media outlet, as well as the International Consortium of Investigative Journalists. The data alleges that the bank kept secret accounts for a number of wealthy, celebrity, and\/or unsavory individuals, including \u201cdictators and arms dealers,\u201d as well as clients that are on U.S. sanctions lists. HSBC also purportedly would advise clients on how to get around paying taxes in their home countries. <\/p>\n

Falciani, an HSBC computer analyst who calls himself a whistleblower, has provided what the BBC is calling the largest data leak in the history of banking. He started sending information out in 2008, copying files onto personal storage devices. The information was sent to French Finance Minister Christine Lagarde, who now runs the International Monetary Fund. She notified other governments.<\/p>\n

Falciani claims that in 2006,he notified his superiors at HSBC that there were flaws in data storage that could hurt client confidentiality. He said that no one paid attention. Bank officials, however, counter that Falciani issued no such warnings.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

New information regarding HSBC Holdings PLC\u2019s (HSBC) history of aiding tax evaders has been released by ex-employee Herv\u00e9 Falciani to a number of media outlet, as well as the International Consortium of Investigative Journalists. The data alleges that the bank kept secret accounts for a number of wealthy, celebrity, and\/or unsavory individuals, including \u201cdictators and […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3752],"tags":[2817],"class_list":["post-5740","post","type-post","status-publish","format-standard","hentry","category-financial-firms","tag-hsbc"],"yoast_head":"\nNew Details Accusing HSBC of Aiding Tax Evaders Emerge — Investor Lawyers Blog — February 16, 2015<\/title>\n<meta name=\"description\" content=\"New information regarding HSBC Holdings PLC\u2019s (HSBC) history of aiding tax evaders has been released by ex-employee Herv\u00e9 Falciani to a number of media — February 16, 2015\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/new-tax-evasion-aiding-details\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"New Details Accusing HSBC of Aiding Tax Evaders Emerge — Investor Lawyers Blog — February 16, 2015\" \/>\n<meta name=\"twitter:description\" content=\"New information regarding HSBC Holdings PLC\u2019s (HSBC) history of aiding tax evaders has been released by ex-employee Herv\u00e9 Falciani to a number of media — February 16, 2015\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards & Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"New Details Accusing HSBC of Aiding Tax Evaders Emerge — Investor Lawyers Blog — February 16, 2015","description":"New information regarding HSBC Holdings PLC\u2019s (HSBC) history of aiding tax evaders has been released by ex-employee Herv\u00e9 Falciani to a number of media — February 16, 2015","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/new-tax-evasion-aiding-details\/","twitter_card":"summary_large_image","twitter_title":"New Details Accusing HSBC of Aiding Tax Evaders Emerge — Investor Lawyers Blog — February 16, 2015","twitter_description":"New information regarding HSBC Holdings PLC\u2019s (HSBC) history of aiding tax evaders has been released by ex-employee Herv\u00e9 Falciani to a number of media — February 16, 2015","twitter_misc":{"Written by":"Shepherd Smith Edwards & Kantas, LLP","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/new-tax-evasion-aiding-details\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/new-tax-evasion-aiding-details\/"},"author":{"name":"Shepherd Smith Edwards & Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"New Details Accusing HSBC of Aiding Tax Evaders Emerge","datePublished":"2015-02-16T06:00:00+00:00","dateModified":"2022-05-06T17:14:23+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/new-tax-evasion-aiding-details\/"},"wordCount":440,"keywords":["HSBC"],"articleSection":["Financial Firms"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/new-tax-evasion-aiding-details\/","url":"https:\/\/www.investorlawyers.com\/blog\/new-tax-evasion-aiding-details\/","name":"New Details Accusing HSBC of Aiding Tax Evaders Emerge — Investor Lawyers Blog — February 16, 2015","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2015-02-16T06:00:00+00:00","dateModified":"2022-05-06T17:14:23+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"New information regarding HSBC Holdings PLC\u2019s (HSBC) history of aiding tax evaders has been released by ex-employee Herv\u00e9 Falciani to a number of media — February 16, 2015","breadcrumb":{"@id":"https:\/\/www.investorlawyers.com\/blog\/new-tax-evasion-aiding-details\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investorlawyers.com\/blog\/new-tax-evasion-aiding-details\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.investorlawyers.com\/blog\/new-tax-evasion-aiding-details\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.investorlawyers.com\/blog\/"},{"@type":"ListItem","position":2,"name":"New Details Accusing HSBC of Aiding Tax Evaders Emerge"}]},{"@type":"WebSite","@id":"https:\/\/www.investorlawyers.com\/blog\/#website","url":"https:\/\/www.investorlawyers.com\/blog\/","name":"Investor Lawyers Blog","description":"Published By Investment Fraud Attorneys \u2014 Shepherd Smith Edwards & Kantas, LLP","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.investorlawyers.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431","name":"Shepherd Smith Edwards & Kantas, LLP","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","caption":"Shepherd Smith Edwards & Kantas, LLP"},"sameAs":["https:\/\/www.investorlawyers.com\/"]}]}},"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pedX9K-1uA","_links":{"self":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/5740","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/comments?post=5740"}],"version-history":[{"count":2,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/5740\/revisions"}],"predecessor-version":[{"id":27578,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/5740\/revisions\/27578"}],"wp:attachment":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/media?parent=5740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/categories?post=5740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/tags?post=5740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}