A former British tax official, Dave Hartnett, has told a committee investigating tax evasion in the U.K. that he’s surprised that more HSBC clients haven’t been prosecuted for tax evasion.
Hartnett stated: “I’d like to understand why there weren’t more criminal prosecutions. I’d always expected there to be more. I’d have liked to understand what would have happened if more resources were diverted to [investigating the leaked details].”
It sounds a lot like the same problems we have here in the United States: big banking crimes with zero punishment. So how do these banking hustlers become so untouchable?
Support Ring of Fire by subscribing to our YouTube channel.
Listen to Ring of Fire on Saturdays from 3pm-6pm Eastern! Listen live via the Progressive Voices Channel on TuneIn.
Watch Ring of Fire every Sunday at 12pm Eastern/9am Pacific on Free Speech TV!