HSBC Fired Veep For Whistleblowing, Suit Says

Law360, New York (December 12, 2012, 6:43 PM EST) -- A former HSBC Bank USA NA vice president filed a suit in New York federal court Tuesday alleging the bank wrongfully terminated him in retaliation for reporting suspected fraudulent accounts used for money laundering.

John Cruz, who also served as a senior business relations manager, says he began work at the bank in 2008 and managed a large portfolio of clients in the Long Island, N.Y., area. Cruz started reporting suspicious transactions in July 2009, and was ignored or coerced by supervisors when he attempted to...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.