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2016-03-13T00:00:00.000Z

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Background Information

Employment History

Reuters Limited

Ian Fraser

Computer Systems Engineer At Swiss Private Banking Unit

HSBC plc

Head

HM Revenue & Customs

Education

degree
computer programming

Web References (200 Total References)


e-flux

www.e-flux.com [cached]

When word got out that Hervé Falciani, a dapper systems engineer at HSBC's hushed private bank in Geneva, had lifted the identities and details of 130,000 account holders in 2008, the Swiss government was put in the unfortunate position of having to ask its neighbors to extradite this thief or... continue reading


However, the man who released the ...

www.dopplr.com [cached]

However, the man who released the information, a former HSBC systems engineer named Hervé Falciani is still going through trial.

...
The aforementioned Hervé Falciani has been on trial for a long time, and it's because HSBC is accusing him of taking the information and selling it to the highest bidder. Falciani has of course denied these claims, and is now living in France, as he is a natural citizen of the country and so does not have fear of extradition. Unlike the situations with Falciani and Snowden, however, the Panamanian law firm has stated that it was not an inside source who leaked this information to the press.


HSBC Bank. The world's Most Scandalous Bank? | Forex Awards

www.forex-awards.com [cached]

His real name is Hervé Falciani, who worked as a systems engineer at the Geneva-based private banking unit of HSBC (HBC).

The bank would later discover, to their horror that he had in fact carried out one of the biggest security breaches in Swiss banking history, obtaining details on the accounts of some 24,000 HSBC private-banking clients.
The account data later was passed along to tax authorities in European countries-including France, Spain, and the U.K.-who have used it to collect more than €1 billion ($1.34 billion) in back taxes. Falciani says the data has also provided leads for ongoing investigations of corruption, money laundering, and terrorist financing. The Geneva bank provided an "open door" for such illicit activity, Falciani told a Spanish court earlier this year.
Towards the end of 2008 he slipped out Geneva and has been skipping from one European country to the next, ever since: constantly staying just one step ahead of the Swiss prosecutors, who have accused him of massive data theft - a charge which could earn him up to three years in prison, should the Swiss authorities manage to capture him.
He initially went to Spain, where the Spanish authorities refused to cooperate with the Swiss prosecutors - refusing their requests for extradition. In fact he was praised, by a Spanish prosecutor as a whistleblower. He later moved to France, last summer in 2014, where he has testified (behind closed doors) to various French parliamentary committees.
...
Falciani, who has dual French and Italian citizenship, joined HSBC in 2000 in Monaco as a computer specialist. After being transferred to Geneva to work on a document-management system, he says, he discovered that clients' account information was not being adequately safeguarded. He says he alerted his superiors, but they ignored him. "The bank was working mainly to protect its own profitability," he says.
...
"We do not have any record or knowledge of any previous attempts made by Falciani to alert his line manager or the bank's management," says David Bruegger, a bank spokesman in Zurich.
...
Falciani says that his job did not give him access to client accounts, but that other employees shared his concerns and began leaking account data to him in 2006. HSBC, however, states that its internal investigation showed that Falciani alone took the information.
Falciani says he tried to pass the data to Swiss law-enforcement authorities to demonstrate the weakness of HSBC's control systems, but was thwarted because they refused to protect his anonymity. He then contacted intelligence services in several other countries, he says, because he "had started having doubts about Swiss justice."
Falciani's Mossad Meeting?
In a claim, which has never been substantiated - one evening in the summer of 2007, Falciani says, he was out walking along a street, in Geneva, when some men jumped out of a van and forced him to get in, and took him to the basement of a deserted building.
He says that they told him they were Mossad agents and were asking him for his help in ensuring that HSBC would not "continue its practices. The men didn't say specifically what they were concerned about, but Falciani says he later suspected they were worried about hidden sources of terrorist money. Falciani says he agreed to help, although he says he had no way to verify whether the men actually worked for Mossad.
So, what about that trip to Lebanon?
Bloomberg Business's article goes on to state that, according to Falciani, it was the Mossad agents who proposed the Beirut trip.


'Rotten Core of Banking' Exposed: Global Outrage Follows HSBC Revelations

citizenmodern.org [cached]

Documents leaked by whistleblower Hervé Falciani, who worked for HSBC, show how a Swiss division of the U.K.-headquartered bank routinely allowed clients to withdraw bricks of cash, often in foreign currencies of little use in Switzerland; aggressively marketed schemes likely to enable wealthy clients to avoid European and U.S. taxes; colluded with some clients to conceal undeclared "black" accounts from their domestic tax authorities; and provided accounts to international criminals, corrupt businessmen, and other high-risk individuals.


While Wikileakers such as Chelsea Manning ...

www.essentialgeneva.com [cached]

While Wikileakers such as Chelsea Manning and Julian Assange have paid with serious loss of liberty for following their idea of justice, the financial fraud whistle-blowers such as Hervé Falciani (HSBC) and Bradley Birkenfeld (UBS) have made money from their acts.

...
Angelo Mincuzzi, the Italian journalist who helped Falciani write a book on his experience, observed that Birkenfeld's reward was less than 4 percent of what U.S. authorities recovered as a result of his revelations ($780 millions).

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