U.S. Justice Department

Last week we wrote about how some former HSBC FX traders, led by Mark Johnson, orchestrated a carefully crafted plan to front-run a massive buy order for British Pounds using the code phrase "my watch is off." 

Now, courtesy of court filings in a British case to extradite one of the participants, Stuart Scott, we learn exactly how much each HSBC trader made for his trading book in the illicit scheme that netted a total of $8 million in profits.  Per Bloomberg:

Authored by Mike Krieger via Liberty Blitzkrieg blog,

My current working hypothesis is that the U.S. is a late-stage empire about to enter a more serious and dangerous period of collapse. In case you missed it, I outlined my broad brush view in the very popular recent post, Prepare for Impact – This is the Beginning of the End for U.S. Empire. Here’s a brief excerpt:

A day after the EPA announced their probe of Fiat Chrysler's alleged "cheating" over diesel emissions tests, the company now faces criminal charges as the US department of Justice has joined the probe.

As Bloomberg reports, Fiat Chrysler is now also under investigation by the U.S. Justice Department over its alleged failure to disclose software that violated emissions standards, according to people familiar with the matter, another legal hurdle for a company already under criminal scrutiny for its sales practices.

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