Corruption Within the Banking System
“Everyone in my generation and our children’s generation deserves a fair chance to reach transparent financial success. For us to accomplish that, we need to crush these corrupt and powerful organizations. That is what my lawsuit is about.”
Victor Carlström exposes heavy corruption, bribery, and crimes by Sweden’s biggest financial companies and the government bodies meant to oversee them.
BuzzFeed and the International Consortium of Investigative Journalists are reporting that secret U.S. documents reveal that JPMorgan Chase, HSBC and other big banks have defied money laundering crackdowns by moving staggering sums of illicit cash for shadowy characters and criminal networks that have spread chaos and undermined democracy around the world.
Their records show that five global banks — JPMorgan, HSBC, Standard Chartered Bank, Deutsche Bank and Bank of New York Mellon — kept profiting from powerful and dangerous players even after U.S. authorities fined these financial institutions for earlier failures to stem flows of dirty money.
One man who has blown the whistle on fraud, corruption, and money laundering in Sweden was forced to flee to the U.S., where he’s now seeking asylum and even changed his name. Victor Carlström (now Victor X) is a leading global financial broker who’s now on the run in the United States. Victor recently filed an 88-page amended complaint in his $4.2 billion lawsuit that alleges myriad illegal activities of leading Swedish firms Folksam and Swedbank, their executives, and two Swedish government agencies – equivalent to the IRS and SEC in the United States – to execute a complex money laundering scheme.
Since discovering widespread corruption, money laundering, bribery and other crimes in the Swedish financial system and government, Victor has been subject to numerous death threats, mostly deriving from Turkey, and multiple assassination attempts, the lawsuit explains. As a result of the attempts on the lives of him and his family, Victor frequently changes location while the asylum application is being processed and considered.