Duluth, Minn. - National women's fashion retailer maurices is inviting customers and the community to support the American Cancer Society Hope Lodge® program.

A network of 31 lodges located in 21 states and Puerto Rico, Hope Lodge provides a home away from home by offering free lodging and support to cancer patients receiving treatment far from home, as well as their caregivers.

maurices is proud to offer a fun new way to help raise awareness and funds for the Society's Hope Lodge program.

Now through December 20, customers can personalize and send a free photo postcard with the Ink Cards app to loved ones anywhere in the world. For each one created, maurices will contribute $1 to the Hope Lodge program, up to $50,000. For more information on creating a card today, customers are encouraged to visit mauricesmerry.com.

maurices will also support Hope Lodge through its seventh annual sale of a custom plush, this year named Hope the Hound. Designed exclusively for maurices, Hope the Hound retails for $6, of which a minimum of $3 from each sale will be donated to Hope Lodge. The cuddly plush is available online and at maurices' 840 locations now through January 31, or while supplies last.

Each year, Hope Lodge saves more than 41,000 patients and caregivers a combined $26 million in lodging expenses. The network of lodges has 970 patient rooms, and the average stay is four to six weeks.

Jessica Jeffers benefited from Hope Lodge in 2011 when she relapsed after treatment for Hodgkin's Lymphoma. Jeffers spent 62 days at Hope Lodge in Minneapolis, Minn., while receiving a stem cell transplant.

"Between the staff, volunteers and other patients Hope Lodge gave me such a supportive environment. It was the perfect place for me to process the emotions of my cancer relapse," said Jeffers.

Brad Hartmann, chief creative officer at maurices, said the company is honored to help thousands of other people just like Jessica who have been impacted by cancer. "We're excited to continue adding new and innovative programs while keeping holiday traditions, such as our custom plush, to support free lodging for cancer patients and their caregivers. We are hoping to raise $250,000 to for this great cause."

In November, maurices was awarded the Excellence in Philanthropy Award from the American Cancer Society, which honors corporations that have provided $1 million or more to the Society in the previous calendar year through a combination of corporate contributions, in-kind support, cause marketing, sponsorships and event fundraising.

"We are very grateful maurices has stepped up to support the American Cancer Society Hope Lodge program," said Roshini George, national vice president of health promotions for the American Cancer Society. "Its financial commitment and continued involvement will help contribute to our goal of saving lives from cancer and creating a world with more birthdays."

Follow this link to view and download a high-resolution photo of Hope the Hound and to tweet or share this news.

About maurices
maurices
, a brand of Ascena Retail Group, Inc. (NASDAQ - ASNA), is the leading hometown specialty store and authority for the savvy, fashion-conscious girl with a twenty-something attitude. Today, maurices operates over 833 stores in 46 states and Canada. maurices stands for fashion, quality, value and customer service. Offering sizes 1-24, our styles are inspired by the girl in everyone, in every size. For store information and to shop online, visit maurices.com

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SAN ANTONIO, Texas ? At 10 a.m., CST, on Monday, December 17, 2012, attorneys for The Rutherford Institute will appear before the United States District Court for the Western District of Texas in San Antonio to argue for a preliminary injunction preventing school officials from expelling Andrea Hernandez until the case is decided. Hernandez, a sophomore in a science and engineering magnet school housed in John Jay High School, has refused to wear a school-mandated RFID tracking badge based on her sincere religious objections. The badges, part of the school's "Student Locator Project," include tiny Radio Frequency Identification ("RFID") chips that produce a radio signal, enabling school officials to track students' location on school property. School officials' initial attempt to kick Andrea out of the magnet school was thwarted when the Bexar County District Court granted a 14-day temporary restraining order, enabling Andrea to remain in school. After the case was moved to federal court at the urging of school officials, the Western District of Texas, San Antonio division, extended the TRO by another 14 days. In coming to Andrea's defense, Rutherford attorneys have alleged that the school's attempts to penalize, discriminate and retaliate against Andrea violate her rights under Texas' Religious Freedom Act and the First and Fourteenth Amendments to the U.S. Constitution.

"Oblivious to the impact on students' fundamental rights, school officials have embarked upon a crusade to achieve full student compliance with the profit-driven Student Locator Project by stigmatizing students who disapprove of the program and rewarding students who submit to it," said John W. Whitehead, president of The Rutherford Institute. "Students have actually been offered gifts and pizza parties in exchange for submitting to the program, while students who refuse to wear the SmartID badge are forced to stand in separate lunch lines, denied participation in student government and activities, and prohibited from making certain commercial exchanges at school."

The Northside Independent School District in San Antonio, Texas, has launched a program, the "Student Locator Project," aimed ostensibly at increasing public funding for the district by increasing student attendance rates. As part of the pilot program, roughly 4,200 students at Jay High School and Jones Middle School are being required to wear "SmartID" card badges embedded with an RFID tracking chip which will make it possible for school officials to track students' whereabouts on campus at all times. School officials hope that by expanding the program to the district's 112 schools, they can secure up to $1.7 million in funding from the state government. Fifteen-year-old Andrea Hernandez has been penalized, discriminated against, and retaliated against by school officials for objecting to being forced to participate in the RFID program. For Hernandez, a Christian, the badges pose a significant religious freedom concern in addition to the obvious privacy issues. Andrea's religious objection derives from biblical teachings that equate accepting a personalized code?as a sign of submission to government authority and as a means of obtaining certain privileges from a secular ruling authority?with a form of idolatry or submission to a false god. Hernandez was informed that "there will be consequences for refusal to wear an ID card." For example, students who refuse to take part in the ID program won't be able to access essential services like the cafeteria and library, nor will they be able to purchase tickets to extracurricular activities. According to Hernandez, teachers are even requiring students to wear the IDs to use the bathroom. School officials offered to quietly remove the tracking chip from Andrea's card if the sophomore would agree to wear the new badge without the embedded RFID chip so as to give the appearance of participation in the Student Locator Project. Andrea refused the offer, believing that to wear the "mark" of the program would still compromise her religious beliefs. Affiliate attorney Jerri Lynn Ward is assisting The Rutherford Institute with Andrea's defense

Events Celebrate 2.4 Million Returning Veterans Since 9/11, Boost Efforts to Support Servicemembers Transitioning to Civilian Life

CHICAGO - December 14, 2012. Governor Pat Quinn today joined with Erica Borggren, director of the Illinois Department of Veterans' Affairs, and Illinois servicemembers to celebrate Chicago Welcome Home the Heroes Weekend, which will mark the one-year anniversary of the end of combat operations in Iraq. The two-day event will honor the 2.4 million Veterans who have served in the military since September 11th, 2001 and raise awareness of programs designed to help them successfully transition to civilian life. Governor Quinn has fought to improve life for Illinois Veterans throughout his career with a variety of initiatives.

"These brave men and women have sacrificed greatly to preserve our freedom," Governor Quinn said. "Now that they're back on American soil after honorably serving our country, it's our duty to give them the support they need to successfully transition into civilian life."

The two days of events begin with the Reading of the Fallen Ceremony at 9:11 a.m. in the plaza outside the James R. Thompson Center in Chicago, where volunteers read the names of the more than 6,600 servicemen and women who lost their lives protecting our country in Iraq and Afghanistan. This ceremony is dedicated to Gold Star families who have lost their sons or daughters in combat.

On Saturday, the Chicago Welcomes Home the Heroes parade will honor the entire military community and will be followed by a Veterans Resources Reception at the Chicago Cultural Center.

"This weekend's homecoming celebration and recognition of our fallen is an important thanks to those who have served since 9/11," Director Borggren said. "It is also a reminder and part of Illinois' much broader, everyday commitment to serving those who have served as they transition home and encounter challenges related to Post Traumatic Stress, employment, housing, and education."

As part of this special weekend, Governor Quinn is also reminding Illinois Veterans that a new statewide, public-private partnership has been launched to improve support for servicemembers, Veterans and their families. Illinois Joining Forces seeks to increase collaboration and communication among not-for-profit organizations and public agencies serving Veterans at the local, state and federal levels.

Through IJF, participating organizations work together to address gaps in services in job training and placement, healthcare, education and housing, actively refer Veterans and service members in need of assistance, and offer better navigation of available resources and service to the public. For more information, visit www.IllinoisJoiningForces.org.

Governor Quinn has long made commitment to Veterans' affairs, servicemembers and their families one of his top priorities throughout his career in public service. He has led programs including the Illinois Warrior Assistance Program and the Veterans Cash lottery ticket, which has awarded more than $10 million to non-profit organizations across the state that provide health care and post-traumatic stress disorder treatment, housing assistance, disability benefits and other services to Illinois Veterans.

As Lieutenant Governor, Governor Quinn championed and helped enact the Illinois Military Family Relief Fund Act, which established a fund to provide grants to families of Illinois National Guard members and Illinois residents serving in the U.S. Armed Forces Reserve components who were called to active duty as a result of the September 11, 2001 terrorist attacks. These grants help service members and their families with the costs of food, housing, utilities, medical services and other expenses they struggle to afford because a wage-earner has temporarily left civilian employment to be placed on active military duty.

To learn more about Chicago Welcome Home Heroes and other ways you can support our Veterans, visit www.chicagowelcomeshometheheroes.org and www.OperationHomefront.org.

Vander Veer Botanical Park Conservatory presents it's annual Poinsettia and Light Show! With thousands of poinsettias and many lighted evergreens it's sure to get you in the holiday mood. It's also a great setting for a Christmas family photo too!  While there check out all the new merchandise in our Conservatory store!

Show Dates: December 1st through January 12th

The conservatory is open

Tuesday - Friday:

10am - 4pm

Saturday: 10am -  8pm

Sunday: 10am - 4pm

Admission is only $1,

free for kids 16 and under

Vander Veer Botanical Park 215 W Central Park

(DES MOINES) - Gov. Terry E. Branstad today submitted a letter to Health and Human Services Secretary Kathleen Sebelius to inform the Federal government that Iowa will avoid a costly state-based model and will instead pursue a state-federal partnership to retain autonomy over Iowa's healthcare system and minimize costs. The State will pursue a practical path that prevents Federal intrusion into the State's health insurance and Medicaid operations. The governor's decision comes in response to the December 14 deadline Sec. Sebelius gave states to make a decision. If Iowa did not submit its letter today, the State would have defaulted into a Federal exchange.

Gov. Branstad first stated his guiding principles on health care reform, saying, "Iowans deserve health care reform that improves care, lowers cost and most of all makes people healthier."

The letter is found here and the text is pasted below the release.

In the letter, Branstad outlined the reasons for his decision stating, "...I continue to have concerns that an intrusive Federal exchange would raise costs on individuals and businesses, making it harder for them to create jobs and raise family incomes in Iowa. The State of Iowa intends to minimize the Federal government's intrusion into the regulation of insurance. We will continue to regulate insurance plans in Iowa and retain control over our Medicaid and Children's Health Insurance Plan eligibility.

"If our State loses control of the costs of these programs, other funding priorities like education, public safety and workforce development may be threatened. Maintaining responsibility and operational control will also enable our efforts to modernize health care and to change our payment methods to reward quality and improve Iowans' health instead of procedure volume."

Branstad could choose one of three options: A state-built, state-funded exchange; a state-Federal partnership model; or a full Federal takeover of Iowa's health insurance system.

  • A full State-built, State-financed exchange would cost $16 million annually. Additionally, the Federal government has yet to put forth clear parameters on what would be expected of a state-built, state-financed exchange. For example, Utah already has a state exchange, but it is doubtful regulators will approve it under the Affordable Care Act. Even Massachusetts, whose system was modeled when crafting the Affordable Care Act, is unlikely to meet the requirements put forth by the Federal government without changes to its design. Gov. Branstad believes it would be irresponsible to put the state in this kind of financial and regulatory limbo.
  • A State-Federal partnership will allow the Federal government to pay for initial exchange set-up costs and administer the cumbersome web portal, a federal call center and expensive web interfaces. However, the State would still be able to administer its own health care programs, oversee and regulate the insurance industry in Iowa, and put in place measures that will expand Iowans' ownership of their own health through the Healthiest State Initiative. Gov. Branstad assures Iowans that Iowa will not be forced or bullied into significant costs that sink our budget, and we will continue to maintain the high quality of health care access in Iowa that covers more than 90 percent of our residents.
  • Gov. Branstad believes a full Federal takeover of our insurance, regulatory and health care systems doesn't meet our needs. A quick look at the dysfunction in Washington, DC, underscores concerns of opening the door to the Federal government. Gov. Branstad does not believe it is in Iowans' best interests to have the Federal government interfering in their lives from thousands of miles away.

"Iowa is well positioned to meet the standards outlined by HHS thus far and maintain control of our insurance regulation and Medicaid eligibility responsibilities as allowed under PPACA. Iowa will partner with the Federal government in these areas of a Federal exchange," Branstad concluded.

The text of the letter sent to Sec. Sebelius is as follows:

December 14, 2012

 

The Honorable Kathleen Sebelius

US Department of Health & Human Services (HHS)

200 Independence Avenue Southwest

Washington, DC 20201

 

Dear Secretary Sebelius,

Iowans deserve health care reform that improves care, lowers cost and most of all makes people healthier. These principles guide my actions on health care. Unfortunately, the Patient Protection and Affordable Care Act (PPACA) has not advanced these important principles, which align with the goal I announced last year for Iowa to become the healthiest state in the nation. Our initiative is being led by the private sector, has been endorsed by the public sector and is working to improve the health of our population person by person, community by community.

I have come to realize that a health benefits exchange will not improve the quality of health care, lower the cost of health care or make Iowans healthier. There also remain many questions about intended flexibilities for states and the final regulatory and policy framework in which a state financed exchange would operate. I am not convinced that my State would have the freedom and flexibility needed to design an exchange to meet the health care needs of our people. Additionally, the cost of building and maintaining a state-financed and based exchange, estimated at $15.9 million annually, would not advance the health of Iowans and would not be a prudent option for my State.  Therefore, Iowa will not finance, build and maintain a costly state-based health benefits exchange.

That said, I continue to have concerns that an intrusive Federal exchange would raise costs on individuals and businesses, making it harder for them to create jobs and raise family incomes in Iowa. The State of Iowa intends to minimize the Federal government's intrusion into the regulation of insurance. We will continue to regulate insurance plans in Iowa and retain control over our Medicaid and Children's Health Insurance Plan eligibility. Iowa control of these programs is critical to health care for Iowans, stability for job creators and the fiscal bottom line for our State. If our state loses control of the costs of these programs, other funding priorities like education, public safety and workforce development may be threatened. Maintaining responsibility and operational control will also enable our efforts to modernize health care and to change our payment methods to reward quality and improve Iowans' health instead of procedure volume.

Since the HHS has extended deadlines and continues to issue draft rules and provide further information and guidance to states, Iowa reserves our right to amend our intentions. We also have the clear expectation that our State's rights will be respected and our operational and regulatory control will not be superseded by the Federal government.  Iowa is well positioned to meet the standards outlined by HHS thus far and maintain control of our insurance regulation and Medicaid eligibility responsibilities as allowed under PPACA. Iowa will partner with the Federal government in these areas of a Federal exchange. I hope that you will continue to work with States building all types of exchanges to provide the maximum amount of information needed to fulfill our responsibilities in improving the health of our citizens and implementing health benefits exchanges.

 

Sincerely,

 

 

 

Terry E. Branstad

Governor

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OMAHA, Nebraska - (December 14, 2012) - Farm Credit Services of America (FCSAmerica) is hosting 17 GrowingOn meetings in January.  The purpose is to share information and insights to help producers plan and reduce risk in 2013.

The program will be presented by Steven Johnson, farm management specialist with Iowa State University Extension and Outreach. He will review 2013 planted acres, price and expense outlooks, which will be affected by more than supply and demand fundamentals.

"Even though many producers had disappointing yields because of the drought, we're still experiencing the best of times in row crop farming," said Johnson. "Demand remains strong; and with limited supplies, crop prices will be high in 2013. How high prices rise will largely be influenced by weather in addition to the U.S., Europe and China economies. Input costs for 2013 will be up slightly. Some input cost increases may affect margins for 2013 and 2014. And with the proposed new farm program, crop insurance decisions will be more important than ever."

"Crop insurance ensured many producers will be back in the field next year," said Christa Wilson, vice president-insurance for Farm Credit Services of America in Iowa. "Some producers also learned a painful lesson about crop insurance in 2012. Some didn't know what kind of coverage they had until they had to use their policy. Luckily, 90% of the corn acres in Iowa, Nebraska and South Dakota were insured at 70% yield levels or greater." At GrowingOn, FCSAmerica crop insurance specialists will share the lessons learned in 2012 - what farmers should revisit in 2013 and what new changes will occur that will factor into producers' crop insurance decisions. "Along with product and coverage level decisions, careful consideration should be given to the agent a producer works with in 2013," Wilson advised. "As a financial institution that offers crop insurance, Farm Credit Services of America has an incentive to sell the right insurance coverage.  And since our crop insurance specialists are not commission-based, the options we present each of our customers are based on what's right for them and no one else."

This two and one-half hour program will be held in Newton, Marshalltown, Perry, Eddyville, Mount Pleasant, Davenport, Cedar Rapids, Manchester, Festina, Lenox, Harlan, Storm Lake, Webster City, Carroll, Cedar Falls and Mason City, IA and in Sioux City, NE. Specific time and location information can be found at cropinsurancespecialists.com, by calling the local FCSAmerica office or by calling 1-800-884-FARM. Pre-registration is required.

Farm Credit Services of America is proud to finance the growth of rural America, including the special needs of young and beginning producers. With assets of more than $18 billion, FCSAmerica is one of the region's leading providers of credit and insurance services to farmers, ranchers, agribusiness and rural residents in Iowa, Nebraska, South Dakota and Wyoming. Learn more at fcsamerica.com.

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PORT BYRON, IL - The Nick Teddy Foundation is thrilled to announce it has been chosen as a recipient of a grant from TransCanada in the amount of $1,000.00.

"We are proud to be part of the energy and enthusiasm surrounding this community initiative," said Doug Larson of TransCanada.

Regional Safety Specialist Dustin Enright with Executive Director of Nick Teddy Foundation

"I continue to be overwhelmed by the support and generosity of others," said Executive Director of the Nick Teddy Foundation Holly Larson. "It's great for TransCanada to get on board to help us make a difference in the lives of those affected by Ewing's Sarcoma."

The grant will assist the Nick Teddy Foundation in providing funds for the Liddy Shriver Sarcoma Initiative. The Liddy Shriver Sarcoma Initiative works to award sarcoma research grants to expert investigators around the world.

The Nick Teddy Foundation was established in 2012 in memory of Nicholas Theodore Strub, 29, who fought a courageous battle against the rare cancer, Ewing's Sarcoma.

Additional photos and interviews are available upon request You can find us online at: http://www.NickTeddy.org, on Facebook (http://www.facebook.com/NickTeddyOrg) and on Twitter (http://www.twitter.com/NickTeddyOrg).

Contact: Holly Larson, Nick Teddy Foundation
309-798-3081 / foundation@nickteddy.org
Doug Larson, TransCanada
605-226-2259
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by Jerome R. Corsi, a Harvard Ph.D., is a WND senior staff reporter. He has authored many books, including No. 1 N.Y. Times best-sellers "The Obama Nation" and "Unfit for Command." Corsi's latest book is "Where's the REAL Birth Certificate?"

NEW YORK - In the wake of the $1.92 billion settlement HSBC reached with the Justice Department, banking experts and customers in India and London have joined U.S. whistleblower John Cruz in demanding criminal prosecution of top HSBC officers and directors globally.

Evidence suggests HSBC has pursued a policy of exploiting and defrauding customers in the developing world to supplement illegal profits obtained in the developed world by working money launderers, terrorists, organized criminals, corrupt public officials and others, as charged by the Senate Permanent Subcommittee on Investigations in a staff report issued at a public hearing July 17.

As WND reported Tuesday, Cruz, who exposed HSBC's money laundering in February in a series of WND stories, called the $1.92 billion fine the U.S. government imposed on HSBC "a joke" and filed a $10 million lawsuit for "retaliation and wrongful termination."

Significantly, the HSBC settlement with the Justice Department announced Tuesday allows all bank officers and directors who may have been aware of or participated in the alleged criminal banking activities to be free of criminal investigation and prosecution in exchange for HSBC agreeing to pay the $1.92 billion fine.

Whistleblowers in India and London are joining Cruz in charging the HSBC settlement amounts to a massive "cover up." Avoiding criminal investigation and prosecution, they say, allows not only HSBC bank officers and directors to avoid further public scrutiny but also any government officials who may have turned a blind eye to HSBC improprieties.

Cruz has insisted to WND that it is impossible to believe HSBC laundered billions of dollars in Mexican drug cartel money, worked with terrorists through affiliate banking operations in Saudi Arabia and circumvented Obama administration banking sanctions against Iran - all activities specifically charged by the Senate Permanent Subcommittee on Investigations - without the knowledge and perhaps complicity of U.S. government officials in the U.S. Treasury, the Federal Reserve, the CIA and the NSA in an era in which government officials are capable of reading the emails of ordinary citizens.

With the HSBC settlement announced this week, any criminal investigations under way are officially brought to a halt.

In response to WND's reporting earlier this year of Cruz's evidence, HSBC lodged a complaint that blocked Internet access to one of the WND stories, and senior reporter Jerome Corsi was fired by the New York City investment firm he had worked with for two years as a senior managing director, Gilford Securities.

In June, WND reported evidence Eric Holder's Justice Department has not investigated money-laundering charges in deference to bank clients of his Washington-based law firm, where Holder was a partner prior to joining the Obama administration.

WND reported in October HSBC was engaged in a systematic scheme to defraud citizens of India who live abroad out of billion of dollars in investment accounts, according to an Indian source who provided evidence.

'Demon bank'

In emails to WND, Indian journalist Ajit Ujjainkar has charged HSBC with operating as "an illegal and corrupt" bank that he characterizes as "a demon bank."

Writing in the December 2012 issue of gfiles Magazine, published in India, Ujjainkar charged "the reported money-laundering and terror financing operations run by HSBC bank pose a threat to the safety and integrity of not only the banking industry (in India) but to the security of the country itself."

Ujjainkar further alleges that operating in developing countries like India, HSBC has found profits from laundering money can further be supplemented through various banking schemes aimed at defrauding bank retail customers.

Ujjainkar gave as an example the case of a customer named Ravi Shankhar (not the legendary sitar player who died Tuesday).

"HSBC issued Ravi Shankhar a credit card he neither applied for nor received," he explained to WND. "This did not stop HSBC from asking Shankhar to pay fees for the card and, when Shankhar refused to pay, from selling his name to debt collectors who destroyed Shankhar's credit and blocked him from getting a home loan, even though Shankhar objected he knew nothing about the HSBC credit card."

Shankhar, along with hundreds of other HSBC customers, posted on a website in India set up for complaints against HSBC. The customers found that HSBC banking policies in India are made by management in London. But when Indian customers present formal complaints to London, the London management refuses to solve the problem, choosing instead to respond with form letters.

"Someone has applied (for a) credit card in 2007 on behalf of my pan card copy," Shankhar wrote in a May 16 posting on the site. "And HSBC has issued that card. All mandatory personal detail/information (mother's name, address, etc.) are not matched, except my date of birth. This is a really big blunder fault of HSBC Bank LTD. I have never applied this credit card as well as never seen this card and used this card."

Shankhar continued to explain he applied for a home loan and got a call from his banker, who said that a huge sum had been charged against the credit card and a default statement had been published regarding his account on CIBIL, the Credit Information Bureau Limited, based in India.

Shankhar threatened to sue the bank and make his case public with the media if HSBC did not remove the adverse information from the CIBIL website within two days.

Ujjainkar told WND this particular form of credit card fraud is particularly detrimental to customers in India, a country where a blemish on a person's credit history might block him from ever obtaining credit in the future.

"There is a deep malice in the way the bank operates in India," Ujjainkar claimed.

Ujjainkar said the Department of Justice decision not to prosecute HSBC officers and directors sends an unfortunate message to international bankers around the world.

"Shareholders and customers around the world should demand justice instead of being blinded by the dollar sign," he insisted. "All the U.S. settlement with HSBC accomplished is to send a signal to bankers around the world that crime does pay."

WND previously reported on a scheme in which HSBC allegedly defrauded non-resident Indian customers who were asked to sign open-ended powers of attorney giving HSBC officers in India complete discretionary authority to invest the customers' funds in the Indian stock market.

'Where is the justice?'

London-based HSBC shareholder activist Michael Mason-Mahon shares Ujjainkar's frustration after being stymied by HSBC bank officers in London in hundreds of cases, including that of Ravi Shankar. Since early 2010 he has tried to address grievances and banking irregularities claimed by HSBC customers in India.

"I have found that The Hong Kong and Shanghai Banking Corporation Limited in London has been abusing customers by the illegal use of CIBIL, refusing to register complaints, threatening customers and demanding money illegally," Mason-Mahon wrote WND in an email.

He said HSBC "has breached all the rules and regulations of the Reserve Bank of India, the Standard Board of India, as well as the Code of Commitment to Customers."

Mason-Mahon, who has charged that Chairman Douglas Flint and the board of directors of HSBC Holdings PLC in London are "fully aware of the criminal behavior of HSBC in India," is also extremely upset that no criminal prosecutions were pursued by the U.S. Justice Department.

The settlement came after an extensive investigation of HSBC by the Senate Permanent Subcommittee on Investigations.

"Where is the justice in the $1.92 billion fine the U.S. government charged HSBC?" he asked WND. "This is just shareholders' money to a man like Douglas Flint, the chairman of HSBC Holdings in London. Why not suspend the bank's license to operate in the United States for a year or two?"

Mason-Mahon told WND he had supplied attorneys with Democratic Sen. Carl Levin's committee with information about alleged criminal behavior by HSBC in India, although no reference to his allegations can be found in the 334-page staff report issued by the committee at its public hearing July 17.

"Sen. Levin's subcommittee seems completely unaware that HSBC merely factored in to its international business plan the $2 billion fine the U.S. government imposed on the bank," he said. "To HSBC internationally, even a fine of this magnitude was simply considered the cost of doing business when the bank had no intention of complying with rules and regulations."

Negligible fine

Cruz and WND handed over to Department of Homeland Security bank-fraud experts 1,000 pages of customer accounts documenting alleged money laundering activity. Along with the records copied from HSBC computers before he was fired, Cruz made audio recordings of more than a dozen HSBC bank officers admitting their knowledge and participation in the money laundering scheme.

In emails and interviews with WND, Cruz disputes the statement Tuesday made by Sen. Levin that the HSBC settlement "sends a powerful wake-up call to multinational banks about the consequences of disregarding their anti-money laundering obligations."

Cruz told WND that HSBC "reserved $2 billion to pay these fines years ago."

He argued that a fine even of that magnitude was negligible, compared to the profits HSBC made laundering money for drug cartels and terrorist groups and violating U.S. sanctions against doing business with Iran.

Levin's subcommittee has evidence supporting Cruz's claim.

On page 2 of the July 17 report, the Senate Permanent Investigating Subcommittee's staff noted HSBC is "one of the largest financial institutions in the world, with over $2.5 trillion in assets, 89 million customers, 300,000 employees, and 2011 profits of nearly $22 billion."

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