Too big to jail? Execs avoid laundering charges

Associated Press
Too big to jail? Execs avoid laundering charges

FILE - In this Dec. 11, 2012, file photo, Lanny Breuer, center, Assistant Attorney General of the Justice Department's Criminal Division, addresses a news conference in New York's Brooklyn borough to announce British bank HSBC agreed to pay $1.9 billion to settle a New York based-probe in connection with the laundering of money from narcotics traffickers in Mexico. Among those joining Breuer is Treasury Under Secretary David Cohen, left. When the Justice Department announced its record $1.9 billion settlement against British bank HSBC last week, prosecutors called it a powerful blow to a dysfunctional institution accused of laundering money for Iran, Libya and Mexico's murderous drug cartels. But to some former federal prosecutors, it was only the latest case of the government stopping short of bringing criminal money laundering charges against a big bank or its executives. (AP Photo/Richard Drew, File)

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