Who is Hervé Falciani?
A former employee of Swiss bank HSBC (HBC), the 41-year-old Falciani has been compared to NSA leaker Edward Snowden; in 2008 Falciani walked out of the bank’s Geneva offices with five CD-ROMs worth of data containing account details for some 24,000 clients. He eventually turned the information over to authorities and the resulting investigations turned up hundreds of cases of tax evasion across Europe, upending the shadowy Swiss private banking system. Falciani found himself a fugitive from justice in Switzerland for violating that country’s securities laws, and the Monaco native is currently living in France under the protection of the government.
In banking circles, Falciani is generally considered to be one of the most dangerous industry whistleblowers in history. Many bankers were initially worried the data he released in 2008 would spell doom for the Swiss banking system.
“Banks such as HSBC have created a system for making themselves rich at the expense ofRead More »from Meet Hervé Falciani, the Edward Snowden of the Swiss Banking Industry