The Man Who Lost Three Hundred Million Pounds Because His Bank Got Suspicious

In September of 2006, Jayesh Shah, a Zimbabwean businessman, instructed HSBC Private Bank to execute a series of financial transfers. The transactions were routine by the standards of international commerce—four separate transfers totaling thirty-eight million pounds. Shah had conducted similar business with the bank before. There was no obvious irregularity, no red flag that would … Continue reading The Man Who Lost Three Hundred Million Pounds Because His Bank Got Suspicious