Exclusive | Heiress who sued Barclays, HSBC for alleged money laundering with Ghislaine Maxwell link seeks $15B in damages

Barclays and HSBC have been accused of enabling a late real estate tycoon to siphon cash from trusts intended for his daughter into a massive money-laundering scheme — including deals that were brokered by an entity linked to Ghislaine Maxwell’s family, according to a bombshell court filing.Tanya Dick-Stock and her husband Darrin Stock sued the banks in December, alleging they helped her late father John Dick Sr.turn trusts including one valued at $350 million into a piggy bank to facilitate illicit transactions for a rogue’s gallery that included two siblings of convicted child sex trafficker Ghislaine Maxwell.

In a new filing in Colorado federal court, the couple claims banks neglected their duty to “Know Your Customer,” or KYC, under the anti-fraud and money-laundering regulations that govern financial institutions They also claimed the fraud was larger than previously known, and sought another $3 billion on top of the original $12 billion they sought from the banks, factoring in interest and damages.The “industry-wide money laundering schemes” could not have happened without “global banks willing to accept coded accounts, forgo meaningful and required … obligations, move funds without contemporaneous documentation, and process transactions whose true economic substance was deliberately obscured,” the new filing states.Barclays and HSBC and some of their subsidiaries, plus a trust company called Zedra, allegedly tricked creditors, avoided taxes and hid cash through a since-shuttered offshore trust business called La Hougue, which later morphed into Pantrust.The Stocks, who are repped by former presidential candidate and ex-Sen.John Edwards, previously claimed they found evidence of the fraud in a locked squash court on their former 400-year-old estate on the Isle of Jersey, an offshore tax haven.La Hougue was on a list of 72 people and entities about which the Senate Finance Committee is seeking information in connection with its probe of la...