RE: LeoThread 2026-03-16 20-42
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A reporter at a major national newspaper did more than cover what happened to the bank — the reporter aided corrupt government officials in selling a false narrative to the public.
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The reporter knowingly wrote about a confidential grand jury investigation that had been illegally leaked.
No ethical journalist should have touched that story; grand jury secrecy exists to protect innocent people from this exact kind of smear, yet the reporter prioritized a sensational angle over basic journalistic ethics.
The reporting went beyond reliance on improperly leaked material and distorted the facts to make the bank appear guilty.
Exculpatory evidence from customers and employees demonstrating robust AML and KYC procedures was ignored, while selected details were cherry-picked and mischaracterized to create the opposite impression.
For example, to support the allegation that
the reporter named a single individual, Francesco Tacchini. In fact, Tacchini described the account-opening process as rigorous, intrusive, and more demanding than what he experienced at U.K.
banks — a video of his account is linked elsewhere. The reporter misrepresented that testimony to back a sweeping and misleading conclusion.
The reporter also repeated a claim from a 60 Minutes broadcast that a former employee supposedly said Euro Pacific
but discovery in a successful defamation action against the broadcast’s producers failed to produce evidence that any former employee made that statement.
No evidence was offered to substantiate it, yet the claim was still used to portray compliance as lax.
At the press conference announcing the bank’s shutdown, the reporter emphasized the most damaging remarks from officials implying facilitation of tax evasion and money laundering while omitting key exculpatory facts those officials also provided, including that no charges were being filed and no evidence had been found that the bank committed money laundering or related crimes.
That presentation crossed from reporting into advocacy.
The reporter then declined to acknowledge that a defamation lawsuit had been won against the broadcast’s producers, instead framing the outcome as a mere settlement.
In reality, judgment was entered in favor of the plaintiff and indemnity costs were awarded against the respondents, underscoring the seriousness of the defendants’ conduct — not an ordinary settlement but a decisive legal loss.
A free press should hold government accountable, not serve as a conduit for illegal leaks, propaganda, and abuse of power.
This reporting resembled participation in a political and regulatory hit job rather than independent journalism, raising serious questions about the reporter’s ethics, integrity, and credibility.
No reasonable reader should presume this coverage of government allegations is fair, honest, or complete