Ultimately, the U.S. Congress confirmed that the bank had “exposed the U.S. financial system to a wide array of money laundering, drug trafficking, and terrorist financing risks.” In late 2012, in part as a result of Stern’s efforts, HSBC agreed to pay a record $1.9 billion in fines to U.S. authorities. Stern’s passion for fighting threats to the United States did not end with his tenure at HSBC. In recent years, he has run for U.S. Senate in Pennsylvania and founded Tactical Rabbit, carrying out sophisticated private intelligence operations on behalf of clients. Stern also founded Rabbit Capital Management, a hedge fund, which is dedicated to uncovering fraud and money laundering activity that feeds the financial needs of terrorist organizations and drug cartels. He has been featured in dozens of news articles and broadcasts, and appeared in a Netflix documentary, “Dirty Money,” on Wall Street and corporate greed.
Stern was born in New York City. He is a graduate of Florida Atlantic University and earned his MBA from Stetson University in 2010. For more information, please visit TacticalRabbit.com or RabbitCapitalManagement.com.