Watch CBS News

Bank of America May Be Wikileaks' Next Target

WikiLeaks founder Julian Assange has hinted in interviews that Wikileaks' next document dump will involve the U.S. banking industry. AP Photo/Lizzie Robinson, PA

In March, Wikileaks tackled the wars in Iraq and Afghanistan by dumping nearly 500,000 U.S. intelligence documents on the general public, many of which detailed the uglier sides of war. This past week, the Internet organization released about 250,000 diplomatic cables which pulled the curtain back and revealed the frank, often embarrassing assessments of U.S. and international leaders on some of the world's most controversial topics.

The next act for the self-described not-for-profit media organization may be taking on the American banking industry.

In a recent interview with Forbes magazine, the site's founder, Julian Assange, said he will release tens of thousands of documents from a major U.S. financial firm in early 2011. He called the release a comprehensive look at a corporation's bad behavior.

"It will give a true and representative insight into how banks behave at the executive level in a way that will stimulate investigations and reforms, I presume," he told Forbes. "You could call it the ecosystem of corruption, but it's also all the regular decision making that turns a blind eye to and supports unethical practices: the oversight that's not done, the priorities of executives, how they think they're fulfilling their own self-interest."

While Assange did not tell Forbes which bank will be targeted, he did tell Computer World magazine in an October 2009, interview that Wikileaks possesses nearly 5GB of information lifted "from Bank of America, one of the executive's hard drives."

Read: Bank of America Shares Fall on Wikileaks Fears

Assuming he avoids his arrest warrant for rape charges in Sweden, Assange may move away from going after the U.S. government and on to going after more private sector entities. Assange told Forbes has damaging, unpublished material from pharmaceutical companies, finance firms (aside from the upcoming bank release), and energy companies, just to name a few industries.

More on the Wikileaks Diplomatic Cables:

Wikileaks Sends U.S. Scrambling Over Security
Leaked Cables Reveal Locations of European Nukes
Hoekstra on WikiLeaks: "A Number of Time Bombs"
Outrage Over Wikileaks
The WikiLeaks Impact
WikiLeaks Releases State Dept. Documents
Key GOP Pol: WikiLeaks a Terrorist Group
Ahmadinejad Dismisses WikiLeaks Cable "Mischief"
U.S. Cables: Iran Armed Hezbollah Via Ambulances
Hoekstra: World's Trust in U.S. Now at Risk
U.S. Encouraged Diplomats to Spy, Leaks Show
Leaked Cables Shine Light on Iran Nuclear Threat
Worldwatch: Embarrassing Revelations Abound
Worldwatch: Diplomatic Shockers
White House Condemns WikiLeaks' Document Release
WikiLeaks Defies U.S., Releases Embassy Cables

Links to Leaked Cables:

States' Secrets (NYT)
The US Embassy Cables, Live Updates (Guardian)
How America Views the Germans (Spiegel, in English)
Los papeles del Departamento de Estado (El Pais)
WikiLeaks : le "dernier degrade d'irresponsabilite" selon Sarkozy (Le Monde)
View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.