Billionaire Tax Felon Says UBS Lied in Pledge to Report to IRS

Bloomberg by David Voreacos | Aug. 10, 2009 (News Report)

With evidence from the Olenicoff case and cooperation from Birkenfeld, U.S. prosecutors have been able to penetrate the veil of financial invisibility that Switzerland guards as a national treasure.

To avoid immediate prosecution, UBS, Switzerland’s second- largest bank by stock market value, behind Credit Suisse Group AG, agreed on Feb. 18 to pay the U.S. $780 million.

It renewed a pledge to stop unlicensed recruiting of customers in ... Full Story »

Posted by Dwight Rousu

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Subjects: U.S., Business
Topics: Law Enforcement, Taxes
Member Tags: banking, white collar crime, Crimes of the Super Rich, International Corporations, international crime
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Posted by: Posted by Dwight Rousu - Aug 10, 2009 - 9:27 PM PDT
Reviewed by: Dwight Rousu (review), Tanya J. Maurer (review)
Content Type: Article
Edit Lock: This story can be edited
Edited by: Dwight Rousu - Aug 10, 2009 - 9:27 PM PDT

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Dwight Rousu
4.6
 by Dwight Rousu - Aug. 10, 2009

The law enforcement story reveals criminal conspiracy by a large international bank to solicit the very very rich in America to avoid taxes in violation of IRS regulations.

International corporations with enormous wealth help criminal endeavors of very wealthy sociopathic Americans. Great disparity of wealth, and corporation wealthier than nation states are a primary social problem for democracy.

Dwight posted this story.
See Full Review » (13 answers)
Tanya J. Maurer
4.4
 by Tanya J. Maurer - Aug. 11, 2009
See Full Review » (11 answers)

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