A recent news story is making the rounds that says a Swiss Financial Advisor who was helping US citizens hide money from the IRS accidentally sent a list of his clients to somebody in the US and, again accidentally, it ended up in the hands of the US Dept of Justice which started prosecuting the 60 people on the list. Those people had concealed over $184 million of wealth from the tax man, and now they're going to pay up.
There is one person who thinks the story is a smoke screen, and I think his version is more probably correct than the official story. The US probably put the squeeze on the Swiss Bankers involved and they coughed up the list of clients, but they needed a cover story to avoid being in violation of Swiss laws, so the list turned up "accidentally".
Beda Singenberger is also charged by US authorities, but for the moment he is basking in Switzerland and not likely to be tried in the US. Singenberger, who lives in Zurich, was charged in New York federal court in July 2011 with conspiracy to cheat the IRS.
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