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Former Greek PM G-Pap's 89 Year Old Mother Said To Have $700 Million In Swiss Bank Account

Tyler Durden's picture


There was a time when Swiss bank secrecy was the passion of every tax-challenged oligarch in the world. Then things changed, Obama made it s badge of honor to rat out anyone you know who has a bank account in Zurich or Geneva, lists of previously ultra-secret account holders started "leaking" and from an asset, Swiss bank accounts promptly became a liability to everyone involved. Such as the matriarch of the legendary Papandreou family, former Pasok Greek PM G-Pap's mother, Margaret, also wife of former PM Andreas, who according to The Telegraph has been revealed as having a €550 million ($700 million) Swiss bank account (she will hardly be happy to learn that Credit Suisse just instituted a negative interest on CHF deposits) in the Geneva branch of HSBC. Obviously lots of hard work by M-Pap went into building up that particular nest egg.

M-Pap has quite an soap opera past of her own:

Margaret Papandreou is the second wife of the late Greek Prime Minister Andreas Papandreou.


Margaret Papandreou was born Margaret Chant, in the US, in 1923 and grew up in Elmhurst Illinois. She met the future Prime Minister in 1948 at the University of Minnesota where he was a professor and she was a 25-year old journalism student. A relationship developed between the two despite the fact that Papandreou was still married to his first wife. Eventually, Margaret also married someone else. That marriage ended in divorce as did Papandreou's first marriage and the two of them were married to each other in 1951. The marriage produced four children.


In 1963, Margaret Papandreou followed Andreas to Greece. Her husband became involved in politics as an MP in the Centre Union, a political party founded by George Papandreou, his father. Margaret Papandreou was accused early in her husband's political career of being Bulgarian, a race not very popular with the average Greek.


In 1967 a military Junta overthrew the democratic government of Greece and established a dictatorship. Andreas and Margaret Papandreou were exiled first to Sweden, then to Canada where they stayed until the restoration of democracy in 1974. At that time, Andreas Papandreou returned to Greece to form his own political party - PASOK - breaking with his late father's former political allies. In 1981, he was elected Prime Minister and Margaret became the first lady of Greece. In that capacity she sought to reform much of the social and political life of the average Greek woman which brought her praise from some quarters and stinging criticism from others.


Margaret Papandreou's days as the first lady of Greece came to an abrupt halt when her husband met Olympic Airlines stewardess, Dimitra Liani in 1989. The aged PM divorced Margaret to make the young stewardess his third wife.

Sarcasm aside, it is apparent first it was years of looting governing by husband Andreas, followed by years of looting governing by son George, that is among the chief reasons why Greece is now in an economic and monetary singularity, with the unemployment rate rising by 1% per month. But at least once the time to follow through on that self-imposed exile by G-Pap and family, he will not be at a loss how to fund his remaining days. What will also not be lost is the irony that after taking power in 2009, his government announced that the country's financial situation was far more dire than originally thought, largely due to tax evasion by Greek citizens. Such as himself it appears. What is the message here is what we have been saying for years: it is not austerity that is the primary cause of misery for the Greeks, although Greek politicians sure enjoy laying the blame for everything on belt-tightening. It is the outright theft and plunder by those who are supposed to be in charge of fixing Greece that is the reason why now Greece, and soon everyone else, has become such an economic basket case.

From the Telegraph:

 Margaret Papandreou, whose son George served as the country's prime minister during the height of the Eurozone crisis, is said to be on the "Lagarde list" of Greek citizens with fortunes hidden in Switzerland.


The list of alleged tax evaders, named after Christine Lagarde, the head International Monetary Fund (IMF), has caused deep resentment as Greece struggles with austerity.


Mrs Papandreou, whose late husband was also a prime minister, denied the allegations reported in two Greek newspapers yesterday.


"Why such lies? Why such attacks? Perhaps because my family never served this country’s interest groups," she said in a statement.

No: they merely served their own selfish interests, at the expense of the general Greek population.

Mr Papandreou, who stood down as prime minister in 2011 but remains a member of parliament, said the stories were "rumours without facts" and were part of a backlash against his anti-corruption battles while in office.


After taking power in 2009, his government announced that the country's financial situation was far more dire than originally thought, largely due to tax evasion by Greek citizens.


Mrs Papandreou's name reportedly surfaced in a report made by police to members of parliament last month.


The "Lagarde list" was provided to Greece by the French government while Mrs Lagarde was still finance minister in Nicolas Sarkozy's government.

Not even the Onion could make up the utterly bizarre tragicomedy that the sinking European continent has become. Sadly, this is merely a blueprint for what is coming everywhere else to the 'developed' (and developing) world.


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Mon, 12/03/2012 - 09:23 | 3029268 doomandbloom
doomandbloom's picture

Stop or my mom will Shoot!

Mon, 12/03/2012 - 09:29 | 3029283 GetZeeGold
GetZeeGold's picture



I wouldn't advise just pisses the zombies off more.

Mon, 12/03/2012 - 09:35 | 3029297 francis_sawyer
francis_sawyer's picture

When you make $88/hr. on the computer good things happen...

Mon, 12/03/2012 - 09:45 | 3029323 a growing concern
a growing concern's picture

If I had $88 for every hour I've spent dicking around on ZH, I could buy Canada.

Mon, 12/03/2012 - 09:52 | 3029346 goldfish1
goldfish1's picture

$700 Million only?

quel surprise

Mon, 12/03/2012 - 09:59 | 3029373 francis_sawyer
francis_sawyer's picture

If you were Obama you could BLAME Canada...

Mon, 12/03/2012 - 11:13 | 3029579 Enslavethechild...
EnslavethechildrenforBen's picture

President Bush stole so much money that he went and bought an entire foreign country

Mon, 12/03/2012 - 11:41 | 3029666 TruthInSunshine
TruthInSunshine's picture

Dee everyone?  See Greeks?

This is what happens when the banksters own your politicians, via their families, bribes, outright graft, blackmail, etc, (i.e. Deep Capture). You'll never be free nor will you ever be free of being abused, raped, pillaged & bocicafubarsnafu'd.

Mon, 12/03/2012 - 11:44 | 3029674 caconhma
caconhma's picture

G-Paps family deserves every penny. They were/are the best friends of the world Zionist Banking Mafia and Israel. So, they were richly rewarded. What are few billion dollars printed for such good friends?

I would not be surprised if the G-Paps family net is well in excess of few billion dollars. Certainly, the bogus Forbes list of billionaires did not mentioned G-Paps or Rothschilds or Rockefellers or Wuborgs, etc, The Forbes list is for “little people”.

Mon, 12/03/2012 - 12:03 | 3029733 gmrpeabody
gmrpeabody's picture

I wouldn't be a bit surprised if 89 year old Mom doesn't even know she has 700 million....

Her good son took over as executor of her finances years ago, you know, paying her bills and making an occasional investment and such. All her needs being delivered in plain paper boxes at her doorstep for her. What a good son...

Mon, 12/03/2012 - 12:59 | 3029953 ACP
ACP's picture

I wonder if she has 7,000 pairs of shoes also?

Mon, 12/03/2012 - 12:59 | 3029951 monoloco
monoloco's picture

If these sorry fucks gave half a shit about their country, they'd return some of the money they stole.

Mon, 12/03/2012 - 10:21 | 3029429 monoloco
monoloco's picture

That's only the money in her Swiss account, I'm sure she's diversified.

Mon, 12/03/2012 - 11:12 | 3029575 BigJim
BigJim's picture

I'm sure she earned every penny. And paid tax on it, too.

Mon, 12/03/2012 - 12:32 | 3029866 LetThemEatRand
LetThemEatRand's picture

Thank goodness for the Productive Class.

Mon, 12/03/2012 - 09:52 | 3029347 knukles
knukles's picture

Gosh mommy!
Where'd you get all that money?
Why, I never....

Mon, 12/03/2012 - 10:36 | 3029475 Sudden Debt
Sudden Debt's picture

removeable dental works... the secret to great blowjobs...

Mon, 12/03/2012 - 11:01 | 3029548 IToldYouSo
IToldYouSo's picture

Sorry, had to down ya, cant get the image out of my head ..............................urrrrrrrrrgh yuck!

Mon, 12/03/2012 - 11:07 | 3029567 Sudden Debt
Sudden Debt's picture

You're not a religious man he?

Just lookup in the Bible why God invented the lightswitch...


Mon, 12/03/2012 - 21:17 | 3031282 knukles
knukles's picture


(sound of switch being thrown but no light shining...)

Mon, 12/03/2012 - 09:47 | 3029329 Looney
Looney's picture

ZIRP... NIRP... It's time to roll out the big bazooka - SRIRP (Square Root Interest Rate Policy)   ;-)


Mon, 12/03/2012 - 09:29 | 3029284 ihedgemyhedges
ihedgemyhedges's picture

Is she single?

Mon, 12/03/2012 - 09:51 | 3029343 Looney
Looney's picture

Yes, she is single with shingles  ;-)

Mon, 12/03/2012 - 09:53 | 3029351 knukles
knukles's picture

She need the roof of her mouth fixed?

Mon, 12/03/2012 - 09:57 | 3029366 GMadScientist
GMadScientist's picture

She will.


Mon, 12/03/2012 - 10:03 | 3029385 knukles
knukles's picture

Squeeze my tube

Mon, 12/03/2012 - 10:57 | 3029533 I am on to you
I am on to you's picture

Oh shes gota be,if one looks like" Reverend Henry Kane"from Poltergeist,you gota ask your self,What did Papa Androido drink, before he got into close encounter with that thing,ill suspect, she was in the botlle,and he forgot to spit it out!!

Ill suspect at blend of the good oll,CFR mixture,vintage 1600 and forgotten,well,of to Montevideo,allo allo!

Mon, 12/03/2012 - 09:30 | 3029285 old naughty
old naughty's picture

Shoot, don't talk.

It's not enough to save the country anyeay.

Mon, 12/03/2012 - 09:37 | 3029304 schatzi
schatzi's picture

I pray for the day we can round these shitbags up. All of them. From Germany to Greece.

Mon, 12/03/2012 - 09:53 | 3029349 gmrpeabody
gmrpeabody's picture

I was wondering who would scream for her head first..., usually somebody that knows the least.

Mon, 12/03/2012 - 09:54 | 3029355 knukles
knukles's picture

Where the fuck do the Yank politicians hide thier oddly acquired funds?

The Fed or a Fed member bank?
Oh, never mind....

Mon, 12/03/2012 - 10:00 | 3029378 gmrpeabody
gmrpeabody's picture

Oddly enough..., they don't even try to hide them. Why..., doesn't everybody make 200k profit from a 2k investment tip every now and then. It's all legal here.

Mon, 12/03/2012 - 10:03 | 3029390 knukles
knukles's picture

(moment of silence as light bulb goes on)


Mon, 12/03/2012 - 10:39 | 3029482 mvsjcl
mvsjcl's picture

At a bank whose head has a secure phone line that runs up through the clouds.

Mon, 12/03/2012 - 09:57 | 3029365 Lebensphilosoph
Lebensphilosoph's picture

I pray for the day I can steal $700 million from you schmucks and get away with it.

Mon, 12/03/2012 - 09:58 | 3029370 GMadScientist
GMadScientist's picture

You may have just determined the primary driver of your failure thus far.

Mon, 12/03/2012 - 10:16 | 3029414 overmedicatedun...
overmedicatedundersexed's picture

thank goodness this wealth could never be obtained by our presidents..bill clinton now net worth over 90 million, obumba buying multi million estate in hawii.. bushs have multiple presidents all with multiple millions.on second thought never mind.

Mon, 12/03/2012 - 11:25 | 3029621 williambanzai7
williambanzai7's picture


Mon, 12/03/2012 - 09:23 | 3029269 spankfish
spankfish's picture

Got Baklava bitchez!

Mon, 12/03/2012 - 10:42 | 3029484 Joe Davola
Joe Davola's picture

I wish, my great aunt would make that when we would gather at their house for New Years Day - mmmm, mmmm, mmmmmmmmmmmmm!

Mon, 12/03/2012 - 09:27 | 3029274 ziggy59
ziggy59's picture

Hmmmm... Maybe its me, but i dont think this woman made her money modeling.

Mon, 12/03/2012 - 09:42 | 3029320 JPM Hater001
JPM Hater001's picture

Modeling schmodeling...this happens all the time.  I found an old passport savings account from when I was a kid.  Interest compounding over the years and it turns out I'm a millionaire...

At her age it is a plausible story you know...

Mon, 12/03/2012 - 09:45 | 3029325 flapdoodle
flapdoodle's picture

Clearly she accumulated $700m by being thrifty with young G-Pap's lunch money...

Mon, 12/03/2012 - 09:59 | 3029372 CH1
CH1's picture

Cattle futures!

Had to be!

Mon, 12/03/2012 - 12:55 | 3029941 ZeroHour
ZeroHour's picture

I'll bet one dollar it was O.J. futures.   Selling 200 April 142's to be specific.

Mon, 12/03/2012 - 10:20 | 3029428 vato poco
vato poco's picture

Aw, you know how moms are: always clipping coupons, shopping only on 'Super Seniors Discount Day!' adds up after awhile.

Mon, 12/03/2012 - 10:32 | 3029467 Lebensphilosoph
Lebensphilosoph's picture

Granny porn?

Mon, 12/03/2012 - 09:27 | 3029275 Cursive
Cursive's picture

This should be interesting. I warming up my popcorn....

Mon, 12/03/2012 - 09:31 | 3029287 FubarNation
FubarNation's picture

And the people will just sit there and take it.  Well they would if it was America. 


Anyone know what time Hill People is on?

Mon, 12/03/2012 - 09:56 | 3029362 knukles
knukles's picture

Aren't they on Recess his week campaigning for contributions?

Oh, you mean those Hill People!

Mon, 12/03/2012 - 09:31 | 3029290 dirtyfiles
dirtyfiles's picture

Margaret Papendreou Frankenstein

Mon, 12/03/2012 - 09:32 | 3029291 lizzy36
lizzy36's picture

Please god, let my mom have a secret swiss account with $700m in it. PLEASE!!!!!!

Mon, 12/03/2012 - 09:37 | 3029302 GetZeeGold
GetZeeGold's picture


.....with sugar on it - The Corzines

Mon, 12/03/2012 - 09:56 | 3029363 GMadScientist
GMadScientist's picture

Meet me half-way, steal the $700M.

Mon, 12/03/2012 - 11:41 | 3029667 resurger
resurger's picture


Mon, 12/03/2012 - 12:16 | 3029787 Itch
Itch's picture

What, like her old tights weren't enough for you? This generation, so ungrateful.

Mon, 12/03/2012 - 09:37 | 3029300 sessinpo
sessinpo's picture

The 1%, in every country, in every economic system. You can buy the stories the politicians and media use to attack the 1%, but somehow they (the 1%) always exist and stay that way. At some point, you'll realize the politicians and media are playing everyone for fools. And the 1% will continue on.

No comment on the thought that this wealthy person has her assets outside of Greece to avoid local political taxation, regulation and corruption? The wealthy are the most upward financially mobile people and move their wealth around to their benefit.

I don't know if the story is true or how she got her wealth. At this point it is mute. The lesson here is whether you follow liberal socialist failed policies (like they are) or come to your senses. Go bankrupt Greece.

Mon, 12/03/2012 - 09:57 | 3029367 knukles
knukles's picture

The Pols and the Media Are the 1%

Mon, 12/03/2012 - 09:36 | 3029301 the not so migh...
the not so mighty maximiza's picture

65 years ago she was a hottie, greeks love their blue eyed red heads....

Mon, 12/03/2012 - 09:38 | 3029306 UGrev
UGrev's picture

@89 years old, why would anyone have more than $699.9 million in the bank. 

Mon, 12/03/2012 - 09:56 | 3029360 GMadScientist
GMadScientist's picture

c) "I was just holding it for a friend."


Mon, 12/03/2012 - 09:50 | 3029307 Mercury
Mercury's picture

Big government, big money. If you want to get rich in a land where the government dominates everything - get real close to the government.

Michelle Obama had a series of pretend jobs on her way to the White House, mostly at a Chicago hospital and in the $300k - $600k range. I bet this old lady's "career" didn't start out too differently. Remember, her money has been compounding for a long while and during a time when we actually had interest rates.

Mon, 12/03/2012 - 10:06 | 3029393 reload
reload's picture

That would not add up to 700Mill would it?

She probably earned the rest fair and square - helping negotiate government contracts for her husband and son.

The 700mill is probably great value for the greeks (sarc off)

Mon, 12/03/2012 - 09:40 | 3029314 PaperBear
PaperBear's picture

Did she lawfully earn every penny of this $700 million ?

Mon, 12/03/2012 - 09:54 | 3029356 Rainman
Rainman's picture

" Half of the Greek non-lawyer parliamentarians are in the Top 3 tax evading industries and nearly a super majority in the Top 4 evading industries ".

Mon, 12/03/2012 - 09:40 | 3029315 dirtyfiles
dirtyfiles's picture

Time for the Tinkoff Bank to become new trend.

Mon, 12/03/2012 - 09:42 | 3029318 PapSmear
PapSmear's picture

Austerity bitchez

Mon, 12/03/2012 - 09:42 | 3029319 Silverhog
Silverhog's picture

Google search of Margaret Papandreou naked does not pull up any images. Wonder why.

Mon, 12/03/2012 - 09:46 | 3029331 a growing concern
a growing concern's picture

That's a dangerous game you're playing...

Mon, 12/03/2012 - 10:01 | 3029376 GetZeeGold
GetZeeGold's picture



This is why I only use Yahoo.


Former Greek PM G-Pap's 89 Year Old Mother Said To Have $700 ... Google search of Margaret Papandreou naked does not pull up any images. Wonder why. Login or register to post comments; Mon, 12/03/2012 - 08:46 | 3029331 a growing concern. - Cached

Mon, 12/03/2012 - 09:54 | 3029357 GMadScientist
GMadScientist's picture

a) Apply goggles.

b) Turn off safe-search. ;)

Mon, 12/03/2012 - 12:49 | 3029917 Essential Nexus
Essential Nexus's picture

No.  You typed it in wrong.  It's "crow with no feathers"

Mon, 12/03/2012 - 09:46 | 3029327 Tabarnaque
Tabarnaque's picture


This is what happens to those who, in the end, turn their back on the banking cartel. They are making an example out of Panpandreou to let all the other puppets of this world know what will happen to them if they turn their back on the cartel. Being swiftly removed wasn’t the end of his disgrace. This is the price Panpandreou will have to pay for having mentioned the word “Referendum” while the fascist banksters are pushing their authoritarian agenda over Europe. This being said, it doesn’t change anything about how corrupt the whole thing really is.



Mon, 12/03/2012 - 09:47 | 3029330 zilverreiger
zilverreiger's picture

peck and feather this old hag

I hear the bad bad germans talk is quieting down bahaha eat crow goat fuckers

Mon, 12/03/2012 - 09:50 | 3029334 Volaille de Bresse
Volaille de Bresse's picture

I would do her... with Viagra and I'd have the lights turned off!

I mean 550 mil... I would get a half... Yum!


Seriously now : I betcha the Euro MSM wil not mention this info right? 

Mon, 12/03/2012 - 09:53 | 3029353 GMadScientist
GMadScientist's picture

Bonus points if you can identify which hole you got.

Mon, 12/03/2012 - 10:00 | 3029377 knukles
knukles's picture





Baggers can't be choosers

Mon, 12/03/2012 - 10:04 | 3029391 GMadScientist
GMadScientist's picture

A pragmatist; you'll go far, kid!

Mon, 12/03/2012 - 10:45 | 3029496 youngman
youngman's picture

At that age you might accidently make a new hole....

Mon, 12/03/2012 - 11:06 | 3029563 BandGap
BandGap's picture

Best one yet.
Be like screwing a mummy.

Mon, 12/03/2012 - 14:03 | 3030143 falak pema
falak pema's picture

well she is swiss like its cheese, if she wants to keep her money.

Mon, 12/03/2012 - 09:48 | 3029335 q99x2
q99x2's picture

Likely target for funding the 10 billion bond purchase.

She resembles Darth Vader's boss.

I recommend arresting her and then to redistribute her stolen wealth to the citizens of Greece.

Mon, 12/03/2012 - 11:05 | 3029559 BandGap
BandGap's picture

She looks like Fire Marshal Bill in drag.

Mon, 12/03/2012 - 09:52 | 3029342 Volaille de Bresse
Volaille de Bresse's picture

Mom "better call Saul!"

Mon, 12/03/2012 - 10:05 | 3029395 GMadScientist
GMadScientist's picture

What's the Greek equivalent of a carwash?

Mon, 12/03/2012 - 09:53 | 3029350 GMadScientist
GMadScientist's picture

That's one hard-working prostitute; and you called the Greek lazy!

Mon, 12/03/2012 - 09:55 | 3029361 ugmug
ugmug's picture

Bank accounts have become the modern day Pyramids and all the politicians have kindly began the process of self-mummification so they can join all their money upon death.

Mon, 12/03/2012 - 09:59 | 3029364 Volaille de Bresse
Volaille de Bresse's picture

"Maggie's days as the first lady of Greece came to an abrupt halt when her husband met Olympic Airlines stewardess, Dimitra Liani in 1989. The aged PM divorced Margaret to make the young stewardess his third wife"


Yeah I remember that broad. The Greek tabloids had pix of her doing "things" to a dog...


Oh Greece!

Mon, 12/03/2012 - 10:02 | 3029380 knukles
knukles's picture

Oh, KY

(jelly, not the state)

Mon, 12/03/2012 - 10:29 | 3029455 Oldrepublic
Oldrepublic's picture

In 1991 Netanyahu married his third wife, Sara Ben-Artzi, a psychology major working as a flight attendant, whom he met while traveling on an El Al flight from New York to Israel.

Mon, 12/03/2012 - 10:01 | 3029382 rwe2late
rwe2late's picture

 Theft, deceit, and secrecy are partners in crime.

Theft from the public is facilitated by secrecy from the public.

 "Private" federal banking, huge armies, and endless wars depend on secrecy, promote ever more secrecy, and hence ever more corruption.

That's why big banks and big military establishments are ALWAYS identified with plutocracy and autocracy.

And that's why they have always been identified as the institutions posing the BIGGEST threat to freedom.

Mon, 12/03/2012 - 10:03 | 3029387 dwayne elizando
dwayne elizando's picture

Looks to me like that family will be heading back to Canada!

Mon, 12/03/2012 - 10:03 | 3029388 dwayne elizando
dwayne elizando's picture

Looks to me like that family will be heading back to Canada!

Mon, 12/03/2012 - 10:05 | 3029396 Debugas
Debugas's picture


Mon, 12/03/2012 - 10:09 | 3029404 Quinvarius
Quinvarius's picture

I am sure she earned that money working nights or something.

Mon, 12/03/2012 - 10:18 | 3029420 The Gooch
The Gooch's picture

Pap smear.

Mon, 12/03/2012 - 10:21 | 3029432 supafuckinmingster
supafuckinmingster's picture

She didn't earn that.....

Mon, 12/03/2012 - 10:24 | 3029438 overmedicatedun...
overmedicatedundersexed's picture

"some people just need killin..." the motto for a new generation coming soon to America.

Tue, 12/04/2012 - 11:35 | 3032462 PrinceDraxx
PrinceDraxx's picture

double post. Site lag

Tue, 12/04/2012 - 11:34 | 3032463 PrinceDraxx
PrinceDraxx's picture

Bullshit, look at her, she earned every penny of it, the old fashioned way...oldest profession in the world.

Mon, 12/03/2012 - 10:23 | 3029436 Stuck on Zero
Stuck on Zero's picture

Obama and the rest of the sociopaths in Washington feel justified in going after people stashing their money in Switzerland.  They keep their billions in the Vatican bank!


Mon, 12/03/2012 - 10:25 | 3029441 Dr. Engali
Dr. Engali's picture

I don't know what is wrong with this world. It's getting so bad that a lifetime public servant can't live out her twilight years with the cash she carefully dollar cost averaged into a portfolio of mutual funds and allowed the earnings to compound over the years without getting a hard time. 

Mon, 12/03/2012 - 10:48 | 3029503 youngman
youngman's picture

It would be very interesting to see the history of the deposits to this account.....they probably time with some big new law or deals in Greece as payoffs...I am sure its not a weekly Christmas club

Mon, 12/03/2012 - 10:26 | 3029444 Wakanda
Wakanda's picture

Loukanikos is hungry, maybe she could help?

Mon, 12/03/2012 - 10:26 | 3029446 forwardho
forwardho's picture

Hey tyler, just got a major hat tip from Beck on last nights "reallity has consequences" post. Not surprising, reading the rather over the top comments that where coming in.

Mon, 12/03/2012 - 10:31 | 3029450 overmedicatedun...
overmedicatedundersexed's picture

from england we have:

  9:32PM GMT 02 Dec

Credit reference agencies will cross-check details of the income people declare on their tax returns against their spending patterns to identify “high” and “medium” risks of both illegal and legal tax avoidance.

People identified to HM Revenue and Customs will then be subject to more detailed investigations. About two million people are expected to be scrutinised under the programme, which may lead to privacy concerns.

HMRC will today unveil the “successful” results of a pilot programme involving about 20,000 people which will now be extended nationally.

Many of those who are expected to be identified are likely to be self-employed workers who have under-declared their income to the authorities.

However, those who have benefited from secret windfalls – such as an inheritance or a bonus – and people with secret offshore accounts could also be highlighted."

I doubt one pol gets on this list.


Tue, 12/04/2012 - 04:29 | 3031802 AE911Truth
AE911Truth's picture

In ref to: "I doubt one pol gets on this list."

The pols will be on the secret list. This info will be used to blackmail them into doing the bidding of their "owners", or else they will be destroyed.  This is how and why the system is completely corrupt.

Mon, 12/03/2012 - 10:26 | 3029447 ItsDanger
ItsDanger's picture

Ok, she took the money.  Given that its in a bank acct, the transactions are on record.  Meaning, the authorities could seize the funds if the source wasnt justified.  If Greek unemployment is so bad, here's a job for someone.  There, i created at least 1 job for their economy.

Tue, 12/04/2012 - 11:31 | 3032458 PrinceDraxx
PrinceDraxx's picture

Its, that is their problem to start with and you want to ad to it? Too many working for the government and you are trying to add another.Do it Obama style, just take 99% of it. She will still have plenty  of money and that will leave a big juicy pie for the politicians to carve up so they can help themselves...wait....I think they are supposed to help their constituents...umm oh forget the constituents lets carve the pie, I need a retirement fund. Don't be hatin'...what would poor people do with money anyway? Just waste it on frivilous items, like food and utilities. Peasants.

Mon, 12/03/2012 - 10:29 | 3029456 LoneStarHog
LoneStarHog's picture

Does Mom know that her son's name (G-Pap) sounds like a gynecological procedure? She should have just named him Sue.

Mon, 12/03/2012 - 10:34 | 3029470 Sudden Debt
Sudden Debt's picture




Mon, 12/03/2012 - 10:49 | 3029477 Samsonov
Samsonov's picture

Andreas G. Papandreou (1919–1996) was a Harvard-trained academic, a Greek economist and socialist politician.  Ivy league--check.  Economist--check.  Academic--check.  Socialist--check.  What's the problem?  He deserved every penny.

Mon, 12/03/2012 - 10:41 | 3029487 yellowsub
yellowsub's picture

Now you know why Greece is broke, that's one hell of a pension.

Mon, 12/03/2012 - 10:45 | 3029498 IamtheREALmario
IamtheREALmario's picture

A. It is all funny money and ultimately the quantity you have is meaningless.

B. Oooooooo ... doesn't she look like the "evil one", all possessed and all ... wonder if she is still fond of that deal she made?!?

Mon, 12/03/2012 - 10:48 | 3029505 buzzsaw99
buzzsaw99's picture


Mon, 12/03/2012 - 10:53 | 3029524 SmoothCoolSmoke
SmoothCoolSmoke's picture

And people wonder how a guy like Karl Marx got rolling.............

Mon, 12/03/2012 - 11:01 | 3029544 Miss Expectations
Miss Expectations's picture

Tip: Dimitra Liani has more than $700 million.

Mon, 12/03/2012 - 14:00 | 3030132 falak pema
falak pema's picture

and the iceberg?

Mon, 12/03/2012 - 11:01 | 3029547 drbill
drbill's picture

It's good to be the king (or king's mom)!

Mon, 12/03/2012 - 11:07 | 3029565 redd_green
redd_green's picture

Re "Obama made it s badge of honor to rat out anyone you know who has a bank account in Zurich or Geneva," what crap.   The  US government started looking for nickels in the street a decade before Obama.   I am NO fan of the Obama admin, but get your facts straight:   those in power, the people that run our government. will do anything to stay in power.  They will turn every human in the USA upside down and shake whatever they can out of our pockets.   Blaming it on the democrats makes it sound like you think you know something that you really don't.   And if you think the president runs the country, then maybe you should start writing for Human Events instead of ZeroHedge.

Mon, 12/03/2012 - 11:07 | 3029566 Vendetta
Vendetta's picture

I'm so sad that swiss banking secrecy has been compromised as if it has made  a difference in the money laundrying schemes ....

Mon, 12/03/2012 - 11:13 | 3029581 constantine
constantine's picture

For the record, Papendreou was reelected and more popular after the affair with the airline stewardess.  I've never understood why voters are so quick to pass off infidelity and downright juvenile behavior (Berlesconi) as irrelevant and separate from their political and professional lives.  Guess what... if somebody is a slimeball in their personal lives, it's a good chance that they're a slimeball in the manner in which they govern.  People generally don't just have an on/off switch where they choose to act like a jackass in one forum but then decide to be honorable in another.  You're either a jackass or not... and this concludes my phd-level psychology dissertaion.

Mon, 12/03/2012 - 11:15 | 3029583 Aurora Ex Machina
Aurora Ex Machina's picture

Partial Scans of HSBC Greek list (You'll note that even Home Depot is wanted).


The interesting part:

Entry 1804: Goldman Company SA.


So... that's got to be a different Goldman, right?


Mon, 12/03/2012 - 11:16 | 3029588 williambanzai7
williambanzai7's picture

Guess how many Congressmen become millionaires after they obtain elected office.

Mon, 12/03/2012 - 12:53 | 3029937 WillyGroper
WillyGroper's picture

I'm just guessin'. Would that be 535?

Tue, 12/04/2012 - 12:39 | 3032665 e-recep
e-recep's picture

democracy and capitalism work wonders..

Mon, 12/03/2012 - 11:26 | 3029626 MountainMan
MountainMan's picture

How can two generations on state salary amass such wealth? The Greeks should hang these bastards!

Mon, 12/03/2012 - 12:39 | 3029888 SmittyinLA
SmittyinLA's picture

Ask Nancy Pelosi or Difi.

Mon, 12/03/2012 - 11:59 | 3029720 robertocarlos
robertocarlos's picture

Looks like she earned it the hard way.

Mon, 12/03/2012 - 12:18 | 3029797 wally_12
wally_12's picture

Will she buy any foreclosed property in the U.S. and become a U.S. citizen?

Mon, 12/03/2012 - 12:37 | 3029880 SmittyinLA
SmittyinLA's picture

Did she officially renounce her US citizenship and get the form?

Because if she didn't she's still subject to US income and estate taxes.


Mon, 12/03/2012 - 12:58 | 3029952 andyupnorth
andyupnorth's picture

"It is not austerity that is the primary cause of misery for the Greeks, although Greek politicians sure enjoy laying the blame for everything on belt-tightening. It is the outright theft and plunder by those who are supposed to be in charge of fixing Greece that is the reason why now Greece, and soon everyone else, has become such an economic basket case."


"Andreas G. Papandreou (1919–1996) was a Harvard-trained academic, a Greek economist and socialist politician.  Ivy league--check.  Economist--check.  Academic--check.  Socialist--check."

 I love Zero Hedge!

Mon, 12/03/2012 - 13:27 | 3030035 ItsDanger
ItsDanger's picture

Still remember my uncle's story of A-Pap crapping his drawers in a big meeting back in the day.

Mon, 12/03/2012 - 14:18 | 3030198 Nussi34
Nussi34's picture

Most likely GPAP Sr. sold lots of donkeys before buying his Mercedes with government money

Mon, 12/03/2012 - 14:36 | 3030248 Joebloinvestor
Joebloinvestor's picture

Costas Vaxevanis deserves a Noble prize.

Tue, 12/04/2012 - 06:45 | 3031851 Martel
Martel's picture

Before seeing her picture, I did not know what a shit-eating grin is,

Tue, 12/04/2012 - 20:17 | 3033980 fiddy pence haf...
fiddy pence haff pound's picture

great. rumour mill. you can't make the Swiss talk.


and G-Pap gets to smile that liar's smile and nobody

can jail him.

Most of that money could have come from the

poison pill derivative that G-Pap extricated from

Hellenic Post Bank and made disappear.

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