Tax Fraud Investigation Opened Into French Minister Tasked With Battling Tax Fraud

Tyler Durden's picture

It is one thing for Pineapple republics like Greece (because only the US has full faith and credit in the "Banana" adjective) to have their former Prime Minister's mom be uncovered with $700 millions in Swiss accounts, or its former finance minister get caught literally whiting out his relatives (and perhaps himself?) from a list exposing tax evaders and offshore bank holders, but when the rulers of that bastion of neo-socialism, where everyone is equal, are shown as having done the same, and ostensibly "laundering tax fraud" and hiding unpaid taxes in some bank vault deep under the Swiss alps, implicitly having been part of that group of much hated "rich people" that the same regime is doing all it can to expel to progressive places such as Russia and Belgium, one can't help but wonder, are some more equal than others?

From Reuters:

The Paris Prosecutor's office said on Tuesday that it was opening a preliminary investigation into French Budget Minister Jerome Cahuzac over allegations that he had an undisclosed bank account in Switzerland.


The prosecutor's office said that given the sensitivity of the allegations, which Cahuzac denies, and the time it would take to investigate them, it had no option but to open an inquiry immediately.


"The Paris prosecutor has as a result decided to open a preliminary investigation for tax fraud," it said in a statement.

For those who are unfamiliar, Jerome Cahuzac is the minister tasked with battling tax fraud!

Next: Jerome Cahuzac resigns in disgust with his government's own policies, hands over his French passport, and gets Russian citizenship?

Because the "unintended consequences" of the second coming of global socialism appear to be just as predictable as those in its first iteration, which incidentally, did not end too well for those subscribing to its policies...

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ar01's picture

Tyler, I think your chosen picture of Jerome was far too kind. The telegraph had it right:

Pladizow's picture

"When it is a question of money, everybody is of the same religion." – Voltaire

HoofHearted's picture

Can we get our own tax cheat, TIMMAY, a Russian passort? Or would he take all the Lucky Charms and his pot of gold with him?

max2205's picture

Our tax cheats can stay here if they sre connected

philipat's picture

Why pick on only Tax cheats? There is equal opportunity fraud exemption from prosecution for the well connected. JC comes to mind?

Pegasus Muse's picture

Old Jerome is kinda cute in a Frenchie Jail Bait kind of way.  He's gonna have lots of friends in prison.  

macholatte's picture




From each according to his abilities, to each according to his needs.
Karl Marx 


...... but who decides.

falak pema's picture

best performance so far! He is making the french eat their arrogance and swallow their 75% spike, hollow populism that changes nothing in the oligarchy power structure. But then a socialist is true friend of the Oligarchs; its their Stockholm syndrome, when they are not the "enragés" spitting fire n brimestone they are fellow travellers of despotism; from where ever it comes. 

From Cyrano to oligarchy buffoon, is a road that every major actor whould take, to say to the world :  behold the world is a stage! 

That's all he is an actor and a good one; the rest is poilitical buffoonery.

Watch Putin take full advantage of this french embarrassment... 

williambanzai7's picture

Putin, of course, is a Grandmaster of propaganda. He runs circles around the rest of the pack.

smlbizman's picture

i am almost getting tired of hearing about zero hedge on cnbc.......i mean at least twice in 2 days..come on.fressa sticking it up liesman's ass and now santelli....

please stay the 800lb. underground gorilla in the room...

there is a price for fame and we dont need it...although everytime they say it , i get a gigantic smile ...and they appear to have thrown up in their mouths...

Itch's picture

Non, non, that picture is perfect, because only twats put their fingers at the sides of their mouths to pretend they are smiling. Its the mime, that horrific excuse for personality that the french are famous for. Yuk, it sends shivers down my back. Yeah, the mime, its a fucking disgrace, its even more of a crime than fraud. If you ask me i would jail the onion head for that alone for crimes against taste.

Say What Again's picture

Let them eat cake...

... or perhaps a nice meal from a KFC in the UK

TheFourthStooge-ing's picture


Let them eat cake...

... or perhaps a nice meal from a KFC in the UK

That would make a fitting last meal (after using the grease from it to lubricate the blade guides on the guillotine).

Say What Again's picture

Have you noticed how similar that last photo is to that of the "Joker?" from Batman.

I keep thinking about the famous lines from the movies regarding the reasons for his big smile.


Maybe Bonzai can do his magic to blend that picture with one of the joker.

waterhorse's picture

I suggest a used urinal cake.

Mercury's picture

Socialism: Where everyone else is equal and controlled by us.

(It sounds better in French)

rwe2late's picture

Capitalism: Where everything is owned by us, and no one is our equal.


(it sounds no better in any language)


AgAu_man's picture

Also sounds best in Hebrew.  Like everything else.

AgAu_man's picture


Sounds best in Hebrew.  Like everything else.

"Socialism: Where everyone else is equal and controlled by us."

Seasmoke's picture

What's the problem. He finds tax fraud and then keeps it for himself.

overmedicatedundersexed's picture

crime it's not just for greasy italians

AgAu_man's picture

You, sir, are either a dumb a$$ (and you do  know that 'ass' = donkey, right?), or an AP (Agent Provocateur).

Not that I'm suggesting that any organized crime is acceptable, but... The Mob was invented (in the poorest parts of Italy) as a reaction to where the REAL financial crime was happening: Rome.  And REAL criminals in the US have been defining the argument by shining the light on the Mob, instead of themselves. 

Imagine if US Law Enforcement went after the SEC, Wall St, Lobbyists and corrupt politicians -- the Big Fish -- instead of some poor bass-turds -- the small fry -- who seek to make a quick, unsavory buck because they lack brains, skills, education, imagination and work ethic (to make it like the rest of us).  US "organized crime" is no longer the pathetic Mob, but the all-too many sleazy characters with MBA and Law degrees in Manhattan, DC and select corporate boardrooms.  The 'cancer' has metastasized.

Let's not fall for stupid or provocative remarks that seek to devalue or derail cogent discussion.  Let's keep clarity and focus.

lemarche's picture


Winston Churchill's picture

On the plus side ,he at least knows all about his job.

Set a thief to catch.....

NotApplicable's picture

A true expert. A rare find in the halls of governance.

Anusocracy's picture

Government is not only evil, it is illogical.

Who guards the guardians?

Smuckers's picture

All your taxes are belong to us.

Theta_Burn's picture

A budget minister investigating tax fraud stuck his nose in the wrong orifice apparently.


Say What Again's picture

Has Intrade made any bets on the possibility of a squid filling the position?


Dr. Engali's picture

So like Corzine we can expect swift and punative measures against him right?

Temporalist's picture

Oh he is soooo not being invited to the foie gras and champagane social!

NotApplicable's picture

I'm thinking a promotion is likely in order.

For both of them. o_O

buzzsaw99's picture

tax cheats like hank paulson and turbo timmy run the usa treasury so it is business as usual

earleflorida's picture

remember this... it gets so hard finding nominees to pass the vetting process, because most if not all have cheated on their taxes 

ziggy59's picture

Noooooo! Gov officials and bankers dont lie....

Got Rope?

AccreditedEYE's picture

The French will continue to be the French and the U.S. will continue to want to emulate them...  market is serving up an opportunity to mint some coin. BTFD

Element's picture

Ok, but where Sarky's? ... maybe he has people for that.

100pcDredge's picture

Oh non... et tu... camembert! Et maintenant?

Inthemix96's picture

Its the same no matter which country you live in.  Over here we have just had a right "Honourable" gentleman suspended from the Labour party of marxists for 12 months months.

Can you wonder what he did to warrant a 12 month ban?  His name is Ian Macshane, he converted the garage on his home into an office at tax-payer expense to the tune of £125,000.  Then for 5 years he claimed up to £13,000 a year running costs for said office space.  When this blatant fraud was uncovered do you know what his excuse for thieving £200,000 grand was?

The death of his daughter eight years earlier.  Thats right, the loss of his daughter, racked with grief caused him to systemically thieve almost £200,000 of British taxpayers money.  Now you or I would serve serious clink time for a theft that brazen mind.  But not the right honourable gentlemen who are beyond the scope of law enforcement, they serve a paltry 12 month suspension, and then nose back in the trough.

There is no level these self-serving, thieving, corrupt, better-than-you, fucking cunts will not stoop to, to get a hold of the green, even using your dead daughter is fair game to these parasites.  Its time for a total clean out of corruption folks, nothing else will do.

Filthy mother fuckers.

TheFourthStooge-ing's picture

Inthemix96 said:

Now you or I would serve serious clink time for a theft that brazen mind.  But not the right honourable gentlemen who are beyond the scope of law enforcement

It would appear that, given the examples of the "right honourable" Ian Macshane and the "honorable" Jon Corzine, anyone with honorable or honourable in their title is most likely a cunt, or a wankstain at the very least.

Inthemix96's picture

The fourth.

I concur, lets have these fuckers hanged from a lampost.

Fair enough?

TheFourthStooge-ing's picture

...and just so their lives aren't a total waste, following their "held over" performance at the end of a rope, promote them to their new duties as compost.

It's ecological.

Inthemix96's picture

Bravo friend.

An impecibale choice.


chunga's picture

This just in...

Moody's, Fitch, and Standard and Poor's reaffirm Notre Dame's #1 ranking.

earnyermoney's picture


I can see why Johnny Swofford wanted ND to join the ACC. Looked like a perfect fit last night.

NoDebt's picture

Animal Farm, bitchez!

Guillotine... coming back in style again?

Poetic injustice's picture

Looks like there is at least one professional in government!

boribori's picture

But isn't it that fraud, secret accounts have always been around? I have a feeling that austerity and looking for money is really biting now -- they are looking into places they never had to.


Investor Wizard's picture

He's flipping everyone off.