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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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Tue, 01/08/2013 - 11:32 | 3132892 ar01
ar01's picture

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

Tue, 01/08/2013 - 11:33 | 3132896 Pladizow
Pladizow's picture

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

Tue, 01/08/2013 - 11:38 | 3132920 HoofHearted
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?

Tue, 01/08/2013 - 12:26 | 3133062 max2205
max2205's picture

Our tax cheats can stay here if they sre connected

Tue, 01/08/2013 - 22:02 | 3134836 philipat
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?

Tue, 01/08/2013 - 12:30 | 3133065 Pegasus Muse
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.  

Tue, 01/08/2013 - 12:48 | 3133122 macholatte
macholatte's picture




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


...... but who decides.

Tue, 01/08/2013 - 14:05 | 3133445 williambanzai7
williambanzai7's picture


Tue, 01/08/2013 - 14:34 | 3133542 falak pema
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... 

Tue, 01/08/2013 - 15:21 | 3133737 williambanzai7
williambanzai7's picture

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

Tue, 01/08/2013 - 12:07 | 3133016 smlbizman
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...

Tue, 01/08/2013 - 12:23 | 3133052 Itch
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.

Tue, 01/08/2013 - 11:33 | 3132895 Say What Again
Say What Again's picture

Let them eat cake...

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

Tue, 01/08/2013 - 11:50 | 3132975 TheFourthStooge-ing
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).

Tue, 01/08/2013 - 13:17 | 3133232 Say What Again
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.

Tue, 01/08/2013 - 14:00 | 3133425 waterhorse
waterhorse's picture

I suggest a used urinal cake.

Tue, 01/08/2013 - 11:39 | 3132906 Mercury
Mercury's picture

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

(It sounds better in French)

Tue, 01/08/2013 - 12:46 | 3133117 rwe2late
rwe2late's picture

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


(it sounds no better in any language)


Tue, 01/08/2013 - 13:12 | 3133213 AgAu_man
AgAu_man's picture

Also sounds best in Hebrew.  Like everything else.

Tue, 01/08/2013 - 13:09 | 3133179 AgAu_man
AgAu_man's picture


Sounds best in Hebrew.  Like everything else.

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

Tue, 01/08/2013 - 11:37 | 3132912 Seasmoke
Seasmoke's picture

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

Tue, 01/08/2013 - 11:38 | 3132919 overmedicatedun...
overmedicatedundersexed's picture

crime it's not just for greasy italians

Tue, 01/08/2013 - 13:36 | 3133314 AgAu_man
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.

Tue, 01/08/2013 - 11:39 | 3132925 lemarche
lemarche's picture


Tue, 01/08/2013 - 11:54 | 3132940 Winston Churchill
Winston Churchill's picture

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

Set a thief to catch.....

Tue, 01/08/2013 - 12:50 | 3133128 NotApplicable
NotApplicable's picture

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

Tue, 01/08/2013 - 13:40 | 3133340 Anusocracy
Anusocracy's picture

Government is not only evil, it is illogical.

Who guards the guardians?

Tue, 01/08/2013 - 11:39 | 3132927 Smuckers
Smuckers's picture

All your taxes are belong to us.

Tue, 01/08/2013 - 11:40 | 3132929 Theta_Burn
Theta_Burn's picture

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


Tue, 01/08/2013 - 11:40 | 3132931 Say What Again
Say What Again's picture

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


Tue, 01/08/2013 - 11:48 | 3132942 Dr. Engali
Dr. Engali's picture

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

Tue, 01/08/2013 - 12:52 | 3133133 Temporalist
Temporalist's picture

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

Tue, 01/08/2013 - 12:53 | 3133137 NotApplicable
NotApplicable's picture

I'm thinking a promotion is likely in order.

For both of them. o_O

Tue, 01/08/2013 - 11:45 | 3132952 buzzsaw99
buzzsaw99's picture

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

Tue, 01/08/2013 - 12:44 | 3133114 earleflorida
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 

Tue, 01/08/2013 - 11:45 | 3132957 ziggy59
ziggy59's picture

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

Got Rope?

Tue, 01/08/2013 - 11:49 | 3132971 AccreditedEYE
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

Tue, 01/08/2013 - 11:51 | 3132974 Element
Element's picture

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

Tue, 01/08/2013 - 11:53 | 3132982 100pcDredge
100pcDredge's picture

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

Tue, 01/08/2013 - 11:54 | 3132986 Inthemix96
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.

Tue, 01/08/2013 - 14:50 | 3133604 TheFourthStooge-ing
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.

Tue, 01/08/2013 - 14:59 | 3133655 Inthemix96
Inthemix96's picture

The fourth.

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

Fair enough?

Tue, 01/08/2013 - 15:37 | 3133782 TheFourthStooge-ing
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.

Tue, 01/08/2013 - 15:47 | 3133815 Inthemix96
Inthemix96's picture

Bravo friend.

An impecibale choice.


Tue, 01/08/2013 - 11:57 | 3132994 chunga
chunga's picture

This just in...

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

Tue, 01/08/2013 - 12:19 | 3133043 earnyermoney
earnyermoney's picture


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

Tue, 01/08/2013 - 11:58 | 3132999 NoDebt
NoDebt's picture

Animal Farm, bitchez!

Guillotine... coming back in style again?

Tue, 01/08/2013 - 12:16 | 3133034 Poetic injustice
Poetic injustice's picture

Looks like there is at least one professional in government!

Tue, 01/08/2013 - 12:30 | 3133075 boribori
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.


Tue, 01/08/2013 - 12:38 | 3133091 Investor Wizard
Investor Wizard's picture

He's flipping everyone off.

Tue, 01/08/2013 - 12:40 | 3133099 littleguy
littleguy's picture

What a bellend. The French political class are all champagne socialists. They'll all run off to Switzerland (sic. Russia) when the shit hits the fan.

Tue, 01/08/2013 - 13:07 | 3133191 Maxhno
Tue, 01/08/2013 - 13:09 | 3133199 AnAnonymous
AnAnonymous's picture

one can't help but wonder, are some more equal than others?


Ah, but 'americans' answered this question a long time ago.

Human beings are equal in rights. It just happened that some are not human beings. They are sub humans, non humans etc

Tue, 01/08/2013 - 13:12 | 3133214 Chump
Chump's picture

Tibetans, even?

Tue, 01/08/2013 - 13:22 | 3133252 AnAnonymous
AnAnonymous's picture

Of course, Tibetans. No one escaped 'americanism'

Tibetans are more equal than some others. Just read the Free Press (an 'american' middle class institution) to get some clues.

Here's an example:

One time, Tibetans rioted and started to burn down shop in Tibet. The military was sent in to regain control.

Read the Free Press (the voice of their master, the 'american' middle class) about that

Now compare negroes rioting in the good old mecca of 'Americanism' on Earth, the US, and burning down shops in the US. The military was sent in to regain control.

Read the Free Press (the voice of their master, the 'american' middle class) about that.

Yes, Tibetans even. Especially Tibetans.

'American' justice trademark. Same actions, different treatment. It is the way 'americanism' works.

Bear with it.

Tue, 01/08/2013 - 13:35 | 3133309 TheFourthStooge-ing
TheFourthStooge-ing's picture

It is somehow very something how Chinese citizenism citizens like to project their fantasies onto others.

Save that as Chinese citizenism is real, well, it gives situations like Tibet.

Chinese citizenism world odor. Chinese citizenism algebraic coconutism will make that endeavor an assured thing.

Tue, 01/08/2013 - 14:56 | 3133597 akak
akak's picture

Chinese citizenism fault projectionism is indeed the most mattering thing --- very crusty, very can-kicking.

Chinese citizenism inability to self-indict is the direct cause of Tibetan ability to self-ignite.

But when the Han is caught in the Tibetan cookie jar, never expect admissions of guilt or culpability --- no, faults always lie with mythical 'americanism', brought to you courtesy of the roadside-crapping Long March of insanitation, blobbing-up, and desperate seeking of symmetry in order to force blame to the exterior.

Thus is the typical throating of hypocritizenistic Chinese citizenism 'ideas'.

But when the dog is in need of a wok, one can always expect a Chinese citizenism citizen to show up.

Tue, 01/08/2013 - 13:11 | 3133205 AnAnonymous
AnAnonymous's picture

The good times were when there were Indians around, fleecing them ensured some kind of comfort.

Today, the only solace is fleeing into fantasy.

One system prevails over the world today: and that's 'americanism'

And one thing should be remembered: it is no longer 1777 and it is quite hard to bamboozle 'americans' about 'americanism'

Tue, 01/08/2013 - 13:23 | 3133259 TheFourthStooge-ing
TheFourthStooge-ing's picture

AnAnonymous said:

The good times were when there were Indians around, fleecing them ensured some kind of comfort.

Redirectmentation with high purpose to strawsman. Made me laugh.

Today, the only solace is fleeing into fantasy

...for Chinese citizenism AnAnonymicans.

One system prevails over the world today: and that's 'americanism'

Emerges now with revealment immediacy the duplicitous nature of Chinese citizenism stealth is eternal.

And one thing should be remembered: it is no longer 1777 and it is quite hard to bamboozle 'americans' about 'americanism'

Expression with merriment now the offuscation scenario, a well known song, have broadcastings from Chinese citizenism propagandist commenter. Circonvolutionated Chinese citizenism offuscationary tactic as here deployed.

Tue, 01/08/2013 - 20:08 | 3134545 Just Ice
Just Ice's picture

Lowlife, mentally degraded AnAnusmouse projects onto others his own, current, Chinese citizenism at work unburdening subhumans of property: and  AnAnusmouse and his ilk unworthy to be relieved upon by dog.

Tue, 01/08/2013 - 13:11 | 3133206 catacl1sm
catacl1sm's picture

Is anyone surprised by this? love the pic, BTW.

Tue, 01/08/2013 - 15:02 | 3133224 earleflorida
earleflorida's picture

Russia: The 'Neo-Neutrality State of Moneye'd Law'... placating the 'herd`ead' ring-fenced masters of the 'Vatican Guard?', via a totalitarianism quasi-nuance of predicated folly-- a 'symbiotic constructive ambiguity', found only in a exogenous rehypothecated'esque cess-pool of a 'Born-Again Russkie`Put'!

Bernake's 'Put`in'= Putin's Call`out'... goes fatigue'd revenue?

Tue, 01/08/2013 - 13:22 | 3133253 spooz
spooz's picture

  Political corruption exists throughout the world.  Here in the good old USA, fraud is legal. When our government officials aren't using insider information for their own profits, are selling it to hedge funds.


Tue, 01/08/2013 - 14:24 | 3133330 falak pema
falak pema's picture

socialist/dirigiste france : the prime example of Machiavelli's prince; say one thing do the opposite. Time and time again : in Indochina, in Suez, in Algeria, in Francafrique, all the while singing (along with that other scion of freedom fries, the USA) : "we believe in universal human rights... "

Living off borrowed money and tax breaks galore for forty years...and crying Enlightenment to the blind. 

THat had the Prince tipping his hat to them in repeated encores all along their Folies Bergeres performance of "look how high we kick our legs in name of Libérté, égalité and free access to Françafrique Fraternité!"  ( mainly oil, now Uranium).  

Their model is now broken. Having been outflanked by the world oligarchy trend of Reaganista Thatcherings, having been hog-tied and butt bashed since 1975 oil crisis, incapable of stopping the social layoffs/debt hemorrhaging, all they can do is up the TAx ante to save their Gargantuan state structure, and welfare state spending. 

Now its being called out by the markets, as for all of first world, going bottom up.

So its time to pay the piper and change the model; like everywhere else in first world. 

Tipping times and the Prince is now changing sides.

I wonder if he is going "slit eyed"?

That would be a game changer. Marco Polo hatched a good egg there!  

About time too! Every dog has his day. 


Tue, 01/08/2013 - 15:37 | 3133783 Joebloinvestor
Joebloinvestor's picture

If you think this guy is corrupt, deal with a "notaire".

The first step France should take is prosecuting corrupt notaires, like all of them.

Tue, 01/08/2013 - 18:30 | 3134319 Grin Bagel
Grin Bagel's picture

Inthemix96; No need to sugar-coat, just say it like you think it.

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