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If Your Name Is On This List, Prepare To Be Audited (Or Worse)

Tyler Durden's picture




 

Over the weekend we got the latest confirmation that when it comes to enabling of tax evasion and parking of criminal money, HSBC is second only to US real estate in catering to shady offshore oligarchs, dictators, rock stars, monarchs, and even outright criminals.

What happened was the following: The French newspaper Le Monde obtained a version of the tax authority data, which covers accounts of more than 100,000 clients (individuals and legal entities) from more than 200 countries. The newspaper shared it with the International Consortium of Investigative Journalists with the agreement that it would assemble a global team of journalists to explore the data and produce this reporting project.

The data comes from three types of internal bank files from different time periods. One reflects clients and their associated private accounts at the Swiss branch of the bank mostly from 1988 to 2007. Another is a snapshot of the maximum amounts in the client accounts during 2006 and 2007. The third is of notes on clients and conversations with them made by bank employees during 2005.

The files show the accounts to hold more than $100 billion in total, from $12.6 billion held in the name of governmental institutions from the oil rich nation of Venezuela under the late former leader Hugh Chávez, to amounts recorded as zero. The confidential files also provide a wealth of other detail, such as secretive offshore companies linked to some accounts.

As Bloomberg reminds us today, the HSBC leak began as a rogue operation by a computer technician, Herve Falciani, who left the company in 2008 with five disks of confidential information. A self-described whistle-blower, Falciani provided details on the 100,000-plus accounts to French Finance Minister Christine Lagarde, now head of the International Monetary Fund. She passed details from the cache -- which came to be known as the Falciani List or Lagarde List -- to governments around the world.

The "Swiss Leak" was the topic of last night's 60 Minutes (which was missed by pretty much everyone who was focusing on the brain mush that is the Grammys instead).

Here are some excerpts from the CBS interview:

A 37-year-old computer security specialist named Hervé Falciani stole the huge cache of data in 2007 and gave it to the French government. It's now being used to go after tax cheats all over the world. 60 Minutes, working with a group called the International Consortium of Investigative Journalists, obtained the leaked files. They show the bank did business with a collection of international outlaws: tax dodgers, arms dealers and drug smugglers -- offering a rare glimpse into the highly secretive world of Swiss banking.

 

This is the stolen data that is shaking the Swiss banking world to its core. It contains names, nationalities, account information, deposit amounts - but most remarkable are these detailed notes revealing the private dealings between HSBC and its clients.

 

Jack Blum: Well, the amount of information here that has come public is extraordinary. Absolutely extraordinary.

 

Few people know more about money laundering and tax evasion by banks than Jack Blum.

 

He's a former U.S. Senate staff investigator. We asked him to analyze the files for us.

 

Jack Blum: If you read these notes, what you understand is the bank is trying to accommodate the secrecy needs of the client. And that's the first concern.

 

Jack Blum: You get into the notes and you find that they offer various products: shell corporations, trusts, various ways of concealing the ownership of the account. They offer products that they're gonna give to the customer that will help with a concealment.

 

Concealment is what Irish businessman John Cashell got from HSBC. His file contained these notes by a bank employee: Cashell's "pre-occupation is with the risk of disclosure to the Irish authorities." The employee went on, "I endeavored to reassure him that there is no risk of that happening." Cashell was later convicted of tax evasion.

 

The bank files we examined contained more than 4,000 names of people with connections to the U.S., holding more than $13 billion in HSBC accounts.

One was a New Jersey realtor. The notes in her file reveal that she and her family wanted assurance that her assets would be well hidden from U.S. tax collectors.

 

Jack Blum: And she expresses concerns to the bank, which in turn reassure her that they will find ways to keep her name out of the sights of IRS.

 

Bill Whitaker: There seems to be evidence of the bank actively helping clients evade-- if not cheat.

 

Jack Blum: Of course.

 

Bill Whitaker: You say, "Of course." But for us, looking at these documents here, this is shocking.

 

Jack Blum: First of all, for the average American taxpayer it's beyond shocking. But, perhaps, not that surprising. Swiss banks have been caught protecting tax dodgers before, but never has this much detail been revealed.

 

Jack Blum: Under U.S. law, any bank that does that, that assists a U.S. person in evading U.S. tax is guilty of a felony. And it doesn't matter where the bank is located or where the bankers are located.

 

Bill Whitaker: So, we're looking at evidence of a felony here?

 

Jack Blum: Potentially, yes.

The full interview is below:

* * *

And while we will refrain from commenting on the implications of this report and the imminent renewal of howls of rage at taxing the uber-rich even more, the only question on pretty much everyone's mind (and certainly for those within the 0.1% who had enough "savings" to deposit them with HSBC) is simple:

  • "Am I on that list?"

The answer -if only for the 0.1% - is probably yes: after all if 100,000 individuals were listed, it probably means the vast bulk of the pinnacle of global wealth is not only involved but, now, has been named.

And while the full list has yet to be revealed to the broader public, this is what the ICIJ has provided. How and why did the consortium select these individuals? "The people featured in this application have been selected by ICIJ as a sample, based on their public interest."

Here they are courtesy of the ICIJ, whose release of the remaining 99,900 or so names is eagerly anticipated:

Abdul-Karim Dan Azoumi, Diamond exporter

Abdoul-Karim Dan-Azoumi is the owner of Badica, the largest diamond exporter in the Central African Republic (CAR). An October 2014 United Nations report by a panel of experts branded Dan-Azoumi’s company a key financial backer of the rebel Seleka group which has been fighting government forces in the CAR conflict that has resulted in the deaths of thousands of civilians. The United Nations alleged that fees paid by Dan-Azoumi’s companies to Séléka rebels in order to illegally export diamonds allowed the rebels to remain armed. Dan-Azoumi lives in Antwerp, Belgium’s diamond capital.

File details

Dan-Azoumi became an HSBC client in 2000. He was linked to five bank accounts. Two of them were associated with a client account under the name of “Kampala Holdings S.A.,” which lists Dan-Azoumi as beneficial owner. The maximum amount in the account in 2006/2007 was $467,592. The other three bank accounts belonged to a numbered client account, which was closed in 2006. He was linked to “32618 BG” alongside another individual. HSBC bank communications explain that the bank closed the account for the benefit of an offshore account that was going to have Dan-Azoumi as beneficial owner.

* * *

Aziza Kulsum Gulamali, Cigarette factory owner, alleged arms dealer

Aziza Kulsum Gulamali, born in Burundi in 1944, is also known as the “Coltan Queen” for her alleged role in trafficking that precious metal, central to much mobile phone technology. The United Nations has criticized Gulamali for financing and providing weapons to rebels during Burundi’s civil war in the early 1990s. In 2002, Swiss authorities charged Gulamali and members of her immediate family with money laundering. The case was later dropped and Gulamali won nominal court costs.

File details

Listed as living in Belgium, Kulsum was linked to three HSBC numbered client accounts opened between 1990 and 1997. One account -15208BAMA- linked to two bank accounts that together held as much as $3.26 million in 2006/2007, was later blocked for unspecified compliance reasons.She showed up as a joint account holder of that numbered client account. The other two accounts were closed in 1995 and 2000. The leaked files do not specify the exact role Kulsum had in relation to these accounts.

* * *

Alejandro Andrade, National treasurer

Alejandro Andrade started as a bodyguard to the late Venezuelan president Hugo Chávez and ended up serving as national treasurer between 2007 and 2010. Andrade was among the military officials that were part of the unsuccessful coup of 1992 together with Chávez. He was close to him during his first presidential campaign and held several financial posts in the Chávez administration. In addition to serving as treasurer, Andrade was also president of the Economic and Social Development Bank of Venezuela (Bandes) between 2008 and 2010. The U.S. Securities and Exchange Commission filed a civil action and the U.S. Attorney for the Southern District of New York charged four individuals in what prosecutors said was a scheme that generated $66 million in revenue for a Miami brokerage in return for kickbacks and bribes to the vice president of finance at the bank. This occurred during Andrade’s administration but Andrade was not named in the suit. He currently lives in Palm Beach County, Florida, in the wealthy neighborhood of Wellington, and has invested in show horses.

File details

Alejandro Andrade was listed by the HSBC records as an attorney for the client account of the Venezuelan Treasury Office under the Ministry of Finance in 2007, when he assumed the position of national treasurer. The Treasury Office became an HSBC client in 2005 and held an account under the name of the governmental institution. The Treasury client account listed three bank accounts that together held as much as $698 million in 2006/2007. At least six of the other seven clients linked to this account were also Venezuelan officials who worked for the Treasury Office.

* * *

Alfred Taubman, Billionaire

Alfred Taubman, is the billionaire developer who “helped make the mall into America's modern town square,” according to Forbes. Also a noted philanthropist, Taubman has made large donations to the University of Michigan and to other schools. The former Sotheby’s chairman was fined $7.5 million in 2002 and served 10 months in prison after a jury in New York convicted him of fixing auction prices.

File details

Alfred Taubman was linked to 6 HSBC accounts of which he was listed as beneficial owner of four of them: “M.L.P. MOSCOW LOGISTICS PARK LTD CYPRUS”, “ATHENA BALCHUG LLC”, “BALCHUG (CYPRUS) LIMITED” and “ATHENA BALCHUG (CYPRUS) LIMITED” They were closed by 2007. One of the client accounts opened in 1998, “M.L.P. MOSCOW LOGISTICS PARK LTD” listed one bank account and held as much as $13,706 in 2006/2007.

* * *

Aliko Dangote, Africa’s wealthiest industrialist

In November 2014, Forbes magazine ranked him as the richest man in Africa and the 23rd in the world with an estimated fortune of $21.6 billion. Aliko Dangote is the founder and the current CEO of the Dangote Group, a conglomerate operating in 16 African countries. The Nigerian mogul made his fortune in the production of four major commodities: sugar, salt, flour and cement. However, his businesses have expanded to other sectors, including oil and real estate. He is also the president of the Nigerian Stock Exchange. Reuters reported a Nigerian government announcement in the summer of 2014 that Dangote Group had donated $150 million to stop the spread of Ebola. In October 2014, Nigeria was declared Ebola free.

File details

He became an HSBC client in 2003 and was a beneficial owner of a client account with the Swiss bank from July 2003 to August 2004. The account appeared in the name of Development Projects Corporation. The leaked files placed its registration address in the British Virgin Islands.

* * *

Álvaro Noboa, Politician and head of agribusiness empire

Considered the richest man in Ecuador, he is also a politician. He failed to become the president of Ecuador when he ran five times in elections between 1998 and 2013. Under the conglomerates of Grupo Noboa and Corporación Noboa, this Ecuadorean in his mid-sixties manages 110 companies all around the world. Bonita bananas is one of Noboa’s most popular brands. In addition to his banana exporting business, his holdings include media, real estate, banking and other companies. Noboa and his companies have fought many legal battles, including over allegations of tax evasion, child labor, and sexual harassment. He has also so far evaded an attempt by a former business partner to collect an $8.7 million judgment against him. In 2009, Ecuadorean president Rafael Correa told El País that Noboa was a “mogul who does not pay taxes.” In November 2013, Noboa took out an ad in The New York Times to decry the “relentless political persecution” of Ecuador’s tax officials.

File details

The Guayaquil-based tycoon was a beneficial owner of an HSBC client account started in 2006, under the name Fruit Shippers Limited, which listed postal addresses in Bermuda and the United States. Fruit Shippers Limited is the name of a company in which Noboa is the controlling shareholder. The maximum amount in the account in 2006/2007 was $92.1 million.

* * *

Arlette Barbary de Langlade Ricci, Heiress to Nina Ricci fashion and perfume fortune

Arlette Ricci, 73, is the heiress to the fortune of Nina Ricci, the perfume giant and one of France’s oldest fashion houses. French authorities charged Arlette Ricci in 2011 with tax evasion as a result of the French Government’s study of the documents leaked by former HSBC employee Hervé Falciani. According to media reports, police arrested Ricci at her central Paris home in 2011 and held her in custody for 48 hours. Ricci has denied allegations of wrongdoing. An appeals court rejected an attempt by Ricci’s lawyers to have charges against Ricci dropped.

File details

Ricci was connected to three HSBC client accounts. She appeared as beneficial owner of the account Parita Compania Financiera S.A., which held as much as $22.5 million at one point in 2006/2007. Parita Compañia Financiera S.A. is the name of a company based in Panama. Ricci was also once listed as “Attorney A” for the account MYR ASSOCIATES INC., which held $1.9m in 2006/2007. A third account with no money, Positano, did not explicitly state Ricci’s role.

* * *

Belhassen Trabelsi, Former owner of biggest business holding in Tunisia, now in exile

Belhassen Trabelsi became a wealthy businessman in Tunisia during the presidency of his brother-in-law Zine el Abidine Ben Ali (1989-2011). His sister Leila, a former hairdresser, married Ben Ali in 1992 and began placing her 10 siblings in key positions in government and the economy. Belhassen Trabelsi became the chieftain of the Trabelsi clan. He fled his country in 2011 in the midst of a popular revolt that ousted Ben Ali. He and his family members now live in Canada, where they arrived in 2001 on a private jet and where they are seeking refugee status. Trabelsi was convicted for corruption in absentia in 2011 and sentenced to 15 years in prison.

File details

Trabelsi became an HSBC client in 2006. He was listed as beneficial owner of three bank accounts under the name of “Zenade Resources Limited,” that held as much as $2,837,034 in 2006/2007. HSBC records also tied him to the numbered account “48451MH” which listed four bank accounts and held as much as $22,083,647 in 2006/2007. The leaked files do not specify the exact role that Trabelsi had in relation to this numbered account created in 2006.

* * *

Carlos Hank Rhon, Mexican Billionaire

Carlos Hank Rhon is a Mexican billionaire and co-owner of Grupo Financiero Interacciones and Grupo Hermes. For the last 50 years, the Hanks have been considered one of the most influential families in Mexico. Forbes puts his fortune at more than $2 billion and has ranked his family among the 800 wealthiest families in the world. However, the origin of the Hank family fortune (which was begun by Carlos’ father, the well know politician Carlos Hank Gonzalez; Carlos’ son and Carlos’ brother Jorge) has been the subject of investigations, controversy and official scrutiny. In 1999, a preliminary report on the U.S. National Drug Intelligence Center’s “Operation White Tiger” leaked to the press and linked the Hank family to drug trafficking and money laundering for the Tijuana drug cartel. Janet Reno, then attorney general, disavowed the report. Carlos Hank Rhon, who controlled the Laredo National Bank, which was also named in the report, in June 2001 agreed to pay a $40 million fine to the U.S. Federal Reserve for hiding the names of the real owners of the bank. Even before that, Carlos Hank Rhon was investigated for money laundering by Mexican, Swiss and French judges. They were trying to establish the origin of bank transfers — allegedly connected with drug cartels — made to Enrique and Raúl Salinas de Gortari, brothers of former Mexican President Carlos Salinas de Gortari. Carlos Hank Rhon admitted that he made the transfer to Raúl Salinas when he was questioned by Mexican authorities. However, he did not give more details. Enrique Salinas and his wife were acquitted of the money laundering accusations by a French judge in 2006. There are no pending charges against the Hank family.

File details

Carlos Hank Rohn became an HSBC client in 2005. He was the beneficial owner of a client account under the name “Hmex Pte. Ltd.” He later stopped being in that position, as Hank Rohn’s files listed his profile for this account as “stricken .” “Hmex Pte. Ltd.” had 10 bank accounts that together held as much as $158 million in 2006/2007. Hank Rohn was also linked to a numbered client account with one bank account which held as much as $20.1 million in 2006/2007. The leaked files do not specify the exact role he had in relation to this account.

* * *

Christian Michael Slater, Actor

Slater is an American actor who rose to fame in the 1980s and early 1990s with a series of rebel and bad boy roles. He started his career early by starring in a Broadway play at the age of 11. He starred in his first movie in 1985 and gained recognition in 1986 in The Name of the Rose with Sean Connery. In 1989, he starred in the cult movie Heathers alongside Winona Ryder. In 1991, he played opposite Kevin Costner in Robin Hood: Prince of Thieves. Three years later, he played the role of a nosy journalist in Interview with the Vampire: The Vampire Chronicles with Tom Cruise and Brad Pitt. He played opposite John Travolta in Broken Arrow, a 1996 action movie. For several years after that, he had minor roles in various TV shows and movies but no big screen roles perhaps due to run-ins with the law. Among other incidents, he has been convicted of drunk driving and assault.

File details

Christian Michael Slater was linked to an HSBC client account named "Captain Kirk,” after the Star Trek character. It was opened in 1996 and closed in 1997. The account listed two postal addresses: one in the United States, associated with ERNST & YOUNG LLP, and one in the United Kingdom. The leaked files do not specify the exact role Slater had in relation to the account

* * *

Diane Halfin von Fürstenberg, Fashion designer

Von Fürstenberg is an iconic American fashion designer who is best known for her wrap dresses, which were the height of fashion in the 1970s and are still popular today. She got her last name from her first husband, a German prince, and, although she has remarried, she has continued using his name. In 1974 she presented her first wrap dress and due to its success was featured on the cover of Newsweek two years later. Also in 1974, she launched her line of cosmetics and her first fragrance. In 1985, she created a publishing house in Paris. Since 2004, she has initiated lines of various products including jewelry, beachwear, a fragrance and children’s clothing. She is director of a family foundation and has donated money to a variety of causes.

File details

Diane Von Fürstenberg's was linked to four HSBC client accounts: two numbered that were opened in 1988 and later closed in 1996 and 2002. There was another account under the name “Thunderbird Investments Ltd,” in which she showed up as beneficial owner, opened in 1994 and closed in 2002 and one account for “Licom Ltd,” where at one point she was listed as “Attorney B.” Two family members were also linked to the client account. Her mother was listed as beneficial owner of the account and then stricken. “Licom Ltd” listed seven bank accounts that together held as much as $6,268,217 in 2006/2007.

* * *

Diego Forlán, Football player

Diego Forlán is one of the world’s top scorers in the recent history of soccer. He scored large numbers of goals for clubs in major national leagues, including Independiente (Argentina), Manchester United (England), Atlético de Madrid (Spain) and Internazionale Milano (Italy). The latest stop of his career is the Japanese team Cerezo Osaka. Forlán is a two-time winner of the European Golden Shoe and also was awarded the Adidas Golden Ball as the best player at the 2010 World Cup. Playing for Uruguay, Forlán won the 2011 Copa América, the 15th title for “La Celeste.”

File details

Diego Forlán became an HSBC client in 2006, while he was playing in Spain for Villarreal. He was connected to two client accounts that together listed four bank accounts. Two of them were associated with the account Rosario Trading Company S.A where he was listed as “Attorney C,” and two were associated to numbered account 12661 ZDF. Together the accounts held as much as $1.4 million in 2006/2007. The leaked files do not specify the exact role that Forlán had in relation to the numbered account.

* * *

Edmond J. Safra, Banker

Descendant of a banking dynasty from Syria, Edmond Safra was a colossus of the finance world who established banks across Brazil, Switzerland and the United States. In 1999 he sold his holdings in Republic New York Corporation and Safra Republic Holdings – both specialized in private banking –to London-based HSBC for $10.3 billion in cash. As a result of that sale, the assets of Safra’s wealthy international clients were transferred to the HSBC private banking branch in Switzerland. Months later, Safra died in a fire at his luxury penthouse in Monaco. He was 67. His American nurse was later convicted and sentenced to 10 years in prison for setting the fire, hoping to stage a rescue and appear a hero.

File details

Edmond J. Safra was linked to seven HSBC client accounts, four opened in 1988, two in 1989 and one in 1999. Of these, four closed between 1999 and 2006. Together, the active client accounts by 2006/2007 held as much as $5.3 million. His wife, Lily Safra, was a non-exclusive account holder of one client account, a numbered account set up 26 days after Edmond Safra’s death in 1999, which held as much as $4.6 million in 2006/2007 before closure. It was served by six bank accounts. Besides the numbered account, Lily Safra was also connected to four more accounts of which she was beneficial owner of two. Two of these accounts were also associated with her husband.

* * *

Édouard Stern, Banker

Édouard Stern was a French banker whose violent death in 2004 at the hand of his girlfriend Cécile Brossard inspired several movies and novels. The court case was widely covered in the French and Swiss press. Édouard Stern was head of the bank Stern, a position he took over from his father in 1979. He successfully developed the bank's business towards market finance and mergers and acquisitions. He sold the bank to a group of Lebanese businessmen in 1984 and then created another bank, under the same name, which he sold to Switzerland's Societé des Banques Suisses four years later. He became known for his aggressive buy-out strategies which were uncommon in France at the time.

File details

Édouard Stern became an HSBC client in 1999. He was linked as “Attorney C” to a client account under the name of “HF Investments Limited,” which listed eight bank accounts that together held as much as of $16.8 million in 2006/2007. It was later closed. Together with Stern, 13 other clients were also connected to the account.

* * *

Elle MacPherson, Model, entertainer, entrepreneur

Elle MacPherson started her modelling career in 1982 and quickly made the covers of well-known fashion magazines, including Elle. She rose to fame in 1986 when she appeared on the cover of Sports Illustrated's annual swimsuit issue. In 1989, she made the cover of Time magazine, which gave her the nickname “The Body.” She was one of the first “supermodels” alongside Naomi Campbell and Cindy Crawford. In 1990, she launched her first lingerie line, “Elle MacPherson Intimates,” and has continued designing lingerie since then. In 1994, she launched her own modelling agency and started producing workout videos and calendars. The same year, she starred in the movie Sirens and went on to appear in several other productions. She appeared on the famous U.S. television show Friends several times. In 2010, she re-launched her line of body care and bath products and became the host of Britain and Ireland's Next Top Model television show.

File details

Elle MacPherson was connected to seven HSBC client accounts. She was beneficial owner of five of them. The other two, under the names of “Elle MacPherson Capital A/C” and “Elle MacPherson income A/C” do not specify the exact role that she had in relation to the accounts. The four client accounts still operative in 2008 were linked to 25 bank accounts that together held as much as $12.2 million in 2006/2007. Three of the accounts for which she was the beneficial owner were closed in 2000, 2001 and 2004.

* * *

Emilio Botín, Banker

Botín ran the family-controlled Banco Santander for almost three decades after succeeding his father as executive chairman in 1986. Santander acquired the British bank Abbey National in 2004, making Santander the most valuable bank in Europe by market capitalization. In 2011 the Botín family paid €200 million in back taxes to the Spanish government, which resulted in the closing of a tax fraud investigation into the Botíns’ accounts with HSBC Private Bank (Suisse). Emilio Botín died in September 2014.

File details

Emilio Botín became an HSBC client in 2003. He was linked to a client account created in 2002 under the name “North Star Overseas Enterprises Inc.” that connected him to five bank accounts. Together they held as much as $82 million in 2006/2007. North Star Overseas Enterprises was the name of a company based in Panama that was later dissolved. The leaked files do not specify the exact role that Botín had in relation to the account. The bank notes show that in 2005 this account was used to sell 50 percent of his shares with Bankinter through the Spanish broker Mercavalor SVB. According to HSBC internal communications, the amount of the sale was around $46 million and was transferred to other financial institutions. The reason for the transfer was a “heritance distribution.”

* * *

Fernando Alonso, Formula One racing driver

He is a two-time winner of the Formula One World Driver's Championship, in the seasons 2005 and 2006. Alonso took up residence in Switzerland from 2006 to 2010. He moved back to Spain in order to be closer to friends and family. He remarked at the time, “It's great to go home. I'm happy to pay the money. I'm not poor — just a little bit less rich now.”

File details

Alonso was client of HSBC starting 2002. He was linked to the numbered client account “MAFDAF 851 ” that previously was held in the name “Fernando Alonso Diaz”. It listed four bank accounts that together held as much as $42.3 million in 2006/2007. The leaked files do not specify the exact role that Alonso had in relation to the account.

* * *

Flavio Briatore, Motorsports figure

Briatore is known for his businesses linked to the Formula One World Championship, including Formula FB Business Ltd., a company based in the British Virgin Islands. He has headed Formula One teams for both Renault, which won both the driver's and constructor's championships in 2005 and 2006, and for Benetton. Briatore was forced to resign from the ING Renault F1 team over accusations that a team member had staged a crash to provide an advantage for a teammate during the 2008 Singapore Grand Prix. After the Fédération Internationale de l'Automobile (FIA) conducted its own investigation, the federation banned Briatore from FIA-organized events for life in September 2009. The ban was overturned by a French court in January 2010. From 2007 to 2010, he was part-owner and chairman of London's Queens Park Rangers Football Club but resigned when questions were raised about his takeover. He created the Billionaires Club, which holds a four-day party at the Grand Prix in Monte Carlo and, in his personal life, is known for having dated famous supermodels.

File details

Briatore was linked to 9 HSBC client accounts. He was listed as beneficial owner of at least six of them: Benton Investments Inc., Pinehurst Properties, and numbered account “27361” (which closed in 2005); Adderley Trading Ltd (closed in 2004); and Formula FB Business Ltd and GP2 Ltd which remained active by the time of the leak. Through the nine client accounts, Briatore was connected with 38 bank accounts, which together held as much as $73 million between 2006/2007.

* * *

Gad Elmaleh, Actor, humorist

Gad Elmaleh rose to stardom in France with his one-man shows (his first being in 1997), followed by roles in comedies. He often portrays eccentric characters, some inspired by characters from his country of origin, Morocco, and others from Paris.

File details

Gad Elmaleh was an HSBC client since 2001. He was linked to at least one numbered account. It listed two bank accounts that held as much as $81,247 in 2006/2007. The leaked files do not specify the exact role that Elmaleh had in relation to the account.

* * *

His Holiness Karekin II, Supreme Patriarch and Catholicos of All Armenians

Born Ktrij Nersessian, he was enthroned in 1999 as the 132nd Supreme Patriarch and Catholicos (meaning “universal leader”) of Echmiadzin, the holy seat of the Armenian Apostolic Orthodox Church. He has traveled the world visiting the Armenian diaspora and promoting inter-faith dialogue. His travels have taken him to places including Vatican City, the United States, India and Turkey, milestones of his pontifical visits.

File details

HSBC internal files first listed Karekin II among its clients in 2000. He was connected to an account named “His Holiness Karekin II Nersis” that listed one bank account and held as much as $1.1 million in 2006/2007. The leaked files do not specify the exact role that Karekin II had in relation to the account.

* * *

Helmut Newton, Photographer

Helmut Newton is one of the most famous names in fashion photography. His photos have been featured on the cover of Vogue many times and he has photographed models including Kate Moss, Cindy Crawford and Grace Jones. He died in 2004 following injuries from a car accident and is buried in Berlin.

File details

Helmut Newton and a family member were linked to a numbered client account with HSBC, “3144FY,” from 1994 to 1999. The leaked files do not specify the exact role that the Newtons had in relation to the account. Another HSBC client account was opened on January 26, 2004, three days after his death, in the name of the “Newton Helmut Stiftung” (Helmut Newton Foundation), based in Zürich. The maximum amount in this account in 2006/2007 was $35,528.

* * *

Ian Lloyd McKay, Court of Appeal Judge

Sir Ian Lloyd McKay, who died in February 2014 at the age of 84, was called “the best barrister in New Zealand” and sat as a judge on the Court of Appeal of New Zealand from 1991 to 1997. Following his retirement, McKay also served as the president of the Electoral Commission, on the Court of Appeal of Samoa and as the chairperson of a government inquiry. Outside the courtroom, McKay was a serious devotee of bagpipes.

File details

McKay was linked to two client accounts at HSBC. One of them, held no money in 2006/2007, and the other one, listed five bank accounts that together held $31,118 in 2006/2007. The leaked files do not specify the exact role that McKay had in relation to the account.

* * *

Jaime Camil Garza, Mexican Billionaire developer

Jaime Federico Said Camil Garza is a Mexican billionaire who has been a developer and a lobbyist. He has strong connections in the worlds of consulting, politics and entertainment. He is also known for the lavish celebrations he organizes together with his son Jaime, a popular soap opera actor. Camil claims to be a close friend of the Bush presidential family and often shows his expensive properties, yachts and horses to jet-set magazines. But his name has also appeared in the media linked to corruption scandals. The most recent scandal was in 2013 when he was named as the consultant who allegedly paid bribes on behalf of the German company Siemens to Mexico’s national oil company, Petróleos Mexicanos (Pemex). The U.S. Securities and Exchange Commission referred only to “a politically-connected business consultant” in a 2008 lawsuit, which Siemens settled by paying $1.6 billion and pleading guilty to a criminal charge. However, Pemex identified Camil as an intermediary in the payments in a separate 2013 lawsuit against Siemens, which was dismissed by U.S. courts. Camil rejected all allegations of wrongdoing in a conversation with ICIJ.

File details

Camil Garza was linked at least two HSBC accounts. One, under the name “Letona Anstalt”, was opened in 2000 and closed in 2001. The other, of which he had beneficial ownership, was a numbered account named “18075TC”, opened in 1994 and closed in 2002. The legal persons linked to Garza’s profile had addresses in Liechtenstein and the British Virgin Islands.

* * *

Johnson Nduya Muthama, Senator and mining executive

Senator Johnson Nduya Muthama was elected in 2013 to represent Machakos County. Previously, he had represented the Kangundo Constituency in the National Assembly of Kenya from 2008 to 2012. A graduate of the Gemological Institute of America, Muthama is a wealthy gemstones magnate. He is the executive chairman of Muthama Gemstones (Kenya) Ltd., a society that operates internationally dealing with mines and precious stones. He was also founder of the Kenya Gemstone Dealers Association.

File details

HSBC files recorded Muthama’s name in connection with the client account “ROCKLAND96”, which was set up in 1996 and closed in 2000. Muthama was also linked to the numbered client account “20443NM” over the same period. Bank files listed eight of his relatives – named Nduya Muthama – also linked to the numbered account. The leaked files do not specify the exact role that he had in relation to the accounts.

* * *

Joseph Paul Fok,  Judge

Fok graduated in law from University College London in 1984 and was in private practice in Hong Kong from 1987 until he became a judge of the Court of First Instance in 2010. The following year he was designated justice of appeal of the Court of Appeal of the High Court. In 2013, Fok was appointed as a permanent judge of the Court of Final Appeal, Hong Kong’s top tribunal.

File details

Fok and his wife were clients of HSBC between 2000 and 2002, when their common client account was closed. They were both beneficial owners of the numbered account “32008LJ”. – His wife was further beneficial owner of a second numbered client account – 31993JG-, also closed in 2002.

* * *

Kerry Packer, Media magnate

Packer was, until his death in 2005, one of Australia’s biggest media tycoons and one of its richest citizens. Outside Australia, he was best known for founding World Series Cricket in 1977 after he failed to win broadcasting rights from the Australian Cricket Board.

File details

Listed as a “press magnate and owner of a newspaper business,” Packer was client of HSBC.He was beneficial owner of a client account under the name of “C.P. International Management Services Limited,” set up in 1994, closed in 2000 and linked to Packer’s Consolidated Press media empire

* * *

King Abdullah II ben al-Hussein, Jordan’s monarch

King Abdullah II ben al Hussein, the fourth Hashemite Monarch of Jordan, assumed the throne in 1999 upon the death of his father King Hussein. According to the monarch’s official website, he is a “41st-generation direct descendant of the Prophet Mohammad.” Jordan’s king is usually described as a Western ally in the Middle East and as including political liberalization and modernization of Jordan in his agenda. “The monarchy is going to change. When my son becomes of age and becomes king, the system will be stabilized and … it will be a Western democracy with a constitutional monarchy,” King Abdullah II told The Atlantic‘s Jeffrey Goldberg in March 2013.

File details

Jordan’s King Abdullah II became an HSBC client in 2006. Abdullah II was connected to a client account created in 2004 under the name of a senior palace official. Three bank accounts were linked to it. The maximum amount in the account in 2006/2007 was $41.8 million. The leaked files do not specify the exact role that King Abdullah II had in relation to the account.

* * *

King Mohammed VI, King of Morocco

Mohammed VI assumed the throne in 1999 after the death of his father, King Hassan II. He is Morocco’s leading businessman and banker, and the royal family dynasty is the largest private stakeholder in the country’s economy. Forbes reported in 2014 that Mohammed VI is Africa’s wealthiest monarch and among Africa’s richest persons, with a fortune estimated at $2.1 billion.

File details

Mohammed VI became an HSBC client in 2006. According to the bank’s internal files, Morocco’s King was linked to numbered client account “45500MK” served by five bank accounts that together held as much as $9.1 million in 2006/2007. Other family members were also HSBC clients. The leaked files do not specify the exact role that Mohammed VI had in relation to the account.

* * *

Lavrentis Lavrentiadis, Entrepreneur

It was 1990 when Lavrentis Lavrentiadis took the wheel of Neochimiki, the chemical production company he inherited from his father. At that time he was 18, and his corporation employed 24 people. Two decades later Lavrentiadis’ companies — not only Neochimiki, but also Alapis (then the biggest pharmaceutical company in Greece) and Proton Bank among many others — were estimated to employ almost 35,000 people. In 2012 he was accused of lending himself and his associates nearly €600 million ($760 million) through Proton Bank. An audit by the Bank of Greece found that more than 40 percent of Proton's commercial loans in 2010 were made to companies related to Lavrentiadis. He was also accused of fraud, money laundering and membership in a criminal gang. Lavrentiadis was kept in custody for 18 months and was later released under restrictive orders. He — and 42 more defendants in the Proton Bank case — are scheduled to stand trial on March 23, 2015.

File details

Lavrentiadis became an HSBC client in October 1998. He was connected to seven client accounts, all opened between 1998 and 2002 and later closed. Two of them were numbered accounts, “28132KD” and “SARGOS84.” The other five had company names. The seven accounts linked Lavrentiadis to at least 12 bank accounts that together held as much as $4.6 million. The leaked files do not specify the exact role that he had in relation to the accounts.

* * *

Marat Safin, Politician and former tennis player

Safin, who retired from tennis in 2009, briefly reached the top world ranking for singles in late 2000. Among his 15 single titles, he won a couple of Grand Slam tournaments: the 2000 U.S. Open and the 2005 Australian Open. In December 2011, Safin was elected to the Russian Parliament as a member of Vladimir Putin's United Russia Party, representing the Nizhny Novgorod region.

File details

Throughout his tennis career, Safin was a resident of Monaco, a tax haven. HSBC files show he became a client of the bank in 2005. He was linked to numbered client account “44344 DS” that listed three bank accounts. Together they held as much as $4.87 million in 2006/2007. The leaked files do not specify the exact role that Safin had in relation to the account.

* * *

Philip (Phil) David Charles Collins, Singer, musician

Phil Collins is a British singer, songwriter and musician who rose to fame in the 1970s and 1980s as the voice and leader of British pop and rock music group Genesis. As a composer and drummer he has collaborated with, among others, George Harrison, Paul McCartney, Eric Clapton and Peter Gabriel, whom he succeeded as lead singer of Genesis in 1975. He is the recipient of seven Grammy Awards, one Academy Award and two Golden Globes.

File details

Phil Collins was the part beneficial owner of a profile account at HSBC that bore his name and which was opened in 2000. Seven bank accounts were listed under Collins' shared account, for which the maximum amount in 2006/2007 was $272,191.

* * *

Prince Bandar bin Sultan bin Abdul Aziz Al Saud, Diplomat

Prince Bandar bin Sultan is a member of the House of Saud and was Saudi Arabia's ambassador to the United States from 1983 to 2005. Since 2005, he has been secretary general of the Saudi National Security Council. In addition, he was director of the Saudi Intelligence Agency from 2012 to 2014. In July 2014, he was designated as King Abdullah's advisor and special envoy. Prince Bandar negotiated, together with Margaret Thatcher, the 1985 Al Yamamah deal, a massive arms sale by the United Kingdom to Saudi Arabia worth $80 billion. Arms manufacturer BAE Systems (formerly British Aerospace) has been accused of funneling secret disbursements into a couple of Saudi embassy accounts in Washington over several years. In 2007 the BBC's investigative program Panorama reported that BAE Systems “paid hundreds of millions of pounds to the ex-Saudi ambassador to the U.S."

File details

HSBC records show Prince Bandar, became an HSBC client in June 1999. He was connected to four client accounts. He was the beneficial owner of one named “Kafinvest Operating Limited” opened in 2005. The client account listed three bank accounts that together held as much as $15.6 million in 2006/2007. Of the other three client accounts, two were closed in 2000 and the third reported a balance of zero.

* * *

Rachid Mohamed Rachid, Minister of Trade and Industry and corporate executive

Rachid Mohamed Rachid was appointed Egypt’s minister of trade and industry in 2004. He kept his post until he fled Cairo shortly after the uprising that ousted President Hosni Mubarak began in early 2011. Before entering the cabinet, he played prominent corporate roles in international business. Rachid served as president of Unilever for North Africa, the Middle East, and Turkey and was a member of the board of directors of HSBC Egypt. In three trials held in Egypt during 2011 and 2014, the former minister was convicted in absentia and sentenced to a total of 35 years in prison and ordered to pay at least $330 million for illegal profiteering and squandering public funds. According to an Egyptian media report, local authorities are “investigating Rachid’s accounts since he fled the country and have reportedly sought Interpol intervention in apprehending both him and his daughter abroad.” In 2013, Rachid settled two other corruption charges by paying a fine of around $2.2 million to Egyptian authorities.

File details

Listed as “President of Unilever for MENA + Turkey,” Rachid Mohamed Rachid became an HSBC client in 2003. He was beneficial owner of a client account under the name “Lexington Investments Limited” that listed 10 bank accounts. Together they held as much as $31 million in 2006/2007.

* * *

Ralph Sonnenberg, Manufacturing executive

Ralph Sonnenberg is Chairman and CEO of the Hunter Douglas Group, a Dutch multinational that manufactures window coverings and architectural products. He has been CEO since 1971. In 2010 Ralph Sonnenberg was the fifth richest man in the Netherlands. His fortune is estimated at $1.6 billion.

File details

Ralph Sonnenberg became an HSBC client in 1996. He was linked to a client account bearing his name, formerly numbered account “5562” until 2000. The account held as much as $13.3 million in 2006/2007 and listed 10 bank accounts. Sonnenberg was registered as “without profession (manage the fortune of the family)” in the HSBC leaked files. The leaked files do not specify the exact role that he had in relation to the account. Hunter Douglas of which he is CEO also had a client account under the name “Hunter Douglas International N.V.” that held as much as $3.3 million in 2006/2007.

* * *

Roger Boka, Tobacco magnate

Roger Boka, who died in 1999, owned one of Africa’s biggest tobacco trading floors. Boka was “the first black Zimbabwean to own a private plane and drive a Rolls Royce” and one of the first black Zimbabweans to own a bank. At the time of his death, “Boka was wanted for questioning over the alleged illegal transfer abroad of $25 million from his collapsed United Merchant Bank,” according to the Associated Press, which also described him as “a leading African black empowerment advocate.”

File details

Boka was an HSBC client and was linked to a client account under his name. HSBC files list him as president of Boka Group that dealt with financial services, gold mining and tobacco export. The leaked files do not specify the exact role that he had in relation to the account.

* * *

Salman bin Hamad Al-Khalifa, Bahrain’s Crown Prince

In 1999, Salman bin Hamad Al-Khalifa was sworn in as crown prince and appointed Bahrain’s Defense Force commander-in-chief. He was designated deputy prime minister in 2013 by his father King Hamad.

File details

HSBC internal records list Prince Salman as client since 2001. HSBC files show that he was beneficial owner of two client accounts: “Vision Macro Fund Ltd.” of which he had an 11 percent stake and “Vision Arbitrage Fund Ltd.” of which he had a 9 percent stake. The two client accounts linked him to at least 10 bank accounts that together held as much as $20.9 million in 2006/2007. Of this, his balance was of $2.2 million.

* * *

Sultan Qaboos Bin Said, Sultan of Oman

Sultan Qaboos bin Said succeeded his father, Said bin Taimur, after removing him from power in a nearly bloodless coup in 1970. According to The Economist, the sultan “has ruled the Gulf state as an absolute monarch, albeit a benevolent one who has both unified and modernized Oman.” Sultan Qaboos, in his mid-70s, officially keeps Oman neutral, having contacts with almost every country, including Iran, while allied with the West. Oman supported the United States during the 1991 Gulf War and the 2003 Iraq invasion. Among his many properties, Sultan Qaboos is the owner of at least five super yachts.

File details

Sultan Qaboos became an HSBC client in 1974. He was linked to four client accounts that listed 10 bank accounts. Together they held as much as $44.6 million in 2006/2007. Of the four client accounts, two had his name, one was a numbered account, and the other one was under the name of “The Yacht Squadron Oman Limited” of which he was beneficial owner. The leaked files do not specify the exact role that Sultan Qaboos had in relation to the other three accounts.

* * *

Sultanah Kalsom, Wife of Malaysian royalty

Sultanah Kalsom, 63, is the second wife of Malaysian royalty, Sultan Haji Ahmad Shah Al-Musta’in Billah Ibni Al-Marhum Sultan Abu Bakar Ri’ayatuddin Al-Mu’adzam Shah. Kalsom became the Sultanah, wife of the sultan of Pahang, one of Malaysia’s nine hereditary states, in 1992 . Sultanah Kalsom is involved in charitable activities across Malaysia, including those combating domestic violence and promoting childhood development and female empowerment. Sultanah Kalsom is also the patron of a “Tiger Ball” that raises money for protecting endangered tigers across Asia.

File details

Sultanah Kalsom, listed by HSBC as a “housewife,” was connected to a numbered client account under the name “3678TE” from September 1994 to November 1997. The leaked files do not specify the exact role that she had in relation to the account.

* * *

The Flick Family, Industrialists, FCF: art collector

The Flick family is a German family which formerly held shares in many German industrial companies, including coal and steel producers and the car manufacturer Daimler. In 1947 Friedrich Flick was convicted of war crimes at an Allied war tribunal and spent three years in prison. In 1983 it was revealed that the family had bribed politicians to reduce its taxes, and, two years later, Flick's son Friedrich Karl Flick sold the majority of the holdings to Deutsche Bank for a reported $2.5 billion. Friedrich Karl Flick died in 2006. His fortune was estimated at $8.6 billion at the time. His nephew, Friedrich Christian Flick, Friedrick Flick’s grandson, is an art collector with German-Swiss nationality.

File details

Friedrich Christian Flick, grandson of Friedrich Flick who built the family fortune, was listed as beneficial owner of three client accounts with HSBC under the names of “Fakir Anstalt” reported as closed in 2004, “Mexiko Investment Ltd” and “Jakita Corporation”. Together they listed 14 different bank accounts that held as much as $87 million in 2006/2007. Barbara Flick, another member of the family, was also listed at one point as beneficial owner of the three client accounts.

* * *

Timur Kuanyshev, Oil tycoon

Kuanyshev has made investments in Kazakhstan, Russia and worldwide, especially in the energy sector, but also in construction, agriculture and consumer goods. In 1993, customs officials at the Moscow Domodedovo airport detained four citizens of Kazakhstan, including Timur Kuanyshey and his wife, who were accused of illegally concealing $1 million in cash in their underwear but who were never charged. Kuanyshey and his wife Alfiya are patrons of Prince Charles’ Foundation for Children & the Arts and supporters of the London Royal Opera House. They were invited to the wedding of Prince William and Kate Middleton in 2011.

File details

Kuanyshev became client of HSBC in 2004. He was beneficial owner of two client accounts served by 12 bank accounts. Together they held as much as $10.2 million in 2006/2007. Kuanyshev was also linked to the numbered client account “34231 AMV” for which the maximum amount in 2006/2007 was $2.079 million. His wife, Alfiya Kuanysheva was beneficial owner of at least one of the accounts.

* * *

Valentino Garavani, Fashion designer

Internationally known by his first name, Valentino was the favorite designer of many of the world's most famous women. For example, he designed the dress that Jacqueline Kennedy wore when she married Aristotle Onassis. He retired from the fashion catwalks in 2008 after 45 years in fashion.

File details

Valentino became client of HSBC in 2000. The leaked files revealed the Italian designer was connected to at least nine bank accounts through a numbered client account labelled “3326 CR,” created in 2001, that held as much as $108.4 million in 2006/2007. He was listed as “Attorney A” and “beneficial owner” of the account. Garavani was part beneficial owner of two other client accounts opened in 2000 and closed in 2004: Dibag Fashion Developments NV Rub VG and Dibag Fashion Developments NV Rub GG.

* * *

Valentino Rossi, Professional motorcycle rider

Rossi is a multiple MotoGP World Champion. He is one of the most successful motorcyclists ever, with nine Grand Prix World Championships. In 2007, Italian authorities investigated Rossi for suspected tax evasion based on his decision to live in London in 2000. In 2008, Rossi and the tax authorities said they had reached an agreement to settle the case, requiring the motorcyclist to pay €19 million ($27.6 million).
File details

Valentino Rossi became client of HSBC in 2003. He held a client account named “Kikiki 62” that listed two bank accounts. Together they held as much as $23.9 million in 2006/2007.

* * *

Needless to say, for those whose names appear above, or in the yet undisclosed remainder of some 100,000 clients of HSBC, first of all our condolences, and second: prepare for some rather extensive tax audits in your native country. That, or worse.

So are you on the list? Find out with the help of the database search tool below:

 

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Mon, 02/09/2015 - 11:02 | 5761788 mantrid
mantrid's picture

Jack Blum: Under U.S. law, any bank that does that, that assists a U.S. person in evading U.S. tax is guilty of a felony. And it doesn't matter where the bank is located or where the bankers are located.

 

because US law applies to everyone everywhere on the planet. borders mean nothing to the empire.

the question is why has this surfaced now? why brought to attention now while it has been known for long?

is it because of the losses Wall Street and elites cached when SNB dumped the peg without warning?

 

 

Mon, 02/09/2015 - 11:15 | 5761840 agent default
agent default's picture

It is certainly a very old story.  My guess something serious is going down with Grexit, Russia roaring in the East, the world dumping the dollar, collapse closing in on so many fronts, that some sort of a distraction is needed.

Mon, 02/09/2015 - 11:19 | 5761862 max2205
max2205's picture

Not true

Ask 100 thousand federal employees who owe millions 

And little Timmy gietner 

Mon, 02/09/2015 - 11:02 | 5761792 studfinder
studfinder's picture

Leave Phil Collins alone.  Sussudio

Mon, 02/09/2015 - 11:44 | 5761958 Monetas
Monetas's picture

Se suicidio ?

Mon, 02/09/2015 - 11:03 | 5761793 pndr4495
pndr4495's picture

The people on that list lightened their own tax load and thereby made others' tax loads greater.  It's pretty simple - that is wrong.  Most people when they need a lifejacket won't like it very much if they are thrown an anchor.  So , what's to be done ?  More than likely , nothing - STATUS QUO - which is wrong as well.

Mon, 02/09/2015 - 11:18 | 5761859 agent default
agent default's picture

I have  a simple plan that will change this.  Lower taxes. Also, if you are on the government payroll, or in any other way you are (net) financed by the government you don't get to vote.  No taxation without representation->and no representation without taxation.  That way you don't get to vote for moar government handouts and send the bill to those who work for a living.

Mon, 02/09/2015 - 11:41 | 5761945 Monetas
Monetas's picture

Are you saying .... illegal aliens .... who cheat on their taxes .... shouldn't vote ?

Mon, 02/09/2015 - 11:57 | 5762006 agent default
agent default's picture

Yes, illegal aliens, civil servants, welfare and other handout recipients who live off the government, DO NOT GET TO HAVE AN OPINION ABOUT HOW MUCH THEY SHOULD COST ME.

Tue, 02/10/2015 - 00:43 | 5765086 Charming Anarchist
Charming Anarchist's picture

As long as the state is inflating the money supply, it does not matter how you change the tax laws.  You wil pay through rising prices and the state will keep printng more. 

I do not believe anybody should be voting, by the way. 

Mon, 02/09/2015 - 12:58 | 5762338 mtl4
mtl4's picture

No taxation without representation sounds great and I fully agree with it in principle, but the reality is any US expat has been living with .gov operating in Ulta Vires for quite some time now.  I think you'll see even more of it as time goes on because big government expands its profiteering just like a buisness and they have every reason to continue expansion until they are no longer able for whatever reason (none are pretty scenarios).

Mon, 02/09/2015 - 16:51 | 5763533 Bemused Observer
Bemused Observer's picture

That's just feel-good bullshit. In the current system, everyone is "on the government payroll", whether directly or not. The employees of all those 'private companies' that do business with the US are as dependent on government for their livelihoods as those EBT card holders, because those contracts are paid for with MY tax dollars too.

Mon, 02/09/2015 - 11:04 | 5761795 Ban KKiller
Ban KKiller's picture

Boo-fucking-hoo. Again, greed, is the driver. Banks will gladly drive for you...you know, "let's take a ride" kind. 

There are no banks worthy of trust. Nor accountants. Nor governments. Situation normal. 

Hope none of these nice, rich folks talk their banker into suicide. I mean, "suicide". 

Mon, 02/09/2015 - 11:07 | 5761807 What is The Hedge
What is The Hedge's picture

Worry about audits from governments? I'd worry about audits from ex-spouses!

Mon, 02/09/2015 - 11:11 | 5761827 the6thBook
the6thBook's picture

See too many of Obama's buddies on the list.  They won't get audited.  Koch brothers, I am sure will be audited.

Mon, 02/09/2015 - 11:13 | 5761832 GoldSilverBitcoinBug
GoldSilverBitcoinBug's picture

Move to Russia:

No Death Taxes, 13 % Individual, 20% Business flat, all amount...

Can have exemption to 0% (especially on capital gain tax who is normally 9%).

Mon, 02/09/2015 - 11:24 | 5761887 Monetas
Monetas's picture

There are a thousand ways to tax free enterprise .... the "Original Sin" .... for the Leftist Imams !

Mon, 02/09/2015 - 11:28 | 5761910 fxpmtrader
fxpmtrader's picture

Wait a moment - Russia will eventually come to you.

Mon, 02/09/2015 - 12:40 | 5762234 redux2redux
redux2redux's picture

Ukraine tourist poster:

Visit Russia, before they visit you.

Mon, 02/09/2015 - 14:13 | 5762674 HowdyDoody
HowdyDoody's picture

The poster should say

 

Visit Russia now, before the Ukrainian government slaughters you.

 

Thousands of Ukrainian males are visiting Russia now. They do anything to avoid being called up to be slaughtered for the benefit of corrupt Zionist oligarchs. Russia has even said it will exempt Ukrainne males of military service age from normal short term immigration requirements.

 

Mon, 02/09/2015 - 11:16 | 5761845 F.A. Hayek
F.A. Hayek's picture

The names here are too high profile. If they were littler fish, I'd advise them to watch their backs so they don't end up getting suicided.

Mon, 02/09/2015 - 11:16 | 5761846 samsara
samsara's picture

Philip (Phil) David Charles Collins, Singer, musician

 

"I can Feel it in the Air tonght...."

Mon, 02/09/2015 - 11:18 | 5761857 swass
swass's picture

Wonder if certain Democrats might be on the undisclosed part of the list....... Clin <cough> ton.

Mon, 02/09/2015 - 11:18 | 5761858 ak_khanna
ak_khanna's picture

Hacked HSBC data which reveals Swiss bank holders has many government officials rushing to damage control as most of the tax thieves are politically connected around the world and the governments will go all out to shield them.

http://www.marketoracle.co.uk/Article40231.html

Mon, 02/09/2015 - 11:20 | 5761869 Monetas
Monetas's picture

Where's Al "Tax Cheat" Sharpton .... did he get an EOC pass .... part of the "Stealth Reparations" deal ?

Mon, 02/09/2015 - 11:25 | 5761890 I woke up
I woke up's picture

Rossi is one hell of a MotoGP racer

Mon, 02/09/2015 - 11:40 | 5761943 Duc888
Duc888's picture

Yup, cast iron ballz.

Mon, 02/09/2015 - 11:27 | 5761897 fxpmtrader
fxpmtrader's picture

I doubt that anyone of these smart guys will ever go to jail. They will pay a fair penalty and then sue HBSC.

Which of cause will be bailed out by the sheeple.

Mon, 02/09/2015 - 11:27 | 5761899 rejected
rejected's picture

Taxes,,, the most insidious of all thievery where today the plebes consider it a patriotic duty to be a victim.  

Mon, 02/09/2015 - 11:41 | 5761948 wisefool
wisefool's picture

Can't these folks just go "all in" and apply for jobs at the IRS? It's called pulling a "timmah" The sentate gives you a stern look and/or written warning, then volla! you are now confirmed to earn your pardon by putting other people in IRS limbo.

In a nation ruled by laws and starie decisis it is the only fair thing to do.

Mon, 02/09/2015 - 12:02 | 5761959 Urban Redneck
Urban Redneck's picture

Is this the best these ass clowns can do?

Disclosure of personal bank details is a crime in many jurisdictions, not just Switzerland, and what public good is served by what they have disclosed?

1) The amounts are trivial.  Even they (ICIJ) cited some obscene (and fictitious) multi-trillion dollar figure a while back.

2) They cannot even fully characterize the connection between the named individual and the account.

3) They provide no evidence of any crime, in any example. 

4) If this about FATCA and de facto US hegemony - HOW THE FUCK are monarchs of foreign sovereign countries relevant?  They aren't US citizens or residents, and thius not liable for taxes to the IRS.

These "journalists" should either PUT UP or PAY UP - and their own pensions and children's college funds should not immune if they fail to put up.  After all "shielding assets" is unethical.

 

Mon, 02/09/2015 - 12:09 | 5762085 thamnosma
thamnosma's picture

Just more neo-marxist propaganda and fronting for govenrmental criminals who think all private wealth is theirs for the taking.

Mon, 02/09/2015 - 11:47 | 5761973 European American
European American's picture

#46, "The Doctor"?

Mon, 02/09/2015 - 11:49 | 5761982 Monetas
Monetas's picture

I Socialist economies you are forbidden to make money .... in Faux Capitalist Leftist economies (US) .... you are not permitted to keep your winnings .... same shit .... different toilet !

Mon, 02/09/2015 - 11:51 | 5761986 Divine Wind
Divine Wind's picture

 

 

 

New IRS Rap Song:

 

Swiss-a-Land - There's Gold in Dem Dar Hills

Mon, 02/09/2015 - 11:53 | 5761995 brucyy
brucyy's picture

This is a joke.

Anyone with the means and the brainz can avoid taxes using the existing tax loops or get congress to create one. That's what corporatism is here for.

This list is BS 

 

Mon, 02/09/2015 - 12:56 | 5762329 Uncle Remus
Uncle Remus's picture

No doubt.

Mon, 02/09/2015 - 11:53 | 5761996 brucyy
brucyy's picture

.

Mon, 02/09/2015 - 11:55 | 5762003 LostAtSea
LostAtSea's picture

a few more billion to tax....that ought to keep the social ponzi scheme running a few more months.

Mon, 02/09/2015 - 12:07 | 5762068 thamnosma
thamnosma's picture

That's about it, but they are getting desperate.  And  this is about money on deposit years ago, LOL.

Mon, 02/09/2015 - 14:04 | 5762619 Canuckistan Al
Canuckistan Al's picture

Meh............... tax revenues are so 1980's. Why bother with the taxation overhead when you can just print your way to solvency.

More theatre meant to distract the 99.99% ers

Mon, 02/09/2015 - 11:59 | 5762032 thamnosma
thamnosma's picture

This is a bullshit story created for pure salacious enjoyment and for "outing" some rich people.  An envy article.  First, 100 billion is a drop in the bucket compasred to the massive theft of the investment banks and the governments who want to get their hands on every bit of private wealth in the world.   Obola's budget calls for $4 TRILLION in spending for one year.  Second, if I had the money at this level I would also do my damnedest to not give half of it to thieving marxists in Washington or the EU.  I don't blame them one bit.   The only value such info has is to actually nab government officials who have siphoned off public funds into their private accounts.  That would be a campaign worth conducting but will never be -- nobody really running the show will permit themselves to be exposed. 

This is just marxist envy and ends up smearing people like Helmut Newton (who did awesome nude photography for his career) who had $35,000 in an HSBC numbered account, or Phil Collins who had all of $275,000 in his.   Jesus fucking christ, ZH.

Mon, 02/09/2015 - 12:03 | 5762052 zeropain
zeropain's picture

rome does not fall in one day.  and all who worship money are corruptable.

Mon, 02/09/2015 - 12:11 | 5762066 LostAtSea
LostAtSea's picture

yea, seems people on here are 'giddy' about seeing some rich people caught by the government and getting taxed and penalized. So, some people did a tax revolt by not paying into a system they didn't believe in, and ZH wants to see them  crucified? WTF?

Mon, 02/09/2015 - 12:13 | 5762095 thamnosma
thamnosma's picture

Perusing the list, the only red flag I even considered real was the Venezuelan Treasury account -- was that being used by the great Chavezista heroes to steal public money or just a legitimate government account?   Again, that's the sort of thing worth investigating but not for grabbing tax receipts.   Mexican presidents have done that sort of thing in the past as well.

Mon, 02/09/2015 - 12:34 | 5762038 zeropain
zeropain's picture

wonder if there are any congressmen on the list?

Mon, 02/09/2015 - 12:09 | 5762050 ThisIsBob
ThisIsBob's picture

There is essentially no privacy or security with digital data and communications.  Never will be.

The Luddites are vindicated. 

Mon, 02/09/2015 - 12:12 | 5762094 cheech_wizard
cheech_wizard's picture

EMP's bitchez... You fund me, I'll damn well figure out a way to make it portable.

 

Mon, 02/09/2015 - 12:08 | 5762082 ekm1
ekm1's picture

Bank lobby losing

 

Military Industrial Complex winning

 

That simple

Tue, 02/10/2015 - 00:17 | 5765024 TeethVillage88s
TeethVillage88s's picture

Still no insight provided by you?

$1 Trillion for Education (state & federal funding)
$1 Trillion for MEDICARE/MEDICAID
$1 Trillion for Social Security
$1 Trillion for MIC Security Industry

8 Beautitudes.

War is Democracy.
Democracy is War.
War is Peace.
Peace is War.
We are gods chosen people.
Financial Engineering is gods gift.
Fiat is god given.
Manifest Destiny for USA.

This is Irony. Sorry if I offended anyone who is Religious.

--

Damaged Feedback Loop. Politicians like to talk about spreading confidence about the currency, country, state, and our communities. One of our Founding Fathers said something to the effect that it was better to spread around confidence than to spread around Fiat. Madison?

The Parents that run our country for us keep spreading lies, and private corporations & foundations keep our nations secrets.

How can we have citizenship when government officials lie to us about the cost of living increases and prices going up. How do we act as Informed Citizens, Responsible Voters, if we have crap info. Even Civilian Deaths in Iraq & True Military Spending as a result of the Afghanistan & Iraqi war and the 400 plus camps around the world. Was it over 700 bases?

- Damaged Feedback Loop
- Orwellian Circus
- Fake Inflation Rate, Fake Unemployment numbers, Fake GDP Numbers
- They don't even tell us how much Fiat has been Created, where the most was Created, and how much Wall Street banking is responsible for Creating & Where they Invested that money
- Money Velocity? They don't even mention it any more

Propaganda means controlling the Information, controlling the Narrative, Damaging the Feedback loop in the Press, in government, in all Leadership (like Nazi Germany). Worst trick in Propaganda is treating us like Frogs, slowing changing our Free Enterprise, Free Market System, allowing big money & Big Corporations to Control Legislation, Control the Military, and CON-Troll War.

Yes, we are boiling frogs. CON-Gress gave up War Powers, Legislative Powers & Budget Powers... it is a Non-Stop Party in Washington DC.

The Federal Government now serves as Royalty in all Things. In fact many WASPS & Catholics like the Image of having the biggest house, most expensive Cars and making big decisions for the Community or State. Everyone can enjoy the Vicarious Image of Royalty.

And that is what we have. The 1% think they are Royalty and that they must make the big decisions for all of the USA.

- Damaged Feedback Loop, Damaged Citizenship
- Propaganda has always been the tool of US Government
- We are Boiling Frogs, the heat & debt slowly at first, now growing exponentially
- The 1% Are Royalty in their minds & in Deeds
- Federal Government has gone Full Retard
- Your Family Savings, Legacy, & Retirement is in Jeopardy

Well really it is just the manhood of our young boys and men that are at stake. They have limited futures, have limited corporate careers ahead, and very expensive health care, education, and housing in front of them, debt servants all with no freedom to stand as men, be individuals, have freedom, and understand self actualization.

Mon, 02/09/2015 - 12:15 | 5762111 MrBoompi
MrBoompi's picture

Good luck trying to figure out where people like the Rothschilds or Bushes hide their money.  People who sniff around their dirty business better know how to keep a low profile.

Mon, 02/09/2015 - 13:32 | 5762456 zeropain
zeropain's picture

when your big enough you don't need to hide you make the rules.  but when you make your own rules the plebs loose faith in the game.  faith keeps the game going, without faith the game ends.

Mon, 02/09/2015 - 12:15 | 5762112 MrBoompi
MrBoompi's picture

Good luck trying to figure out where people like the Rothschilds or Bushes hide their money.  People who sniff around their dirty business better know how to keep a low profile.

Mon, 02/09/2015 - 12:17 | 5762120 Monty Burns
Monty Burns's picture

What immediately struck me was the dearth of Anglo-Saxon names in there.  Are they more honest...or just poorer?

Mon, 02/09/2015 - 12:22 | 5762148 Joe A
Joe A's picture

Some small fish will get sacrificed. The big fish will escape. And he whistle blower will suffer a strange accident involving either a staplegun, a rope, a gun without fingerprints and a big building or all of them combined.

Mon, 02/09/2015 - 12:23 | 5762154 Panic Mode
Panic Mode's picture

Get the politicans & bankers, not the weathly arses who dodge the tax. Bankers & politicans use them as human shield.

Mon, 02/09/2015 - 16:35 | 5762220 permarig
permarig's picture

Noticed that some of the early MSM articles tilted the story slightly towards Russian oligarchs.

And then, here you have two dead friends of Bill Browder the tireless exposer Russian mafia-state corruption and arch enemy of Putin next to each other.

The Hermitage Fund was founded by Edmond Safra and Bill in 1996. Also in '96, at the World Economic Forum, the 'Davos Pact' has been established to help the reelection of Yeltsin. Berezowski, who "hanged himself" in 2013, was at the center of this. Hermitage became very successful in the Russian investment biz, "has been ranked the World’s Best Performing Emerging Markets Fund over the 1996-2001 five-year period by Nelsons."

Safra has been linked to Iran-Contra and to the divertion of a IMF credit for Russia through Switzerland in 1998. So it isn't that far-fetched to just assume, he had connections to intelligence agencies.

Safra sold his stake in Hermitage to HSBC in 1999.
Safra's Republic National Bank of NY was sold to HSBC after his death.
HSBC shut down the Russian Hermitage Fund in 2013.

Edouard Stern was married into the Lazard family until 1998. Mentioned him in a previous comment towards the end in the Greece-Lazard thread.

http://www.zerohedge.com/news/2015-02-04/meet-man-behind-scenes-pro-mark...

Not to pick on Bill, really, but from what I gather he's very much into these sanction things. Apparently, he also has powerful friends. Having as much motivation and means as he has, makes him a bit suspect of being one of those who're pushing for policies that are hurting the European economy, while at the same time also being able to exploit capital movements for profits caused by this (e.g. EURUSD).

Mon, 02/09/2015 - 16:37 | 5763465 permarig
permarig's picture

Extra post for all those Zio fans on here.

Former Russian oligarch and media magnate Vladimir Gusinsky is another key member of the Davos pact. Media support was instrumental in Yeltsin's reelection.

But as things turned somewhat, in 2000, he became a target for Russian law enforcement. He left Russia for Spain, but got arrested there too due to a Interpol warrant.

According to Spanish paper El Pais, Gusinsky told the policemen:

"You are making a big mistake. You don't know who I am, I'm a friend of Bill Clinton's". Ulitmately, he got released after bail of $5.5 million.

In 2001, still Russian and Israeli dual citizen at the time, Gusinsky left Spain for a self-imposed exile in Israel by jet from the British territory of Gibraltar.

In 2003, Gusinsky was Arrested once again in Athens under a Greek-Russian treaty, but got released due to "Intense pressure from American leaders (mainly from US ambassador in Athens Tomas Miller), Israeli officials and the European Jewish Congress" on the Greek government.

In 2004, "the European Court of Human Rights has ruled that the actions
taken against Gusinski by the Russian government were in breach of Sections 5
and 18 of the Convention for the Protection of Human Rights and Fundamental
Freedoms".

By the way, Bill Browder has worked for British media magnate Robert Maxwell earlier in his carreer.

Mon, 02/09/2015 - 12:47 | 5762280 str8face
str8face's picture

Holy smokes!

Mon, 02/09/2015 - 12:50 | 5762296 SmittyinLA
SmittyinLA's picture

DAT guy sold the feds those same 5 disks, the feds turned around and used those disks for soliciting "political donations".

I believe that Westfield mall guy was on the list.

So where did the rick folk transfer their loot?

This is old news , from 2005 wtf?

Mon, 02/09/2015 - 12:55 | 5762319 dirty belly
dirty belly's picture
Michael Jeffery (manager) Jimi Hendrix

When Chas Chandler decided to move into management himself and signed Jimi Hendrix, he needed financial support to launch The Experience and so went into partnership with his old manager, with very mixed feelings. Hence Jeffrey became co-manager of The Jimi Hendrix Experience, taking care of business while Chandler produced.[3]

Jeffery has received almost unanimous criticism from biographers of Hendrix. Several have alleged that Jeffery siphoned off much of Hendrix's income and channeled it into off-shore bank accounts. When Experience bassist Noel Redding inquired as to where Jeffery was going with briefcases of the band's money, he was asked to leave.

In October 2006 a $15 million auction took place of items of Michael Jeffery's estate including the rights to many of Jimi Hendrix's hits including "Purple Haze" and "Voodoo Child (Slight Return)". Experience Hendrix, a company formed and owned by Hendrix's family, have said they will prove they own the titles to these songs and that they intend to sue.[4]

Source: http://en.wikipedia.org/wiki/Michael_Jeffery_%28manager%29

Mon, 02/09/2015 - 13:08 | 5762375 steveharless
steveharless's picture

Looks Like the beginning of the End of the CABAL!

Mon, 02/09/2015 - 13:15 | 5762396 diana_in_spain
diana_in_spain's picture

H.O.P.E. = Hackers On Planet Earth

Mon, 02/09/2015 - 13:15 | 5762397 diana_in_spain
diana_in_spain's picture

H.O.P.E. = Hackers On Planet Earth

Mon, 02/09/2015 - 13:15 | 5762399 diana_in_spain
diana_in_spain's picture

H.O.P.E. = Hackers On Planet Earth

Mon, 02/09/2015 - 13:15 | 5762401 diana_in_spain
diana_in_spain's picture

H.O.P.E. = Hackers On Planet Earth

Mon, 02/09/2015 - 13:34 | 5762446 Urban Redneck
Urban Redneck's picture

Google Inc. is a "US Person" too, and most certainly part of the cabal, but I don't see their name anywhere...

Kerry Packer, C.P. International Management Services Limited (and even PBL) couldn't hold a torch to Rupert Mudroch and NewsCorp, yet Packer's name is there despite being dead and buried for decade, while Rupert is left unmolested to continue bribing and eavesdropping on his pet politicians while brainwashing the masses.

This isn't about the cabal.

Mon, 02/09/2015 - 13:33 | 5762461 MathWins
MathWins's picture

As an American/U.S. taxpayer, what would shock me is someone going to jail for all of this.

Mon, 02/09/2015 - 13:35 | 5762476 21MileHill
21MileHill's picture

Lots of nervous people, huge blackmail potential, they will do as they're told!

Mon, 02/09/2015 - 13:44 | 5762507 De minimus
De minimus's picture

I'd love to watch the video but I am advised that it isn't allowed in my region, which is of course the U.S., where it was made and presented?

Mon, 02/09/2015 - 14:00 | 5762591 malek
malek's picture

This doesn't pass the smell test

A non-Swiss bank is accused of shady practices or wrongdoing, and the ones the fingers get pointed at is the "Swiss banking secrecy" -

which had effectively been scrapped more than 10 years ago, when the Swiss agreed to remove their judiciary proviso before handing over banking information on foreign tax felony charges. (Because at least at that time in Switzerland tax evasion was not a felony, just a misdemeanor, and a misdemeanor didn't qualify as a data extradition reason; plus the Swiss judiciary could be called on to question shady foereign felony charges to circumvent that block.)

Mon, 02/09/2015 - 14:19 | 5762702 HowdyDoody
HowdyDoody's picture

<--- Small time tax cheats use offshore banks.

<--- Big time tax cheats own offshore banks.

 

Mon, 02/09/2015 - 14:33 | 5762784 Joebloinvestor
Joebloinvestor's picture

This is like the tax evader list that was given to Greece and a few names dissapeared.

http://greece.greekreporter.com/2015/02/09/86-names-missing-from-lagarde...

Mon, 02/09/2015 - 14:44 | 5762854 Super Hans
Super Hans's picture

How can I cash or deposit a 40K check from the proceeds of a property sale without drawing attention?  

This is my disappear and start over money.

Thanks for the advice!

 

Mon, 02/09/2015 - 15:01 | 5762916 kingstukie
kingstukie's picture

Funny no Blankfein, Rockefeller, Rothschild etc

 

With Jews you lose.

Mon, 02/09/2015 - 15:40 | 5763171 Trogdor
Trogdor's picture

Exactly ... somehow, they all manage to scuttle under the nearest rock ....

Mon, 02/09/2015 - 15:04 | 5762932 Grouchy-Bear
Grouchy-Bear's picture

Video says, "Sorry this content can not be displayed in your area!"

Hmm, my area is Russia...

Mon, 02/09/2015 - 16:24 | 5763398 In.Sip.ient
In.Sip.ient's picture

LOL  my area isn't ... and I get the same treatment... LOL

 

Mon, 02/09/2015 - 16:24 | 5763400 Setarcos
Setarcos's picture

Same in Australia, often happens.

Mon, 02/09/2015 - 18:10 | 5763834 lakecity55
lakecity55's picture

Same in Delhi.

Mon, 02/09/2015 - 15:17 | 5763023 Trogdor
Trogdor's picture

I don't remember the exact article, but a while back I read a "prediction" where toward the end, the "Deep State" would eventually throw the uber-wealthy under the bus - looks like that time may have arrived.

You'll notice there was no mention in the article of the TRULY uber-wealthy like the "Royal Family", the parasitic Rothschild family, Rockefellers, or any of their mentally-defective inbred spawn ....

Mon, 02/09/2015 - 20:20 | 5764211 LibertarianMenace
LibertarianMenace's picture

That's because the "hacker" was on their payroll.

Mon, 02/09/2015 - 16:06 | 5763296 SmittyinLA
SmittyinLA's picture

the IRS got this data in 2005, paid cash, that was a year and a half at least after the data theft giving all the perps time to move the loot.

Everybody on the list has been solicited and settled, they're now large Bush/Obama donors. 

Mon, 02/09/2015 - 16:08 | 5763310 rsnoble
rsnoble's picture

Well fuck, my name wasn't on the list.

This entire planet is corrupt and rotten to the core and then those at that top seem to think the fucking slaves need to behave.  It's hard to behave when someone is continually trying to break it off in your fucking ass.

Mon, 02/09/2015 - 16:12 | 5763340 SidKhadak
SidKhadak's picture
HSBC Bank : Secret Origins to 26/11 Mumbai Attacks

 

For years, when banks have been caught laundering drug money, they have claimed that they did not know, that they were but victims of sneaky drug dealers and a few corrupt employees. Nothing could be further from the truth. The truth is that a considerable portion of the global banking system is explicitly dedicated to handling the enormous volume of cash produced daily by dope traffickers.

 

Contrary to popular opinion, it is not “demand” from the world’s population which creates the mind destroying drug trade. Rather, it is the world financial oligarchy, looking for massive profits and the destruction of the minds of the population it is determined to dominate, which organized the drug trade. The case of HSBC underscores that point. Serving as the central bank of this global apparatus, is HSBC.

From the Far East to the Middle East to Ibero-America to India, everywhere the drug trade is flourishing, you will find HSBC. It may not handle the dope, but it does handle the money, making sure that the “citizens above suspicion” who run the empire get their cut of the proceeds.  Now HSBC has been caught red-handed laundering money in the U.S., India, China, Argentina almost everywhere the sun shined through the colonies. This is a bank which has abused us, assaulted our people, and violated the law with abandon. Isn’t it time we set an example and revoke its charter to do business here in India ?

 

HSBC Bank : Secret Origins to 26/11 Mumbai Attacks
Mon, 02/09/2015 - 16:14 | 5763349 satan2liberals
satan2liberals's picture

Being turned over to ISIS is too good for the likes of him.

Mon, 02/09/2015 - 16:26 | 5763385 _Doomsayer
_Doomsayer's picture

So fucking what. I would take my money to the swiss too, all forms of tax are our slave dues, imposed on us by corrupt, evil, overlord wannabe fucks. Hide every cent of tax revenue from these parasites.

Mon, 02/09/2015 - 16:30 | 5763424 Johnny Moscow
Johnny Moscow's picture

I just keep wondering about how crazy the US tax code really is.

US is pretty much the only developed country in the world that taxes it's citizens on income earned and invested abroad. Why are they doing this? Why should an American citizen who lives and works in say Turkey who gets paid in Turkish Lira pay any taxes in US dollars? 

Now, if you're earning USD at home in the Land of the Free and they are being taken aborad to skirt taxes through some HSBC or UBS scheme I guess I can understand. But the other scenarios is nuts. And frankly, if you literally take your investment income that you've already paid taxes on out of the US and invest abroad in some other currency Uncle Sam should not be taxing you...the domicile you are in and hold the investments in should.

 

Mon, 02/09/2015 - 20:48 | 5764308 LibertarianMenace
LibertarianMenace's picture

And those lira are backed up by, you guessed it, the FRN. USG taxation on investments abroad keeps that global demand for FRNs humming. Even if you live and work in Turkey, you're going to have to convert some of that lira to FRNs to square up with Uncle Sammy. Uncle Sammy's just a wise guy for the Fed.

Mon, 02/09/2015 - 16:33 | 5763444 Victory_Garden
Victory_Garden's picture

Suck em for every cent they have is the babylonian way. Its evil and it is out of control.

DEATH TO ALL MONEYCHANGERS!!!!

http://www.gilad.co.uk/writings/2015/2/8/in-these-very-moments-the-proto...

 

Mon, 02/09/2015 - 16:35 | 5763447 Blood Spattered...
Blood Spattered Banner's picture

"A self-described whistle-blower, Falciani provided details on the 100,000-plus accounts to French Finance Minister Christine Lagarde, now head of the International Monetary Fund. She passed details from the cache -- which came to be known as the Falciani List or Lagarde List -- to governments around the world."

Most of these people own Washington DC.  Nothing will come of this.  

Next headline:  'Lagarde List Data Mysteriously Disappears; Sources Say Data Was Likely Fabricated'.

Mon, 02/09/2015 - 16:40 | 5763479 Bemused Observer
Bemused Observer's picture

Now you watch...we'll see a trend towards these 'sweeps' that pick up a handful of mid-level "rich people"...Why?
Because TPTB have sucked the lower tiers dry, and are going for the juicier pickings a bit higher up. They have begun the process of self-consumption, the snake eating its own tail.

Mon, 02/09/2015 - 19:03 | 5763984 TeethVillage88s
TeethVillage88s's picture

You know I tried some investments for a little while. It is a total scam or SNAFU.

If you are middle class and have some money to invest, the Federal government has you 12 ways to Sunday, Short Term Capital Gains, Long Term Capital Gains... You can have unrelaized gains on paper that you have to pay taxes on, knowing that the gain is already gone (not Real). So BTW you have to have a Job with some good income in order to write off the losses on these kinds of capital gains or even sales of investments in which you lost money.

Clearly there could be some Ceilings and Floors employed by the Government. Let the Rich people pay into SS, for instance, lift the Ceiling. Then in you have less than $300K in investments in stocks, bonds or ETFs... Set the Floor so that you don't have to pay on gains that are unrealized. Or qualify this if you make $110K a year or less you have this floor where you don't have to pay unrealized gains. And what is with the Inheritance Tax? State or Federal... Let US People inherit up to $400K without a tax, Floor. If the Elites have Trust Accounts set up for Inheritance then not sure how to catch those... ceilings, floors, maximums, minimums....

Mon, 02/09/2015 - 17:30 | 5763675 motorollin
motorollin's picture

Prince Bandar bin Sultan - Bandar Bush

Yeah, like this fucker's gonna get audited.

Mon, 02/09/2015 - 17:43 | 5763727 Bemused Observer
Bemused Observer's picture

I don't know why these ultra-rich guys don't just have some fun with it...They'll pay some token amount that doesn't matter to them in the overall scheme, and it's inevitable. So why get all mad? Go into the audit with boxes of paper receipts, hand-written IOU's on cocktail napkins, and ask if you have to declare the skinny chicken you won in a raffle...

Mon, 02/09/2015 - 17:55 | 5763782 Firewood
Firewood's picture

 

"Behind every great fortune there is a crime. " Balzac

 

And now we have more names to add to the list of thieving criminal scum of the zero 1%. Glad I never paid a penny for Phil Collins crappy musak!

Dying poor is dying but dying extremely wealthy has got to be a real bitch knowing that you can't take it with you and the next generation of dimshits won't be able to hold on to it and usually just pi$$ it all away. Nothing more pathetic than a sick old rich fart on his death bed advising his gone to seed heirs to..."perpetuate the wealth....gasp phooooosh...perpetuate the wealth."

 

Burn in hell, cheapskates!

Mon, 02/09/2015 - 18:44 | 5763943 TeethVillage88s
TeethVillage88s's picture

The full interview is below:
Can not be viewed in my Region, but is a CBS Interview, an American Media Corporation & I am in the USA.

hm.

Private corporations hide federal government business also, and including the US Military and Pentagon. So banks hide data for Private Elites and Corporations do that for federal government. Like in Domestic Spying, War spending, military operations, foreign casualties, Spy Satellites, Space Weapons, Chemical Weapons, Bio Weapons, remote control technology for 747 airplanes flight into New York Buildings.

Mon, 02/09/2015 - 19:12 | 5764009 Deathstar
Deathstar's picture

Those were not 747's. Neither one of them. I bet you think it was the planes that brought the buildings down too....

Mon, 02/09/2015 - 23:39 | 5764919 TeethVillage88s
TeethVillage88s's picture

Wod-I-Mis... 737s, 727s, fuck...

Naw, twernt planes, 3 bldgs came down same cause. Wired by landlord.

Mon, 02/09/2015 - 18:47 | 5763948 Deathstar
Deathstar's picture

Anyone want to take up a Dead Pool on how long this rat "Herve Falciani" stays alive? LMAO

Mon, 02/09/2015 - 19:07 | 5763994 TeethVillage88s
TeethVillage88s's picture

Notice the names are considered "Safe" names unless you feel the Kings or Muslims are risky to expose.

Where are the controversial names?

Mon, 02/09/2015 - 19:20 | 5764028 Heavy
Heavy's picture

This sort of thievery is not for the little people.  Massively corrupt banking system.

Mon, 02/09/2015 - 19:25 | 5764044 CvlDobd
CvlDobd's picture

I never expected to see Fernando Alonso and Valentino Rossi named in a ZeroHedge article. We've gone full retard indeed.

Mon, 02/09/2015 - 19:43 | 5764095 SquadronVBF94
SquadronVBF94's picture

Honestly what should we expect other than ongoing criminality from an institution founded by British Royalty (who are sill major stock holders) for the express purpose of laundering the proceeds of the Chinese opium trade?  Small wonder then that the client list contains so many of the drug addled and self indulgent.

Mon, 02/09/2015 - 20:02 | 5764150 gwar5
gwar5's picture

Me so sad... me muppet. Me not on list.

Mon, 02/09/2015 - 20:23 | 5764221 SirBarksAlot
SirBarksAlot's picture

The IRS isn't even a Federal Agency.  It's a trust based in Puerto Rico.  Or so I've read...

"Give me control over taxes, and I care not who owns the currency."

Mon, 02/09/2015 - 21:13 | 5764344 Rhal
Rhal's picture

And now we have our litmus test.

When the law is so blatantly broken, will the law be enforced ? Or will we have rule of law no more?

And this will ruin the reputation of SNB. Given the timing, is the leak itself an act of revenge?

Come Watson, the game is afoot!

Mon, 02/09/2015 - 22:16 | 5764642 LibertarianMenace
LibertarianMenace's picture

"When the law is so blatantly broken"

 

You are talking about 1913, right? That's on or about the time that "the rule of law" defined the aforementioned above, according to then said new law, as "criminals". No income tax, no crime. Go hunt the history there, Sherlock. This here "crime" is just dealing with the predictable aftermath of that there genuine article.

Mon, 02/09/2015 - 21:18 | 5764378 Rabbi Blitzstein
Rabbi Blitzstein's picture

Haha. You won't find any kosker insiders here. We are above the "law". In fact, we ARE the law! Maybe a few that are "outsiders", or a few goyim shabez goy malecontents get named here. A sacrifice to make the goyim think their system of justice works for them is small price to pay. We always put out big propaganda red herrings for you to eat. We know how to always throw you off track. Goyim love to be deceived. OY!!!  

Tue, 02/10/2015 - 06:58 | 5765467 bunnyswanson
bunnyswanson's picture

"You stubborn people, with heathen hearts and ears, you are always opposing the Holy Spirit, just as your forefathers did!  Which of the prophets did not your forefathers persecute?  They killed the men who foretold the coming of the righteous one, whom you have now betrayed and killed---you have the Law given you by angels, and did not obey it!"

The Sanhedrin, in a rage, had him dragged outside the city and stoned to death.  A young Pharisee named Saul aided in the attack; thereafter, he went from house to house in Jerusalem, seized adherents of "the Way," and put them in jail.

Caesar and Christ Capt XXVII The Apostles P. 576

Will and Ariel Durant - Story of Civilization

Mon, 02/09/2015 - 23:01 | 5764809 IronForge
IronForge's picture

Wth all these leaks, I figue someone's probably calling up SPECTRE, Quantum, or SMERSH to take care of business...

Tue, 02/10/2015 - 06:00 | 5765439 hedgiex
hedgiex's picture

Only Switzerland and HSBC ? What about the other offshore money centers and the other large Private Banking outfits.

Well at least the top 10% has now learnt to avoid London, HK, Singapore and UBS, Citi, Deutsche etc (the top tier wealth mgt firms).

 

Tue, 02/10/2015 - 08:33 | 5765604 russwinter
russwinter's picture

The HSBC Swiss Leaks: Greatest Extortion Opportunity of all Time:

http://winteractionables.com/?p=18339

Do NOT follow this link or you will be banned from the site!