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Hat tip to @mnrube17 for sharing this with me. The first Israeli bank I've seen implicated in the money laundering schemes. Can't wait to see the receipts! Then we learn who the US Taxpayers were! #ButNothingsHappening
@mnrube17 The bank is to pay a $195M penalty to defer prosecution while they cooperate! Which means they flipped! Looks like involve branches in LA & throughout the US, Switzerland, London & Cayman Islands. The Cayman's branch was shut in 2014 & lead to this case. That's how complex... 
@mnrube17 Looks like the tax evasion issues were from at least 2002-2012. Very likely the prosecutions have been helped by the exposure of the #PanamaPapers & #ParadisePapers But prosecutions are now moving forward around the nation.
@mnrube17 Lists of specifics, seemed to hit many of the popular off-shore shell company destinations & helped customers find companies that would help them set up the shell companies.
@mnrube17 This one technique/term is new to me back-to-back loans. Allowing a US customer to borrow from the bank (counted as a debt not income) against money secretly deposited in the overseas branch of the bank.
@mnrube17 Does anyone think it is a coincidence that this agreement with a bank focused on it's LA & NYC based bank branches broke on the same day as Hollywood & NY celebs are getting busted for college admissions fraud schemes? I suspect they saw the receipts!
