, 6 tweets, 3 min read Read on Twitter
Interesting timing here, Swiss bank turns over 8 US customer accounts with $33M in assets that were evading taxes. But 4 they should have turned over in 2015...
HT @JarradKushner justice.gov/opa/pr/justice…
If you are not aware of what has been happening, around 2014 many of the banks were forced to identify their US customers who hid money in their Swiss bank accounts. In exchange for flipping the banks were allowed to negotiate non-prosecution agreements with fines.
80 banks reached final agreements with the DOJ between March of 2015 & January 2016 turning over tons of US customers guilty of tax evasion between 2008 & 2014. I believe this pressure was a major factor in 8 these customers.
Want to take a guess why so many fraud, tax evasion, corruption & other cases are being prosecuted now for offenses in the 2008-2014 time range? It is very likely it is based upon the FBI & DOJ being given a green light to go after those Swiss bank customers.
Now this bank has been caught concealing 8 banks accounts, 4 worth $32M that the DOJ says the bank knew were affiliated with other accounts they did turn over. They are getting hit with additional fines. So it means DOJ found accounts in other investigations that lead to the bank
No idea who owns these 8 accounts, but at least 4 of them were affiliated with other customers of the bank that were under investigation for accounts the bank turned over in 2015. There is so much going on behind the scenes, can't wait to read more!

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