Swiss insurance company busted for helping US taxpayers hid $1.4B in assets from the IRS. Money was assets hidden in Swiss banks that was going to be exposed by banks complying with US tax evasion laws. #ButNothingsHappening
They have reached a defered prosecution agreement in exchange with handing over the #receipts for 1600 insurance policies they marketed to help criminals evade taxes.
Policies were to take dirty cash & hold it until the statute of limitations ran out on tax evasion then cash it!
They will pay a $77M penalty & provide the evidence against all of the customers who evaded taxes. The DPA requires them to continue cooperating against the customers they were flipped against!
The scheme took place from 2005-2014 as the Swiss banks were being forced into compliance with US laws.
The funds were moved by off-shore law firms & intermediaries. Can you say #MossackFonseca?
The policies were often listed under a foreign relative's name & then paid out as a fake death claim to conceal the payment & repatriate the money.
Money was moved as gold, silver & precious gems to avoid receipts for the transactions!
They also had the statements sent to their off-shore representatives, law firms & accountants who kept the receipts out of the US.
They knew they were helping people break the law & even used corporate accounts to launder the funds...
Swiss Life is paying $16M in back taxes their customers evaded, the $36M they collected in fees, & a $25M penalty!
Most importantly they are providing info on 1608 accounts closed between 2008-2019
Their penalty was reduced because in addition to the receipts, they also contacted the taxpayers to see if they had paid their taxes. Likely extending the statute of limitations & forcing many to come forward to reduce their own penalties & prosecution.
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If you are just learning about the Swamp creature named Leonard Leo & his control of ‘conservative’ judges who work for Fortune 500 multinational corporations instead of the American people; now is your chance to catch up.
#ButNothingsHappening
Leo’s friends then use your fake news to tell you that you should blindly support judicial rulings disguised as protecting the Constitution. When in reality, they are protecting Swampy relationships between corrupt companies & the politicians they own.
Why does your fake news want MAGA to support judges controlled by ’sleazeball’ Leonard Leo?
Because they believe that it’s very important that you support the judges who work for the Swamp.
How do they control them? Consulting fees, gifts & trips.
Gone are the days of German leaders from East Germany, weakening NATO by not spending their agreed upon defense budget.
Gone are the days fo German politicians buying energy from Russia & taking Swampy deals & well paid seats on Russian company boards.
Credit Suisse pleads guilty & flips for helping 475 US account holders hide billions from the IRS in off-shore accounts.
They have also signed a deferred prosecution agreement for other crimes & agreed to cooperate!
Crimes from 2010-2021!
#ButNothingsHappening
Credit Suisse will pay $510M in fines & penalties in addition to the guilty plea.
After corrupt bankers collapsed Credit Suisse, UBS bought them & are now also forced to comply with the cooperation agreement!
It's a 2 for 1 special!
The reason for the requirement to plead guilty is likely because when they committed these crimes, they were under a Deferred Prosecution Agreement signed in 2014 that required their cooperation.
They didn't think DOJ would hold them to it!
How long before people realize that Trump sets up cases to get precedents set in court?
Once the exact parameters & processes for using the Alien Enemies Act of 1798 are confirmed deporting Tren de Aragua, how long does Trump wait to use it on China's 1000 Talents spy program?
It would be very easy to prove in court by the precedents set at this time that the 1000 Talents program is a predatory incursion against the United States by the Chinese government.