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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For those who don't understand the law in this case, Congress has authorized the Attorney General to specially appoint lawyers & conduct legal proceedings at the same level as US Attorneys without confirmation. It's specifically authorized.
While Canon ignores Section 515, it specifically authorizes AGs to appoint special attorneys to prosecute criminal cases & run grand juries same as a US Attorney can.
She claims the law does not authorize the AG to appoint a special counsel with the authority of a US Attorney.
Julian Assange flying to the North Marianas to plead guilty to espionage.
Gets a 62 month prison sentence, but will be released with time served for his 5 years in British prison.
The choice of the Northern Marianas Islands is unusual.
That US territory is a hub for Chinese money laundering to the US & to US politicians. Wonder if he will testify to a US grand jury while he is there? Or has he already done so by Zoom?
The Chinese have been buying off Swampy politicians on Pacific islands that are US territories to infiltrate them to get into the US financial system.
The Northern Marianas, the Solomons, & many others...
Beny Steinmetz connects to so much corruption around the world!
Steinmetz was arrested 3 years ago shortlay after FBI seized Hunter & Rudy's electronic devices including communications with his lawyer former FBI Director Louis Freeh.
#ButNothingsHappening
On behalf of Steinmetz & other clients, Freeh tried to gain access to Trump & Biden through Guiliani & Hunter. Freeh marked all his emails as Attorney Client privileged in an effort to protect them. DOJ needed filter teams or a special master to read them.
Exclusive: The case of the Michael Cohen condo just got a whole lot more interesting!
I found an online report on the resident. It isn't an embassy or a diplomat.
It appears to be a couple who are financial reporters for CNBC & Bloomberg?
It was well publicized that Michael Cohen's condo at 111 Murray Street is 19West or 19W.
A condo that he rented on 11/27/18 prior to pleading guilty in SDNY on 11/29/18.
The website identifies as a resident of 19W Sara A Eisen, 39 formerly of Cincinatti, OH.
It appears to be Sara A. Eisen the co-host of CNBC's Squakbox. One of her associates listed on the website is her husband Matthew Levine. usphonebook.com/address/111-mu…
The majority of Daszak's funds came from DOD, but the previous investigations focused on Daszak taking money from NIH that prohibited him from conducting GoF work.
Work he did in Wuhan anyway & concealed it from NIH.
Daszak claimed he 'accidentally' conducted GoF work in Wuhan in 2018-2019. But he concealed this from NIH until 2021 even though his grants required immediate reporting of 'accidental' GoF results.
US sanctions Russian Dmitrii Aleksandrovich Beloglazov, the owner of the financial firm Titul for colluding with Putin's Oligarch Oleg Deripaska to sell his shares in an Austrian construction firm!
Shares frozen by sanctions...
#ButNothingsHappening