Community | November 23, 2008 | 1 comment

Swiss bank under cloud for secret accounts

source: http://www.miamiherald.com/457/story/783924.html

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TravG73

http://www.miamiherald.com/457/story/783924.html

UBS remains under the cloud of a massive investigation into its alleged role in helping wealthy U.S. clients avoid paying taxes by sheltering their money in secret offshore accounts.

U.S. authorities are demanding the names of thousands of investors who counted on Swiss secrecy laws, and Swiss discretion, to keep their financial affairs private. One client, a part-time Lighthouse Point resident unmasked early in the probe, has been forced to pay $52 million in back taxes and penalties.
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1 comment // Swiss bank under cloud for secret accounts

  • barbara3d
    • 0
      barbara3d  

    • At last. Lets just get all this corruption and deceit out at once...start charging, terminating CEOs, whatever we must do to take our country and finances away from THIEVES...esp the Government ones. We have been fools too long. Putting your $$$ in SWISS accounts is no different than putting it in a coffee can in your back yard. Hiding it to prevent paying your share of taxes is a felony offense I believe.

      Good post.

    • 4 years ago

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