Super-rich American tax cheats busted in Liechtenstein....

[Postman]

http://abcnews.go.com/Blotter/story?id=5378080&page=1

Senator Carl Levin will be holding hearings on Thursday....

[louis-t]

1. Is that the same UBS that bought Paine-Webber?

[elehhhhna]

16. and UBS Vice Chairman is...Phil Gramm!

[New Dawn]

2. Thank you Heinrich Kieber!

And fuck the "government of Liechtenstein", it is a corrupt little monarchy that should be abolished.

[Zuiderelle]

3. What a great story! A geek brings down the super-rich!

:rofl:

Love it!

[seemslikeadream]

4. OMG!

AND HE'S IN HIDING

[formercia]

5. The names, the names.

Fantasy Island never seemed so good......No rich Corinthian leather for your cell Monsieur.:rofl:

[Octafish]

17. Boss. Boss! Is Phil Gramm the BFEE's Meyer Lansky?

The Treasury's empty. Everything worth owning's been stolen and fenced in China.
With the poor long-forgotten, the mopes of the middle class are near-penured and powerless.
The only thing filling their coffers and minds are Coors and Dope Inc.



So, who's smiling now?

[formercia]

20. I hate to admit that Poppy was right about something:

"Voodoo Economics", as he described St. Ronnie's plan.

I can still feel that warm pee trickling down the back of my neck.

[hobbit709]

6. Phil Gramm is connected to UBS

Wonder where some of Cindy McCain's money is?

[angrycarpenter]

7. Tax cheats on this scale

should be deported to whatever shithole they are hiding their money in.

[Indenturedebtor]

13. Hell no they shouldn't

Lichtenstein has a higher quality of life than we do heh.

These assholes should be forced to do the most menial job for the most unethical company that they invest in after we seize every last penny and saddle them with college and credit card debt and an inflated mortgage.

Feel what we feel you disgusting pigs!

[ColbertWatcher]

8. Were the accounts illegal?

I don't get that from the article.

It just says that some Americans created bank accounts and a teller busted their asses.

I believe the law that was broken was the avoiding taxes, but not the creation of the bank accounts, unless creating the accounts was/is illegal.

Anyone know?

[hobbit709]

9. Hiding assets is frowned upon by the IRS.

[ColbertWatcher]

12. Ye, but...

...was the act of creating those accounts illegal?

Leaving out where the money came from, was the creation of the accounts illegal? Was maintaining the accounts illegal?

[hobbit709]

15. Having an account no.

but hiding your income in an account to avoid paying taxes on that money yes.

[ColbertWatcher]

25. OK, just checking.

I kind of suspected that the "authorities" would be using some kind of "technicality" against him.

[PA Democrat]

24. Sounds like there is a suspicion of shady doings at UBS.

I believe there are some international laws that apply to hiding money for the purpose of tax evasion as well as money laundering. Anyone know?

From the article, sounds like UBS will be investigated as well:

"Aides say the hearing will also focus on the role of the giant Swiss bank UBS and its alleged efforts to help wealthy Americans hide their money from the IRS through shell companies in Liechtenstein."


http://abcnews.go.com/Blotter/Story?id=5378080&page=1

[zbdent]

10. Somewhere, Marc Rich is smiling ...

[cascadiance]

11. Hmm... I wonder if Brent Wilkes or his friend are on this list...

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=3621066&mesg_id=3621066

Could be trying to "make his break" soon!

Or maybe... We'll see an active acount with the name "Ken Lay" on it?

[Ghost in the Machine]

19. Haven't found the list yet, but found a few names

UBS Liechtenstein Adviser Had Scandal-Tainted Clients (Update2)

By Ryan J. Donmoyer and David Voreacos

July 7 (Bloomberg) -- Mario Staggl, a Liechtenstein investment adviser indicted in a tax-evasion probe of UBS AG, has for years helped scandal-tainted clients manage money stashed around the world.

Staggl told German prosecutors he set up companies for a consultant in South Africa who later pleaded guilty to trying to help Libya obtain nuclear bomb-making equipment and provided similar services to an engineer being tried in Germany on related charges. He helped manage offshore assets for the family of a London politician accused by U.K. authorities of hiding money to avoid $80 million in penalties, U.S. records show.

``He appears to help people move money and conceal the ownership, source or location of it,'' said Gregory Baldwin, a former Miami federal prosecutor, after reviewing Staggl's record.

U.S. prosecutors in May charged that Staggl and former UBS banker Bradley Birkenfeld helped California billionaire Igor Olenicoff and other clients evade taxes. Olenicoff pleaded guilty to filing a false tax return. Birkenfeld pleaded guilty last month, saying UBS helped U.S. customers hide $20 billion.

After Staggl missed a May court appearance in Fort Lauderdale, Florida, U.S. authorities declared him a fugitive, even though he is living and working openly in Liechtenstein, a 62-square-mile principality famous for bank secrecy.
http://www.bloomberg.com/apps/news?pid=20601100&sid=adxGsxl_L4vI&refer=germany

I'll search for more later if no one else has found the list... I gotta get back to sleep..

[Greyhound]

14. Big K & R for this one. Anybody have the translation from the Italian paper? n/t

[DCKit]

18. This should be fun. Hope there's lots of WH connections on the list...

"Teh Dick" in #1 position.

Hey, those Enron and Halliburton payoffs had to go somewhere.

On edit:

Oh, fuck me, they've been sitting on this for years:

"Liechtenstein's veil of secrecy was pierced five years ago when the disgruntled technician, Kieber, downloaded the names..."

[conscious evolution]

23. Someone finally dried out their gunpowder

and are finally going to use it.
I have a felling a perfect storm is brewing.One that will blow the cover off of the real criminals in this country.
It may be wishful thinking on my part but too many revelations about their criminal conduct have been coming out.
To me it looks like someone has a plan for exposing bushco and they are implementing it as we speak.

[Blue_Tires]

21. ttt n/t

[and-justice-for-all]

22. You know there are US Congress people on that list...nt