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Piercing the secrecy of
offshore tax havens

Washington Post, by Scott Higham, Michael Hudson*

Original Article

Posted By:Oblio, 4/7/2013 7:06:15 AM

A New York hedge fund manager allegedly swindles $12 million from a prominent Baltimore family. An Indiana couple is accused of bilking hundreds of customers by charging for free trials of cosmetic products. A financial manager in Texas promises 23-percent returns but absconds with $33.5 million of his investors’ money in a classic Ponzi scheme.All three cases have one thing in common: money that ended up in offshore accounts and trusts set up in tax havens around the world.

Comments:
*and Marina Walker Geuvara

      


Post Reply  

Reply 1 - Posted by: Jethro bo, 4/7/2013 8:06:21 AM     (No. 9263564)

So of the 4000 Americns listed with accouts, about 30 were nvolved in criminal activity. Or less than one percent. Yet the bulk of the article is about those evil less than 1%. Of course the idea is to make anyone on the list appear tobe involed in neferious actities. The WaPoo will eventyually list Rebublicn names and never mention the majority on te list that are democrats.

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Reply 2 - Posted by: dittohead, 4/7/2013 8:07:25 AM     (No. 9263568)

I know one name they will not find - mine! Wish I had money to move offshore!

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R-G1
  
R-VAR_AD


 
Reply 3 - Posted by: Spidey, 4/7/2013 8:29:07 AM     (No. 9263602)

They need to do an international raid on these banks to see who turns up.

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Reply 4 - Posted by: oh-heck, 4/7/2013 9:07:18 AM     (No. 9263650)

Cyprus is a very recent example of government salivating over large vaults of their citizens´ money. The EU demanded they raise some money. The original proposal was to take some from all accounts. They ultimately chose to take more from the rich. A buzz cut turned into a head shave because they knew the identify of the account holders.

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Reply 5 - Posted by: jar, 4/7/2013 9:17:14 AM     (No. 9263667)

Cook Islands, which appears prominently in the video and is also mentioned in the article -- remember when Hillary went there and people were wondering why she would travel to such a faraway, obscure place with no political reason for going? Has any other Secretary of State ever gone to the Cook Islands? (Don´t be surprised if Kerry makes it a new tradition).


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Reply 6 - Posted by: LZK, 4/7/2013 9:36:30 AM     (No. 9263694)

Oh -- I just can´t wait to get the King....

How much money does obama have in the offshore accounts. Won´t he be "surprised".....

Didn´t he tell America President Romney was a cheat and liar because he was invested off/shore?

This is gonna be fun!!

LZK

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Reply 7 - Posted by: Bison65, 4/7/2013 9:44:05 AM     (No. 9263712)

How about former governor of New Jersey, Jon Corzine, and his funds missing one billion dollars. That is one account the Washington Compost will not report on if ever found.

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Reply 8 - Posted by: ratslayer, 4/7/2013 10:06:53 AM     (No. 9263742)

Where did Joe Kennedy land the family trusts? Beruda is my guess! I´m sure the Post could have informed us.

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Reply 9 - Posted by: kono, 4/7/2013 10:23:55 AM     (No. 9263779)

When do we get to ´pierce the secrecy´ of where all those missing Billions from 2008/9´s "stimulus" spending went? Corrupt money soaks right into politics as readily as water soaks into the marshy wetlands of a river delta system. We saw some of that used to buy Nebraska and Louisiana support in the Senate for Obamacare. Where´d the rest go?

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Reply 10 - Posted by: Chuzzles, 4/7/2013 10:45:23 AM     (No. 9263805)

This issue and the little poison pill proposition in the budget that Obama is submitting this week is Obama playing hardball with the citizens of this country. Oh, you haven´t heard? Obama is putting it on the record that people in this country should have a retirement package of no more than $3mil. What Obama doesn´t have the guts to admit right now is how he is going to steal what is left.

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Reply 11 - Posted by: Salt5792, 4/7/2013 11:06:39 AM     (No. 9263831)

If people just had to give all their money to the government, then there wouldn´t be problems like this. /s

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Reply 12 - Posted by: whyyeseyec, 4/7/2013 11:47:57 AM     (No. 9263878)

@#11: We already do, but it`s not enough. That`s why the Fed prints 85 billion dollars a month in addition to what the govn steals from the private sector....

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Reply 13 - Posted by: Grambo, 4/7/2013 3:12:23 PM     (No. 9264150)

When thieves are coming to steal your property, common sense to you to hide it.

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Reply 14 - Posted by: Heraclitus, 4/7/2013 4:21:39 PM     (No. 9264210)

Perhaps Chelsea Clinton and her husband --both hedge fund managers, i think, (who just "moved up" from their "starter pad" to a multi-million dollar one in NYC) will show up on the list along with their parents.

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Reply 15 - Posted by: cat2, 4/8/2013 3:39:59 AM     (No. 9264678)

OK, go after the 30 who are thieves. But about the rest -- hard to blame the wealthy for wanting to evade confiscatory taxes, especially since governments spend money like it´s water, refuse to do anything about waste and corruption. Now greedy governments have created a monster -- a whole class of people who are used to evading taxes, who feel justified in doing so, and who will find other ways. It would have been better to levy reasonable taxes, spend the money wisely and thus encourage the wealthy to support their countries.

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