(for the other 95% of America)

Monday, January 17, 2011

Swiss Whistleblower Uncovers Massive Tax Fraud -- 40 Politicians Suspect

I really don’t say this often, but I feel like a kid in a candy shop. Sometime today Wikileaks will acquire information detailing 2,000 secret Swiss bank accounts. This would mark the biggest whistle blowing case in Swiss banking history.

Most of the individuals holding these accounts are American and European, and the details could uncover massive tax evasion. The whistleblower, Rudolf Elmer, was the chief operating officer in the Cayman Islands for powerful Swiss bank Julius Baer. And if that’s not juicy enough, it gets a whole lot better.

Forty of the ‘high-profile’ individuals are politicians!

That’s right, can you say ‘major political scandal?!’ 40 individuals who claim to serve their country, who hold positions in government and are cheating their own people out of millions (and probably billions) of dollars.

There are still more details coming out that could bring scrutiny on the importance of the information, so I don’t want to get too excited before I see what plays out in the coming days. Julius Baer is accusing Mr. Elmer of being a disgruntled worker, and he is being taken to court in the next few days.

Nevertheless, I hope to bring you more updates, as this candy shop just might turn into a candy factory.

Further Reading:

Crooks and Liars: Whistleblower To Turn Over Swiss Bank Account...
Guardian: Swiss whistleblower Rudolf Elmer plans to hand over...

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