Egypt says Mubarak's sons have $340M stashed
cbc.caThe two sons of ousted President Hosni Mubarak have an estimated $340 million US in Swiss bank accounts, a senior Egyptian Justice Ministry official said Monday.
Source: cbc.ca
Swiss bank Wegelin to close after US tax evasion fine
bbc.co.ukWegelin, which was established in 1741, has also agreed to pay $57.8m (£36m; 44m euros) in fines to US authorities…
The bank had admitted to allowing more than 100 American citizens to hide $1.2bn from the Internal Revenue Service for almost 10 years….
Other Swiss banks have in recent years moved to prevent US citizens from opening offshore accounts.
US Attorney Preet Bharara said: “The bank wilfully and aggressively jumped in to fill a void that was left when other Swiss banks abandoned the practice due to pressure from US law enforcement.”
Swiss Bank Account
DJ ShoryukenDJ Shoryuken - Swiss Bank Account
Debbie Wasserman-Shultz points out Mitt Romney's Swiss bank account saying it can only be used for tax evasion and hiding assets...
She fails to mention that she has a Swiss bank account also. Like she said… “Americans need to ask themselves, why does an American businessman need a Swiss bank account and secretive investments like that?”
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So is she also hiding assets and evading the IRS? Oh the hypocrisy!
Read more HERE
Where Are the Rest of Romney’s 2010 Tax Filings?
winningprogressive.orgRomney refuses to release any of the Reports on Foreign Bank and Financial Accounts, or FBARs, that he almost certainly had to file with the IRS because of, among other things, the $3 million Swiss bank account that Romney had.
