Godlike Productions - Conspiracy Forum
Users Online Now: 2,305 (Who's On?)Visitors Today: 893,107
Pageviews Today: 1,167,871Threads Today: 232Posts Today: 3,944
09:55 AM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

OLDEST SWISS BANK: To close after US tax evasion fine!

 
Sir Griffo
Sir Griffo

User ID: 31241129
Australia
01/03/2013 11:00 PM

Report Abusive Post
Report Copyright Violation
OLDEST SWISS BANK: To close after US tax evasion fine!
Swiss bank Wegelin to close after US tax evasion fine

Wegelin admitted that its actions had been "wrong"

Switzerland's oldest bank is to close permanently after pleading guilty in a New York court to helping Americans evade their taxes.

Wegelin, which was established in 1741, has also agreed to pay $57.8m (£36m; 44m euros) in fines to US authorities.

It said that once this was completed, it "will cease to operate as a bank".

The bank had admitted to allowing more than 100 American citizens to hide $1.2bn from the Internal Revenue Service for almost 10 years.

Wegelin, based in the small Swiss town of St Gallen, becomes the first foreign bank to plead guilty to tax evasion charges in the US.


[link to www.bbc.co.uk]

Last Edited by Sir Griffo on 01/03/2013 11:04 PM
Sir Griffo (OP)
Sir Griffo

User ID: 31241129
Australia
01/03/2013 11:04 PM

Report Abusive Post
Report Copyright Violation
Re: OLDEST SWISS BANK: To close after US tax evasion fine!
bump
Anonymous Coward
User ID: 29412599
United States
01/03/2013 11:08 PM
Report Abusive Post
Report Copyright Violation
Re: OLDEST SWISS BANK: To close after US tax evasion fine!
bump

Pin
Publish their names
User ID: 31459551
United States
01/03/2013 11:08 PM
Report Abusive Post
Report Copyright Violation
Re: OLDEST SWISS BANK: To close after US tax evasion fine!
What I want to know is the names of every one of those 100 arrogant bastards who used the bank to evade taxes. Their names, ages and addresses, published on the front page of all major newspapers.
Sir Griffo (OP)
Sir Griffo

User ID: 21731744
Australia
01/04/2013 12:46 AM

Report Abusive Post
Report Copyright Violation
Re: OLDEST SWISS BANK: To close after US tax evasion fine!
What I want to know is the names of every one of those 100 arrogant bastards who used the bank to evade taxes. Their names, ages and addresses, published on the front page of all major newspapers.
 Quoting: Publish their names 31459551


100 just in this bank... The start of many!
*Darkzen*

User ID: 24544188
United States
01/04/2013 01:09 AM
Report Abusive Post
Report Copyright Violation
Re: OLDEST SWISS BANK: To close after US tax evasion fine!
Bain the banks !

Bain the taxes!
Anonymous Coward
User ID: 21486999
United States
01/04/2013 01:11 AM
Report Abusive Post
Report Copyright Violation
Re: OLDEST SWISS BANK: To close after US tax evasion fine!
Bain the banks !

Bain the taxes!
 Quoting: *Darkzen*


5a
Anonymous Coward
User ID: 9968554
United States
01/04/2013 01:16 AM
Report Abusive Post
Report Copyright Violation
Re: OLDEST SWISS BANK: To close after US tax evasion fine!
How can the U.S. fine and punish a foreign bank? Only the Swiss can fine a Swiss bank. I don't get. The U.S. seems to believe they can tell everyone what to do and how to do it. All these countries need to get to gether and tell the U.S. Guberment to go fuck themselves.
Anonymous Coward
User ID: 29254219
United States
01/04/2013 01:18 AM
Report Abusive Post
Report Copyright Violation
Re: OLDEST SWISS BANK: To close after US tax evasion fine!
How can the U.S. fine and punish a foreign bank? Only the Swiss can fine a Swiss bank. I don't get. The U.S. seems to believe they can tell everyone what to do and how to do it. All these countries need to get to gether and tell the U.S. Guberment to go fuck themselves.
 Quoting: Anonymous Coward 9968554


Better yet, start fining American banks for egregious money laundering activities :D
Anonymous Coward
User ID: 31321108
Thailand
01/04/2013 01:29 AM
Report Abusive Post
Report Copyright Violation
Re: OLDEST SWISS BANK: To close after US tax evasion fine!


violinviolinviolinviolinviolinviolinviolin
Anonymous Coward
User ID: 9968554
United States
01/04/2013 01:51 AM
Report Abusive Post
Report Copyright Violation
Re: OLDEST SWISS BANK: To close after US tax evasion fine!
How can the U.S. fine and punish a foreign bank? Only the Swiss can fine a Swiss bank. I don't get. The U.S. seems to believe they can tell everyone what to do and how to do it. All these countries need to get to gether and tell the U.S. Guberment to go fuck themselves.
 Quoting: Anonymous Coward 9968554


Better yet, start fining American banks for egregious money laundering activities :D
 Quoting: Anonymous Coward 29254219


I agree. I would also like to personally sue them for damages incurred indirectly by their laundering of drug money. A class action lawsuit is in order for all those damaged by drugs distributing here by the cartels the banks laundered and are laundering for.
Anonymous Coward
User ID: 31346902
United States
01/04/2013 02:00 AM
Report Abusive Post
Report Copyright Violation
Re: OLDEST SWISS BANK: To close after US tax evasion fine!
Bain the banks !

Bain the taxes!
 Quoting: *Darkzen*


Did he say evading taxes?

General Electric paid nothing! Notta, no money in taxes, and did it legal like see, whose going to prison for helping them "evade" taxes?

A bunch of government officials, also owe billions in back taxes!

Alot of the banks here in the U.S. not only didn't pay anything in taxes, but took your fucking tax money to boot!

Incredible.

Just incredible.

How fucking twisted the story becomes by whomever is telling it.

How dare those Swiss assholes, not help us fund the jets, and tanks for the Muslim Brotherhood in Egypt.

The police drones to fly over our once free heads.
Anonymous Coward
User ID: 31346902
United States
01/04/2013 02:01 AM
Report Abusive Post
Report Copyright Violation
Re: OLDEST SWISS BANK: To close after US tax evasion fine!
HSBC TOOOOO BIIIIG TO JAIL!!!!!

WHAT A FUCKING JOKE THIS SYSTEM HAS BECOME !!!!!

Anonymous Coward
User ID: 29254219
United States
01/04/2013 02:01 AM
Report Abusive Post
Report Copyright Violation
Re: OLDEST SWISS BANK: To close after US tax evasion fine!
Maybe somebody could explain this to me:

Doesn't the ruling class of this country evade taxes as a matter of course?

So why are the politicians targeting tax evasion? Surely the corporations don't endorse this.

Or are only "some" tax evaders being targeted?

Or is it a fund-raising scam? The evaders take their monies elsewhere and the govt gets the fine money. But if that is done to enough banks all the other non-US banks will refuse to hold American funds - and make tax evasion impossible?

Then how will the ruling class evade?

Or, are only "some" banks being targeted and your money is safe if it's in "approved" banks? Is this done merely to reduce the number of banks to a tidy monopoly (the real goal), with the tax evasion charges being the means to that end?

Or something else?
Anonymous Coward
User ID: 961432
United States
01/04/2013 02:11 AM
Report Abusive Post
Report Copyright Violation
Re: OLDEST SWISS BANK: To close after US tax evasion fine!
How can the U.S. fine and punish a foreign bank? Only the Swiss can fine a Swiss bank. I don't get. The U.S. seems to believe they can tell everyone what to do and how to do it. All these countries need to get to gether and tell the U.S. Guberment to go fuck themselves.
 Quoting: Anonymous Coward 9968554


Better yet, start fining American banks for egregious money laundering activities :D
 Quoting: Anonymous Coward 29254219


Fining? How about criminal prosecution against thousands who knowlingly wrote fraudulent securities and willing underwrote millions of non qualified loans?

How about we start yanking some charters to banks that launder drug money, practice racketeering and fraud, and while we are at it reinstate Glass-Steagal and put the $1,000 trillion fraudulent derivatives market onto open exchange like all other securities?
Anonymous Coward
User ID: 961432
United States
01/04/2013 02:15 AM
Report Abusive Post
Report Copyright Violation
Re: OLDEST SWISS BANK: To close after US tax evasion fine!
Maybe somebody could explain this to me:

Doesn't the ruling class of this country evade taxes as a matter of course?

So why are the politicians targeting tax evasion? Surely the corporations don't endorse this.

Or are only "some" tax evaders being targeted?

Or is it a fund-raising scam? The evaders take their monies elsewhere and the govt gets the fine money. But if that is done to enough banks all the other non-US banks will refuse to hold American funds - and make tax evasion impossible?

Then how will the ruling class evade?

Or, are only "some" banks being targeted and your money is safe if it's in "approved" banks? Is this done merely to reduce the number of banks to a tidy monopoly (the real goal), with the tax evasion charges being the means to that end?

Or something else?
 Quoting: Anonymous Coward 29254219


Uber/upper class wars. If you looked at all real wealth (less debt and exposure to paper instruments with potentially cataclysmic counter party risk) there would probably be less than a small room full of people.

Pretty soon that small group will have to sacrificing their underlings, throwing them under the bus. The whole thing is smoke and mirrors, like raising taxes. That is supposed to instill confidence in our debt, like we are serious gonna tax the hell out of folks to make our debt good. While the amount they collect is always less and often multiples less than what they really spend via debt.
MarkinAZ

User ID: 20006444
United States
01/04/2013 02:35 AM
Report Abusive Post
Report Copyright Violation
Re: OLDEST SWISS BANK: To close after US tax evasion fine!
When CitiBank and Bank of America and others broke the US laws, foreclosed on thousands thru fraudulent mortgages, and more - they were given bailouts by the US Government. But this little Bank in Switzerland has to close their doors after operating since 1741?? What is America thinking? This isn't "justice" this is a travesty masquerading as "justice". And while "justice" is supposed to be blind - it would seem this version of "Lady Justice" is deaf, dumb, and stupid - too! Pathetic how our governments' greed and avarice can extend around the world and bring such grief to a small Swiss Bank 5500 miles away from the US shores!
*Darkzen*

User ID: 24544188
United States
01/04/2013 03:07 AM
Report Abusive Post
Report Copyright Violation
Re: OLDEST SWISS BANK: To close after US tax evasion fine!
Bain the banks !

Bain the taxes!
 Quoting: *Darkzen*


Did he say evading taxes?

General Electric paid nothing! Notta, no money in taxes, and did it legal like see, whose going to prison for helping them "evade" taxes?

A bunch of government officials, also owe billions in back taxes!

Alot of the banks here in the U.S. not only didn't pay anything in taxes, but took your fucking tax money to boot!

Incredible.

Just incredible.

How fucking twisted the story becomes by whomever is telling it.

How dare those Swiss assholes, not help us fund the jets, and tanks for the Muslim Brotherhood in Egypt.

The police drones to fly over our once free heads.
 Quoting: Anonymous Coward 31346902


Because the Swiss and the US are owned by the same House.

This is how it is legal.

The notion of separate sovereign nations only exsist in your twisted little minds.
Anonymous Coward
User ID: 16273761
United Kingdom
01/04/2013 04:04 AM
Report Abusive Post
Report Copyright Violation
Re: OLDEST SWISS BANK: To close after US tax evasion fine!
WOW! Always thought that Swiss banks were untouchable.
Sir Griffo (OP)
Sir Griffo

User ID: 31241129
Australia
01/04/2013 07:14 AM

Report Abusive Post
Report Copyright Violation
Re: OLDEST SWISS BANK: To close after US tax evasion fine!
bump
BRIEF
Rebel with morals

User ID: 31114846
United States
01/04/2013 07:18 AM

Report Abusive Post
Report Copyright Violation
Re: OLDEST SWISS BANK: To close after US tax evasion fine!
How can the U.S. fine and punish a foreign bank? Only the Swiss can fine a Swiss bank. I don't get. The U.S. seems to believe they can tell everyone what to do and how to do it. All these countries need to get to gether and tell the U.S. Guberment to go fuck themselves.
 Quoting: Anonymous Coward 9968554


We have bombs, lots of bombs...
With freedom comes responsibility.

Heterosexual pride!

Briefcut4892
BRIEF
Rebel with morals

User ID: 31114846
United States
01/04/2013 07:20 AM

Report Abusive Post
Report Copyright Violation
Re: OLDEST SWISS BANK: To close after US tax evasion fine!
What I want to know is the names of every one of those 100 arrogant bastards who used the bank to evade taxes. Their names, ages and addresses, published on the front page of all major newspapers.
 Quoting: Publish their names 31459551


Everyone hides a little money from the IRS when they have the chance...
With freedom comes responsibility.

Heterosexual pride!

Briefcut4892
Anonymous Coward
User ID: 2055759
United Kingdom
01/04/2013 07:26 AM
Report Abusive Post
Report Copyright Violation
Re: OLDEST SWISS BANK: To close after US tax evasion fine!
Step in right direction taxes should be for all not just the poor, working classes and middle class.
BRIEF
Rebel with morals

User ID: 31114846
United States
01/04/2013 07:28 AM

Report Abusive Post
Report Copyright Violation
Re: OLDEST SWISS BANK: To close after US tax evasion fine!
Step in right direction taxes should be for all not just the poor, working classes and middle class.
 Quoting: Anonymous Coward 2055759


The poor and the very rich don't pay taxes.
With freedom comes responsibility.

Heterosexual pride!

Briefcut4892
Sir Griffo (OP)
Sir Griffo

User ID: 31241129
Australia
01/04/2013 07:30 AM

Report Abusive Post
Report Copyright Violation
Re: OLDEST SWISS BANK: To close after US tax evasion fine!
Step in right direction taxes should be for all not just the poor, working classes and middle class.
 Quoting: Anonymous Coward 2055759


The poor and the very rich don't pay taxes.
 Quoting: BRIEF


Squish the Swiss!! Got a ring to it ain't it Brief!
Ostria1

User ID: 29325791
Greece
01/04/2013 06:04 PM

Report Abusive Post
Report Copyright Violation
Re: OLDEST SWISS BANK: To close after US tax evasion fine!
Interesting development!
Ostria
Here for the moment
User ID: 14554879
United States
01/04/2013 06:41 PM
Report Abusive Post
Report Copyright Violation
Re: OLDEST SWISS BANK: To close after US tax evasion fine!
As the US has no legal authority over a private Swiss Corporation, one must ask, "Who divided the fine monies"? The guise of legitimacy is the best costume.
Anonymous Coward
User ID: 28769045
Switzerland
01/04/2013 06:52 PM
Report Abusive Post
Report Copyright Violation
Re: OLDEST SWISS BANK: To close after US tax evasion fine!
FUCK YOU IRS!
Anonymous Coward
User ID: 28769045
Switzerland
01/04/2013 06:54 PM
Report Abusive Post
Report Copyright Violation
Re: OLDEST SWISS BANK: To close after US tax evasion fine!
as far as those of you talking about the US's authority, they only have it due to wall street and the swiss banks trading there... if the banks want to play on wall street, they have to kiss the us's ass. i say fuck em. banking secrecy, once switzerland's pride and biggest selling point, is long dead.
Ostria1

User ID: 29325791
Greece
01/04/2013 06:58 PM

Report Abusive Post
Report Copyright Violation
Re: OLDEST SWISS BANK: To close after US tax evasion fine!
as far as those of you talking about the US's authority, they only have it due to wall street and the swiss banks trading there... if the banks want to play on wall street, they have to kiss the us's ass. i say fuck em. banking secrecy, once switzerland's pride and biggest selling point, is long dead.
 Quoting: Anonymous Coward 28769045


I think its another step to the new world they prepare for us. (Not that I agree with the tax evasion of course)
I believe all the different events we see lately are part of the plan (dont tell me they didnt know that loooong ago)
Ostria
Sir Griffo (OP)
Sir Griffo

User ID: 31520678
Australia
01/04/2013 09:33 PM

Report Abusive Post
Report Copyright Violation
Re: OLDEST SWISS BANK: To close after US tax evasion fine!
bump

News








We're dropping truth bombs like it's the end of days!