Swiss bankers charged in $1.2 billion tax fraud


World | 206741 hits | Jan 03 7:22 pm | Posted by: DanSC
12 Comment

Three Swiss bankers have been charged with helping American taxpayers hide more than $1.2 billion from the Internal Revenue Service, the U.S. Attorney's Office in Manhattan announced Tuesday.

Comments

  1. by avatar DanSC
    Wed Jan 04, 2012 3:27 am
    o_O

  2. by Bruce_E_T
    Wed Jan 04, 2012 3:41 am
    Michael Berlinka, Urs Frei and Roger Keller face up to five years in prison for their roles in the scheme, the U.S. Attorney's Office said.


    This is a bit of a joke, is it not?

  3. by avatar DanSC
    Wed Jan 04, 2012 3:43 am
    "Bruce_E_T" said
    Michael Berlinka, Urs Frei and Roger Keller face up to five years in prison for their roles in the scheme, the U.S. Attorney's Office said.


    This is a bit of a joke, is it not?

    It's mostly a joke because they won't be in jail for nearly that long.

  4. by Bruce_E_T
    Wed Jan 04, 2012 3:55 am
    "DanSC" said

    It's mostly a joke because they won't be in jail for nearly that long.


    Considering that US taxpayers are getting ripped off big time you would think the penalty would somewhat greater.

    I don't suppose the citizens who bought into this would be suspect would they?

    Go 1% :twisted:

  5. by avatar DanSC
    Wed Jan 04, 2012 3:59 am
    Taxpayers are getting ripped off big time, but the offenders have two things going for them. It's not a violent crime, and they most likely know judges and members of the SEC.

  6. by Thanos
    Wed Jan 04, 2012 4:07 am
    Too bad for them that they didn't sell a trillion dollars worth of toxic mortgages instead. They'd be feted as heroes, still be eligible for the year-end bonus bonanza, and wouldn't get harassed or annoyed by the government at all.

  7. by avatar DanSC
    Wed Jan 04, 2012 4:10 am
    "Thanos" said
    Too bad for them that they didn't sell a trillion dollars worth of toxic mortgages instead. They'd be feted as heroes, still be eligible for the year-end bonus bonanza, and wouldn't get harassed or annoyed by the government at all.

    True story. Sad story, but true story. Unfortunately false advertising laws aren't that tough.

  8. by Bruce_E_T
    Wed Jan 04, 2012 4:50 am
    "DanSC" said

    True story. Sad story, but true story. Unfortunately false advertising laws aren't that tough.


    Sad all round, as far as I can see. Gluttony seems to have no boundaries. I cannot figure out why these people need this money let alone the lengths they will go to aquire more.

    Maybe this story will at least open some eyes.

  9. by avatar Public_Domain
    Wed Jan 04, 2012 6:00 am
    :|

  10. by avatar PublicAnimalNo9
    Wed Jan 04, 2012 6:21 am
    The only shocker here is it was $1.2B :|

  11. by avatar martin14
    Wed Jan 04, 2012 6:37 am
    "PublicAnimalNo9" said
    The only shocker here is it was $1.2B :|



    True dat.

    I'm sure the Italian numbers will come in much better.

  12. by avatar PublicAnimalNo9
    Wed Jan 04, 2012 6:51 am
    "martin14" said
    The only shocker here is it was $1.2B :|



    True dat.

    I'm sure the Italian numbers will come in much better.
    Some comedian gave a great description of Switzerland during WW2.

    He likened it to a guy holding the wallets of two other guys that have "stepped outside" to settle things.
    No matter who wins, you keep a wallet :lol:



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