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Swiss bank UBS to pay $ 780million in US tax fraud probe!
Feb 28, 2009 02:57
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As the news reports, "Swiss banking giant UBS has agreed to pay 780 million dollars to the US government and cooperate in a tax fraud probe. In Washington, the US Justice Department said that USB has agreed to provide the US government with the identities and account information of certain Amercian customers of UBS's cross-border business. A US federal judge in Florida earlier accepted UBS's agreement to pay 780 million dollars in fines, penalties, interest and restitution."

It isn't over. The US Justice Department sued UBS to the local court in Florida after the UBS agreed to pay the fine and provided the related info. It required UBS to offer 52000 American clients' secret account information.

I heard that the Swiss banks were the safest in the world. Now it seems that things have changed. Faced with the pressure from Washington, it has no choice but pay the fines and provides the info that the US wanted.



Aug 25, 2009 12:46
#1  
GUEST22134 Madoff and Stanford. will spend the rest of their lives in prison.
At least this is a start . Yet what about the “ Bankers.” who have caused people to lose their savings ,pensions , jobs , houses and in some cases their lives .Yet they continue to live in luxury.


Pictet & Cie.- claim they are the “Rolls Royce”of Swiss banks.

Swiss Banks or more correctly Swizz banks.

Swizz. ---- “ a great disappointment.” or a “ fraud.”

Fraud. ---“ an intentional deception or dishonesty.”— “a crime.”

Crime. ---“ an act committed or omitted in violation of a law.”

Serious Crimes .

Conspiring to pervert the Course of Justice.
Perverting the Course of Justice.
Contempt of Court.


The Establishment “ Cover up crimes”.

The ‘Doyens’ of the establishment.’ ( Ivan Pictet and Monty Raphael.)

Ivan Pictet.
Managing partner in Pictet & Cie Bank .--- Switzerland.
President of the Geneva Financial Centre.
World Bank.committee member.
United Nations. Investment Committee member,
Vice President – Global Humanitarian Forum.
Member of the Henokiens.
Blackstone Group --- Board Member.
Past- President – Geneva Private Bankers association.
Past –President – Geneva Chamber of Commerce and Industry.


Monty Raphael.
Quote.” ---- Doyen of U.K. Fraud lawyers.
Consultant & Head of Fraud and Regulatory Dept.
Member of Board of Directors of the Fraud Advisory panel.
Member of the Law Society of England & Wales.
International Bar Association Member.
Past President—London Criminal Court Solicitors Association.
Past Chairman ---of Anti Corruption Committee.
Founder of Business Crime Committee of the International Bar
Association.


Pictet & Cie Bank & Peters & Peters.

The bank and it’s officials deliberately withheld crucial documents requested under a High Court order.The bank and it’s officials deliberately withheld evidence from the Police , and one of it’s account managers Susan Broadhead gave a false witness statement to the police.
Another one of it’s managers Nicholas Campiche ( Now Head of Pictet – Alternative Investments.)concocted a letter pretending to be a client and closed his account. The senior partner (Ivan Pictet.)sought to have numerous documents destroyed,along with those copies held in their London office of P.A.M. Initially stating that they were forgeries then their lawyers Peters & Peters – Monty Raphael – and the barrister Charles Flint.Q.C.) –later had to admit in Court that the documents were genuine.
Full Story.
Go to search box on “Google” and insert ( Ivan Pictet / Monty Raphael) or
insert ( Pictet & Cie / Monty Raphael.) - - then try it on “Yahoo”.
Or try (Jack Loach/ Ivan Pictet
Sep 15, 2009 14:16
#2  
GUEST11670 Thanks for this valuable information.
Former UBS client who has been defrauded seeks help with his case
Blackstone deal UBS Real Estate Opportunity Funds [sic], L. L. C.
Quadrangle Fund, L. L. C.
Seeking representation at gmail.com|robertkaufmannmd
Mar 17, 2010 11:20
#3  
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But what choice do they have? Unless they are ready to lose the US business, they are out of luck. Listen, if you really need a great criminal tax lawyer, I mean GREAT criminal tax lawyer (not a law firm that you end up claiming as another dependant for the rest of your life), you owe it to yourself to speak to Jared Scharf I just wish I had met him ten years ago. Good Luck
May 13, 2012 19:34
#4  
GUEST05205 Pictet & Cie. Bank – list of crimes.

1996 ---- Breach in London.
2003 --- FSA --- States rogues operating in Pictet’s –London
Office . Ivan Pictet said documents were forgeries but
were lated proved to be genuine. Had documents held
in London office destroyed.

2007 --- Japan. ---- The Securities and Exchange Surveillance
issued a recommendation that the Prime Minister and
The Commissioner of the FSA to take disciplinary
action against Pictet Asset Management. Japan Ltd.

2008 --- Dec. ---Pictet Bank state --- “ we have never chosen
any funds linked to Madoff.”

2011 --- Madoff Trustees sue Pictet & Cie. For $156 Million.

2011--- Bank at centre of Bribery and money laundering case.
Being sued for $350 million. ( In U.S.A.)

2012.--- Geneva Bank Pictet used in Offshore Tax Scheme.
U.S. Authority states.
Jan 18, 2014 09:40
#5  
GUEST34100 Update --- Jan. 18 th. 2014.

Pictet & Cie Bank ---- List of Crimes.

1996 ----- F.S.A--- Breach in London.

2003 ----- F.S.A. -- States rogues operating in Pictet's London office. Ivan Pictet
states that documents were forgeries but were later proved to be genuine in
the British Courts. He had documents destroyed in their London office --
hoping to hide the crimes.

2007 .- - - The Securities and Exchange Surveillance issued a recommendation
that the Prime Minister and The Commissioner of the FSA to take disciplinary action against Pictet Asset Management – Japan Ltd.

2008 .-- Dec. - Pictet Bank state - " We have never chosen any funds linked to Madoff.

2011 - - - Madoff Trustees sue Pictet & Cie. Bank for $156 Million.

2011- - - Pictet & Cie Bank abetted a Bribery Scheme - Oil company sues Pictet for $350Million

2012 - - - April – Geneva Bank Pictet used in Offshore Tax Scheme. ( USA.)

2012 -- - June. -- Published in Anglo INFO .Geneva.--- USA Trust Fund Investors were sent false and fraudulent documents by Pictet Bank in order to collect large fees. ( Like MADOFF)
Even after the SEC in the USA uncovered the fraud Pictet continued to charge fees and drain whatever was left in these accounts. Estimated that $90 million lost in this Pictet Ponzi scheme.

2012 - - - July. -- De – Spiegel. -- states – Pictet Bank uses a letterbox company in
Panama and a tax loophole involving investments in London to gain
German millionaires as clients.

2012 - - - August ---- German Opposition Leader accuses Swiss Banks of "organised crime."

2013 --- Jan.--- Swiss MP' table motion to freeze Tiab Mahmud's assets of " criminal origins"
held in Swiss banks – $18 million held in 5 accounts at Pictet & Cie. Bank. Bahamas.

Ironically the Pictet & Cie.Bank partners are bigger criminals than the criminals who have accounts in the their bank.

The bank is now seeking to re-structure -- to cut the partners liability – hoping to off load their decades of criminal responsibilty – and move onwards to carry out new crimes. The Germans are right -- the bankers should go to prison if found guilty of financial crimes..
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