DOJ's Latest "Beat Down" on Swiss Banks
Courtesy of Bruce Krasting
Wow! The Department of Justice took an extraordinary step yesterday. It indicted Swiss private bank, Bank Wegelin, for aiding and abetting in US income tax fraud.
This is a big deal.
I’ll try to keep this fascinating story brief.
Bank Wegelin (W) has been around for 270 years. In Switzerland, it is referred to as a “Private Bank”. There are dozens of Private Banks in the country (less every
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