Tuesday, May 13, 2008

CAPITALIST PIG FOLLOW-UP

I was hoping that something would come of this and IT HAS!!!

There are now names to attach to the crooked capitalist pigs: former UBS private banker Bradley Birkenfeld, Liechtenstein financial adviser Mario Staggl and billionaire California real-estate developer Igor Olenicoff.

Two Charged in Tax Case Tied to UBS, Billionaire
By CARRICK MOLLENKAMP, GLENN R. SIMPSON and ALEX FRANGOS
May 14, 2008
Wall Street Journal

As part of a widening probe, the U.S. has charged a former UBS AG banker and a Liechtenstein consultant with helping clients avoid taxes by opening secret bank accounts, destroying documents, using Swiss credit cards and filing false tax returns.

One client was billionaire California real-estate developer Igor Olenicoff. Mr. Olenicoff set up a web of secret bank accounts in Switzerland and Liechtenstein to avoid taxes on $200 million in assets, a person familiar with the U.S. case said. Mr. Olenicoff has been cooperating with investigators in the wake of his December guilty plea to a criminal count of filing a false U.S. tax return in 2002.

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