Peter Schiff’s Euro Pacific Bank Under Investigation by Tax Authorities in 5 Countries

Peter Schiff's Euro Pacific Bank Under Investigation by Tax Authorities in 5 CountriesEuro Pacific Bank, founded by gold bug and bitcoin skeptic Peter Schiff, is reportedly under investigation by the tax authorities of five countries. The bank’s customers allegedly include several tax fraud masterminds and a Russian syndicate described by the FBI as the world’s worst cybercrime group. Peter Schiff’s Euro Pacific Bank Probed by Tax Authorities […]

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6 Bankers Accused of Earning €30M in Bonuses From German Fraud, Tax Lawyer Out on €4M Bail

6 Bankers Accused of Earning €30M in Bonuses From Fraud Scheme in Germany, Tax Lawyer Out on €4M BailFormer bank employees have received bonuses worth millions of euros in an illegal trading scheme that also involved a tax lawyer, prosecutors in Frankfurt revealed this week. The case is part of multiple investigations carried out across Germany, the hardest hit country in a notorious tax fraud scandal known as the Cum-ex Files. Also read: […]

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Big Banks Money Laundering: UBS Fined $4.2 Billion, Danske Shuts Down in 4 Countries

Big Banks Money Laundering: UBS Fined $4.2 Billion, Danske Shuts Down in 4 CountriesMoney laundering scandals involving some of the world’s largest banks have grown this week. Switzerland’s largest bank, UBS, has been fined 3.7 billion euros (~$4.2 billion) for money laundering. Amid a $226 billion scandal, Estonian authorities have ordered Denmark’s largest bank to terminate its operations in the country. Danske Bank is also shutting down in […]

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Court Refuses to Drop Money Laundering Charge Against UBS, $5.8 Billion Fine Looms

Court Refuses to Drop Money Laundering Charge Against UBS, $5.8 Billion Fine LoomsA French court has reportedly rejected a request by the largest Swiss bank to drop money laundering charge against it. UBS Group and a number of its executives are accused of tax fraud and money laundering. If found guilty, the bank could be fined up to 5 billion euros or $5.8 billion. Its executives could […]

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