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Hide & Seek In Switzerland: Goldman Sachs, Morgan Stanley Could Be Implicit In Tax Evasion Schemes

By Don Dion: Swiss private banks have agreed to assist US authorities by providing comprehensive details about Morgan Stanley (MS) and Goldman Sachs (GS) bank accounts that might indicate potential tax evasion by American clients.By working with the Depa.....»»

Category: topSource: seekingalphaApr 30th, 2014

Credit Suisse"s "spy novel" tax evasion

Less than 5% of the Swiss bank's thousands of accounts with over $10 billion in assets were reported to the IRS. And you won't believe the ways in which they allegedly hid the money......»»

Category: videoSource: cnnFeb 26th, 2014

Tax evasion probe targets Credit Suisse

Bankers helping customers buy gold bars to store in Swiss bank safes. A wealthy customer who traveled on flights hiding $250,000 in pantyhose to stash in Swiss accounts......»»

Category: topSource: cnnFeb 20th, 2014

Credit Suisse under scrutiny for aiding tax evasion

Bankers helping customers buy gold bars to store in Swiss bank safes. A wealthy customer who traveled on flights hiding $250,000 in pantyhose to stash in Swiss accounts......»»

Category: topSource: cnnFeb 20th, 2014

10 Signs Your Identity"s Been Stolen

NEW YORK (LowCards.com) -- Recent security breaches at Target, Neiman Marcus, Skype and Snapchat show identity theft has become a major problem in our society. Personal information, email, credit cards and bank accounts are unfortunately not as private a.....»»

Category: topSource: thestreetJan 27th, 2014

Beanie Babies Creator Gets Probation, No Prison

The billionaire creator of Beanie Babies was sentenced to two years of probation, but no prison time, on Tuesday for tax evasion on $25 million in income he had stashed away in Swiss bank accounts......»»

Category: marketsSource: moneynewJan 14th, 2014

The Wall Street Journal: Beanie Babies creator gets probation in tax case

The Chicago billionaire behind the Beanie Babies fad of the 1990s has reportedly been sentenced to two years of probation, but no prison time, for tax evasion on $25 million in income stashed away in Swiss bank accounts.....»»

Category: topSource: marketwatchJan 14th, 2014

U.K. Savings Dries Up

Savers have been withdrawing money from their accounts at the fastest rate for nearly 40 years, Bank of England figures show.  They took £23 billion out of long-term savings in the past 12 months, equivalent to £900 for every household in the country.....»»

Category: topSource: marketpulseDec 3rd, 2013

Swiss bank bailout turned poison into profit

by Matthew Allen, swissinfo.ch October 31, 2013 – 11:00 When the final chapter of the UBS bailout closes in November, the bank accounts will show tax payers, ordinary account holders and small businesses as the chief beneficiaries. It’s been.....»»

Category: blogSource: valuewalkOct 31st, 2013

Learn from Ty Warner"s Beanie Babies Fiasco: Reduce Your Taxes (Legally)

Instead of dumping your cash into a Swiss bank account, try tweaking inventory, accounts receivable, liabilities, equipment write-offs, retirement plans, and more.Really? The Beanie Babies guy? Tax evasion?It's true. Ty Warner, the college dropout who bec.....»»

Category: topSource: incOct 7th, 2013

Vatican bank opens accounts for first time

Institute reports 325% rise in net profit between 2011-12 but expects tough 2013 in records published to show greater financial transparency.....»»

Category: worldSource: ftOct 1st, 2013

In Reversal, IRS Gives Amnesty To Owners Of Secret Israeli Bank Accounts

As the government was trumpeting its latest criminal case charging offshore tax evasion---this one against billionaire Beanie Baby creator Ty Warner—the IRS was quietly faxing letters to some others with offshore accounts, informing them they would mee.....»»

Category: smallbizSource: forbesSep 19th, 2013

In Reversal, IRS Lets Secret Israeli Bank Account Owners Into Amnesty Program

As the government was trumpeting its latest criminal case charging offshore tax evasion---this one against billionaire Beanie Baby creator Ty Warner—the IRS was quietly faxing letters to some others with offshore accounts, informing them they would mee.....»»

Category: smallbizSource: forbesSep 19th, 2013

In Reversal, IRS Lets Taxpayers With Secret Israeli Bank Accounts Into Amnesty Program

Yesterday, as the Department of Justice was trumpeting its latest criminal case charging offshore tax evasion---this one against  billionaire Beanie Babies creator Ty Warner—the Internal Revenue Service was quietly faxing letters to lawyers for some o.....»»

Category: topSource: forbesSep 19th, 2013

Beanie Babies founder charged with tax evasion

Chicago-area billionaire will plead guilty, pay $53.5 million penalty A four-year crackdown by the IRS on tax cheats with offshore bank accounts has ensnared Chicago-area billionaire Ty Warner, creator of collectible Beanie Babies toys, a consumer craze i.....»»

Category: topSource: chicagotribuneSep 18th, 2013

Are you getting the best checking account deal in Kansas City?

The era of practically every bank offering free checking is over. Today, the current average monthly fees on checking accounts nationwide has reached $12.43, up 35 cents from a year ago. Given that several recent studies show consumers overwhelmingly hat.....»»

Category: topSource: bizjournalsSep 13th, 2013

Swiss Agree on Penalties for Banks That Aided Tax Cheats

Switzerland and the United States reached a watershed deal on Thursday to punish Swiss banks that helped wealthy Americans stash money in hidden offshore accounts, closing the door on an era of bank secrecy and tax evasion......»»

Category: blogSource: dealbookAug 29th, 2013

U.S. and Switzerland Reach Deal on Bank Penalties

Switzerland and the United States reached a watershed deal on Thursday to punish Swiss banks that helped wealthy Americans stash money in hidden offshore accounts, closing the door on an era of bank secrecy and tax evasion......»»

Category: blogSource: dealbookAug 29th, 2013

Swiss gold initiative tipped to fail

Swiss gold initiative tipped to failClare O’Dea 29.00.2014 The Swiss central bank will not be forced to increase its gold reserves, initial projections on the gold initiative show. Swiss voters appear to have roundly rejected the initiative which wo.....»»

Category: blogSource: valuewalkNov 30th, 2014

Chinese Bank Staff Accused in Battle

A Chinese lighting business in a long-running dispute with its former chief executive officer said employees at big Chinese banks had helped the CEO improperly tap company bank accounts......»»

Category: earningsSource: wsjNov 19th, 2014