June 30th, 2009
A criminal saga that began in December with a string of superlatives — the largest, longest and most widespread Ponzi scheme in history — ended the same way on Monday as Bernard L. Madoff was sentenced to 150 years in prison, the maximum for his crimes.
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June 29th, 2009
Task Force member
Global Financial Integrity has just released the following
statement calling for the US DOJ to keep up the case against UBS:
U.S. Justice is Not for Sale; Department of Justice Must Pursue Case against Swiss Bank UBS, Says Global Financial Integrity
Washington, DC — Global Financial Integrity (GFI) urges the U.S. Department of Justice (DOJ) to remain steadfast in its pursuit of information about the suspected 52,000 secret bank accounts held by U.S. citizens with Swiss bank UBS.
“This is about bringing to...
June 29th, 2009
The official line is that the Justice Department won’t drop its case against Swiss banking giant UBS. But that’s not what The New York Times is reporting. My hope is that Justice will stick to its guns. But my gut tells me the Times will turn out to be right.
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June 29th, 2009
Martin Sullivan at Tax Analysts has pointed out critical factors impacting the political will to pursue, or to drop, the US Department of Justice case against UBS. In his article "News Analysis: Switzerland, Guantanamo, and Tax Evasion", Marty states his hope that "Justice will stick to its guns", yet adds:
"It makes so much political sense to appease the Swiss. The Swiss government announced in January that it would be willing to take some Guantanamo prisoners off U.S. hands -- providing much-needed relief for one of the superpower's biggest foreign policy headaches. The United States calls...
