More Scoops
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- » Former U.S. Attorney Chris Christie, GOP Candidate for NJ Governor, gets $ from IDT, NJ telcom investigated by Justice Dept for bribing Haitian officials
- » Q&A: Tax Havens, Bank Secrecy, and Tricks
- » Exclusive: Florida banking agency helped Stanford set up unregulated office to sell his phony CDs
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January 20, 2010 –
This story has not been reported before. In September 2004, David Beringer, the tax director of the $20-billion Noble Group based in Hong Kong, wrote a memo to company officials expressing concern that if Swiss officials discovered that employees of a Swiss subsidiary were doing work for a company that claimed to be operating out of Bermuda, the subsidiary might have to pay Swiss taxes.
He said, “In the disclosure to the Swiss tax authorities we have not advised that personnel working in Switzerland conclude NIL’s contracts for fees for products structure and portfolio performance; and NIL’s intermediary agreements.” NIL was a Bermuda shell company called Noble Investments Ltd.
The document was provided by Rudolf Elmer (shown here), a German who worked for Noble Investments SA, Zurich (NISA), a hedge fund consultant, as operations manager from June 2003 to October 1, 2005.
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Paul Volcker says privately Obama appointed him as “window dressing” »
Dec 14, 2009 - The man who isn't there: whatever happened to Paul Volcker? President Obama appointed him Chairman of the new Economic Recovery Advisory Board which is supposed to advise the president on jump-starting the...
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Film: Challenging 500 Years of Globalisation »
Nov 14, 2009, Inter Press Service (IPS) - To end poverty, you have to know how it began - with globalisation. No, not the 20th century variety engendered by multinationals and their friends at the...
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My Stasi Files: getting banned by East German secret police in the 80s »
Nov 8, 2009 - The 20th anniversary of the fall of the Berlin Wall has called forth a plethora of memories and celebrations. Here are mine. I visited West Germany in 1983 as it held massive...
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Sodexo’s ’safe’ supplier sickens 27 boy scouts at camp »
Oct 17, 2009 - When he was interviewed for the investigative story I did in March on Sodexo's practice of demanding rebates (ie kickbacks) from suppliers, Sodexo deputy counsel Tom Morse argued that working only...
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Corazon Aquino missed her chance »
Aug 3, 2009 -
In January 1986, I went to the Philippines to chronicle the growing movement against the Ferdinand Marcos dictatorship....
Scoops
CORRUPTION: U.S. Banks Abetting Corrupt Regimes, Probe Finds »
Inter Press Service (IPS) - Feb 3, 2010 The global bank HSBC may be running offshore accounts for central banks. According to a U.S. Senate investigation, an HSBC subsidiary in London called HSBC Equator Bank had...
No comment / Read More »Former U.S. Attorney Chris Christie, GOP Candidate for NJ Governor, gets $ from IDT, NJ telcom investigated by Justice Dept for bribing Haitian officials »
Oct 22, 2009 - Back in 2004, when Chris Christie was the U.S. Attorney for New Jersey, his office first heard allegations that IDT Corporation, a Newark, N.J.-based global telecommunications company, was involved in a...
No comment / Read More »Q&A: Tax Havens, Bank Secrecy, and Tricks »
Inter Press Service (IPS), July 14, 2009 - At a recent conference in Miami organised by Offshore Alert, a specialised media organisation focused on financial crime, IPS sat down with veteran investigator Bob Roach...
No comment / Read More »Exclusive: Florida banking agency helped Stanford set up unregulated office to sell his phony CDs »
State aided suspect in huge swindle
Miami Herald, July 5, 2009 -
Years before his banking empire was shut down in a massive fraud case, Allen Stanford swept into Florida with a bold plan: entice Latin...
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