Reports & analysis by investigative journalist Lucy Komisar “”

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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Blog

Paul Volcker says privately Obama appointed him as “window dressing”

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

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

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

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

Corazon Aquino missed her chance »

Aug 3, 2009 - Corazone Aquino book In January 1986, I went to the Philippines to chronicle the growing movement against the Ferdinand Marcos dictatorship....

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Scoops

CORRUPTION: U.S. Banks Abetting Corrupt Regimes, Probe Finds »

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...

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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 »

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...

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Q&A: Tax Havens, Bank Secrecy, and Tricks »

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...

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Exclusive: Florida banking agency helped Stanford set up unregulated office to sell his phony CDs »

<em>Exclusive</em>: 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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Theater

A feminist wreaks revenge on author of porn play, “Venus in Fur” »

A feminist wreaks revenge on author of porn play, “Venus in Fur”

In David Ives' ingeniously clever play, a feminist avenger turns the tables on a playwright conducting auditions for a work based on "Venus in Furs," a novel of sexual domination and submission by Leopold von Sacher-Masoch, the 19th-century Austrian writer. An actress arrives in an...

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Travel

Art tells the story of politics in vibrant, sophisticated Buenos Aires »

Art tells the story of politics in vibrant, sophisticated Buenos AiresThe citizens of Buenos Aires are called “porteños,” people of the port. Perhaps this connection to the rest of the world contributes to their sophistication. “BA” is a city of grand, classical-style buildings, elegant neighborhoods,...

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Citigroup

CORRUPTION: U.S. Banks Abetting Corrupt Regimes, Probe Finds

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...

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AIG

The Real AIG Scandal: How the Game is Rigged at Wall Street’s Casino

The Real AIG Scandal: How the Game is Rigged at Wall Street’s Casino

AlterNet, March 26, 2009 - Congress has deftly avoided the real story of AIG's collapse, which will make a few million in bonuses seem like peanuts. Most legislators at a House Finance subcommittee hearing...

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arms trade

French Finance Minister not “sufficiently aware” of frigates case

French Finance Minister not “sufficiently aware” of frigates case

Oct 23, 2007 - In the continuing saga of the Frigates of Taiwan, involving about $1 billion in bribes and kickbacks paid by the French company Thomson to win a bid on the...

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tax evasion

How multinational, aided by Ernst & Young, tried to launder profits & cheat on taxes through offshore Bermuda shell

How multinational, aided by Ernst & Young, tried to launder profits & cheat on taxes through offshore Bermuda shell

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...

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Audio/Video

Lucy’s speeches & interviews

Lucy’s speeches & interviews

TV interview about the Allen Stanford case and the Sodexo kickbacks revealed by whistleblowers Jay and John Carciero on “Conversations with Harold Channer,” Oct 29, 2009, MNN – Channel 34, New York.  You...

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French

L’ex-préfet mêlé à un trafic de «mercure rouge»

L’ex-préfet mêlé à un trafic de «mercure rouge»

Dimanche (Lausanne), 14 décembre 2001 Pour vendre 600 kg de matériel nucléaire à des Saoudiens, l’ex-conseiller national UDC et son notaire ont pris moult précautions. Berne ouvre une enquête. Mercredi, le Ministère public de la...

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Spanish

Osama y Saddam, parientes incómodos de Bush

Osama y Saddam, parientes incómodos de Bush

Servicio Inter Press (IPS), 4 de abril 2007 Los legisladores de Estados Unidos que investigan la veracidad de los argumentos del presidente George W. Bush para invadir Iraq deberían analizar una de sus...

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German

SVP-Politiker dealte mit Uran

SVP-Politiker dealte mit Uran

Von Lucy Komisar*, Beat Kraushaar Und Henry Habegger, Mitarbeit: Laurent Duvane SonntagsBlick (Zurich) 9 Dezember 2001 BERN – 600 Kilo nukleares Material wollten Ex-SVP-Nationalrat Bernard Rohrbasser und Notar R. verkaufen – an die Saudis. Verwickelt...

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