Offshore, Scoops
AlterNet – April 17, 2007
When it comes to tax cheats, the government has been vocal about catching the little guys but doesn’t spotlight the big-time frauds, like Swift Boat financier Sam Wyly
(shown here), who happens to be a top-tier Republican contributor.
Wyly cheated the U.S. of at least $300 million in taxes. The money that paid for the Swift Boat campaign was your money!
But Wyly was not only the financier of the scam to discredit John Kerry during the 2004 presidential campaign. He and his brother were George W. Bush’s ninth greatest career contributors, Bush Pioneers, who collected $100,000 for the 2000 and 2004 presidential campaigns. They also funded other leading Republicans. Sam Wyly, since 1997 has given Republicans more than $1 million and his brother Charles and wife have donated more than $1.3 million. That‘s your money!
Wyly did his cheating through an offshore scheme that hid $1 billion in family profits via Isle of Man shell companies that existed only on paper, were registered under front men to hide the Wylys’ names, and were used to carry out transactions and launder money. And that’s only the hidden income that was found. The Dallas mogul, with a $1 billion admitted net worth, may be guilty of the biggest personal tax fraud in U.S. history.
Theater & the Arts
Details of personal lives overwhelm epic of politics and action
Tom Stoppard‘s theater trilogy about Russian radicals and reformers of the 19th century is a drawing room drama of the upper class overlaid with the revolutionary ideas that set the stage for the Russian revolution. The content is disappointing, a Russian history “lite” that seems to want to make viewers feel as if they are getting to know the shapers of history without being forced to concentrate too seriously or for too long on their actions and ideas.
Characters are placed and moved through stylized vignettes as if in a diorama, in tableaux. The pageants are beautiful, but sometime they lack substance. Often there are pronouncements instead of dialogue. In spite of purporting to present to us the ideas and history of the figures he depicts, Stoppard appears fascinated primarily by the personal and especially love lives of the famous.
The best part of the production is the stunning staging by director Jack O‘Brien. While the “revolutionaries” are prancing around declaiming about life, illusion and art and how they will save the downtrodden, behind a gauzy curtain we see lines of people immobile, dressed in sepia shrouds, like spirits. The serfs remain a silent backdrop.
Banks, Blog, Offshore
April 10, 2007 –
The NY Times reports today that Charles Prince, CEO of Citigroup, is planning to cut the corporation‘s compliance staff. 
Reporter Eric Dash says it‘s “to keep the bank from getting bogged down” because “the compliance overhang has made it difficult to be competitive” and “unnecessarily slowed the company down.”
Translation: other banks are laundering profits or running scams to help clients cheat tax authorities and investors, and they make good money at it. Why shouldn‘t we?
Dash noted that Citigroup had beefed up its compliance staff after scandals, including its dealings with Enron. He skimps on details: that Citigroup set up offshore shell companies to help Enron cook the books.
Major Past Articles, Scoops
Inter Press Service (IPS), April 4, 2007
Now that the U.S. Congress is investigating the truth of President George W. Bush’s statements about the Iraq war, they might look into one of his most startling assertions: that there was a link between Saddam Hussein and Osama bin Laden.
Critics dismissed that as an invention. They were wrong. There was a link, but not the one Bush was selling. The link between Hussein and Bin Laden was their banker, BCCI. But the link went beyond the dictator and the jihadist — it passed through Saudi Arabia and stretched all the way to George W. Bush and his father.
Offshore, Scoops
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 deberÃan analizar una de sus afirmaciones más resonantes: la del vÃnculo entre Saddam Hussein y Osama bin Laden.
Los crÃticos de Bush desacreditaron tal aseveración, a la que calificaron de invención. Estaban equivocados. El vÃnculo existÃa, pero no era el que el presidente le vendió al público.
El punto de contacto entre el hoy ejecutado dictador de Iraq y el hoy prófugo lÃder terrorista era el Banco de Crédito y Comercio Internacional (BCCI), cuyas vinculaciones atravesaban toda Arabia Saudita y llegaban hasta el propio presidente Bush y su padre, el ex mandatario George Bush (1989-1993).
