tag:blogger.com,1999:blog-1519969502186924526.post2943446594423965653..comments2023-10-24T08:00:53.865-05:00Comments on Federal Tax Crimes: Two More Banks Obtain NPAs Under DOJ Swiss Bank Program (6/3/15)Jack Townsendhttp://www.blogger.com/profile/14469823736335455874noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1519969502186924526.post-29031162204658499672015-06-03T18:35:26.076-05:002015-06-03T18:35:26.076-05:00Jack,
It is agreed that 237M is a good recovery (...Jack,<br /><br />It is agreed that 237M is a good recovery (ignoring all other related costs incurred by the banks and the DOJ). Long term, it is the forward compliance that is supposed to really add to the coffers of the treasury. <br /><br />What we are not seeing is:<br /><br />1) Large amounts of US related accounts. Even the DOJ has stated in these NPAs that the connections are often times tenuous. EU/Swiss citizens who took residence in the USA, USA corporations with no US persons as owners (Delaware most likely), US citizens who lived outside the USA, etc. etc. To this point, UBS, CS, and BSI were the top dogs... all of these others are small potatoes. <br /><br />2) $100B to $300B in (yearly) tax losses. (i.e. http://www.theguardian.com/business/2014/feb/25/credit-suisse-offshore-tax-senators) <br /><br />I bring up these 2 points as these were the claims made by Carl Levin, McCain, IRS, etc. The whole (stated) reason for all of this. <br /><br />I have assembled the data from the NPAs and I am hoping you can share the data as an XLS spreadsheet like you currently link/share the Offshore Charges / Convictions Spreadsheet (11/7/14)? I believe this data is historically important and should be shared via this website.<br /><br />Bank Name - Penalty - Total US Accounts listed in NPA - Value of US accounts listed in NPA<br /><br /><br /> <br /> <br /> <br /> <br /> <br /> BancaCredinvest SA<br /> $3,000,000<br /> 31<br /> $24,000,000 <br /> <br /> <br /> Rotshchild Bank AG<br /> $11,500,000<br /> 296<br /> $794,000,000 <br /> <br /> <br /> Société Générale(Lugano-Svizzera)<br /> $1,363,000<br /> 109<br /> $139,600,000 <br /> <br /> <br /> MediBank AG<br /> $826,000<br /> 14<br /> $8,620,675 <br /> <br /> <br /> LBBW (Schweiz) AG<br /> $34,000<br /> 35<br /> $128,664,130 <br /> <br /> <br /> Scobag Privatbank AG<br /> $9,090<br /> 13<br /> $6,945,700 <br /> <br /> <br /> Finter Bank Zurich AG<br /> $5,414,000<br /> 283<br /> $235,000,000 <br /> <br /> <br /> Vadian Bank <br /> $4,253,000<br /> 70<br /> $76,000,000 <br /> <br /> <br /> BSI <br /> $211,000,000<br /> 3500<br /> $2,780,000,000 <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> Total<br /> $237,399,090<br /> 4351<br /> $4,192,830,505Jin SEOnoreply@blogger.com