Saturday, January 30, 2010

Switzerland Tells the U.S. to Screw Itself

There are 4,450 Americans still holding secret bank accounts at UBS AG. In August of 2009, UBS AG agreed to turn over the names of those Americans to U.S. authorities. On January 27, 2010 the Swiss government said UBS AG did not have to turn over those names.

Who are these 4,450 Americans? They could just be evading taxes. The Swiss could just be following the rule of law. But there are concerning issues here. The 4,450 Americans could be politicians, involved with criminal organizations, or funding terrorist organizations. We don’t know. This concerns tax evasion at a minimum. There could be national security issues. The U.S. authorities are allowing the wealthy to commit crimes. The U.S. authorities aren’t doing their jobs.

Here is an idea. If UBS AG doesn’t provide the names, pull their charter to operate in the U.S. In February of 2009, UBS AG agreed to pay $780 million to avoid criminal prosecution. I have not found documentation that UBS AG paid this fine.

What does this mean to you? Realize that many of the wealthiest Americans are evading taxes. The best and the brightest have no problem with committing financial crimes to enhance their wealth. There were 15,000 Americans that turned themselves in for tax evasion under an amnesty program. Realize also that the U.S. authorities are unable to deal with the level of financial corruption in America.

If you want to evade taxes in your country you know where to go – UBS AG.

Is anyone in America angry about the rampant corruption in the financial world? Of course not. This is how business in now done in America.

Thursday, January 28, 2010

A Typical NYC Financial Professional

Here you will find the all the exciting details of how to do business in America. This isn’t boring theory or textbook learning. All of the examples are from current, real-world events. Learn from the greatest American business institutions and people how to operate in the U.S.

Many New York City financial professionals lack the qualities that made America great. The New York City financial professionals are leading America into a era of inferiority.

Here is a real world example. Steven Fortuna, 47, A hedge-fund manager of S2 Capital LLC, plead guilty to insider tranding in October of 2009. He has agreed to cooperate with the government and he cried three times before a judge when he plead guilty. His nickname was "Tuna."

He is typical of a New York City financial professional. Mr. Fortuna plead guilty to illegal insider trading. He cried repeatedly in court. Congratulations Mr. Fortuna. You are a felon and a pansy.

What does this mean to you? Remember that when you are dealing with a New York City financial professional that he may be a pansy. I am not referring to sexual orientation. It is about courage, strength, and ethics. There is a high probability that the New York City financial professionals you are dealing with have none of those qualities. Congratulations to the New York City financial professionals. You are leading America into a prolonged period of inferiority.

Monday, January 25, 2010

The Whistleblower, Tax Cheats, and the U.S. Department of Justice

Here you will find the all the exciting details of how to do business in America. This isn’t boring theory or textbook learning. All of the examples are from current, real-world events. Learn from the greatest American business institutions and people how to operate in the U.S.

Don’t be a whistleblower. You will go to jail and pay hefty fines. The people you testify against will get little if any punishment.

A whistleblower is a person, usually within an organization, who testifies about the wrongdoing that organization is perpetrating. The whistleblower is many times the only person able to provide evidence of wrongdoing.

Here is a real world example. Bradley Birkenfeld, a UBS AG private banker, was sent to jail for 40 months on January 8, 2010. Mr. Birkenfeld was the only person who could provide evidence of wrongdoing at UBS AG. Prosecutors stated that without Mr. Birkenfeld they did not have a case. What was Mr. Birkenfeld’s reward for exposing flagrant fraud and tax evasion? Forty months in jail. The U.S. Justice Department has ensured that whistleblowers will not expose bank fraud in the future.

What was the result of Mr. Birkenfeld’s testimony? UBS AG agreed to pay $780 million in February 2009 because they were helping U.S. citizens evade taxes. UBS AG also agreed to turn over the names of 4,450 account holders with secret accounts. But wait there’s more. The Swiss government may not allow the names to be turned over to U.S. authorities as reported on January 23, 2010.

So UBS AG can still operate in the U.S. Secret account holders who are evading taxes have received little punishment. The person key to exposing this fraud is jailed.

What does this mean to you? Never be a whistleblower. Know that if you are wealthy you can evade U.S. taxes by setting up a secret account in Switzerland. Please note that the U.S. provided amnesty to any secret account holder that came forward.

What if you aren’t wealthy? You are screwed. You will pay all of your taxes or you will be jailed and fined. As Leona Helmsley, deceased president of Helmsley Hotels and one of the world’s richest people, stated “only little people pay taxes.” If you are not wealthy you are a little person.

Is anyone in the U.S. concerned and/or angry about this tax fraud? No. The U.S. government understands that the banks and the wealthy must be protected and exonerated. The U.S. government understands that whistleblowers must me punished.

The Swiss ruling on whether to turn over the names of U.S. tax cheats will be made on January 27, 2010. Do you think the Swiss will allow the names of wealthy U.S. tax cheats to be turned over?

Sunday, January 24, 2010

Financial Institutions and Terrorists

Here you will find the all the exciting details of how to do business in America. This isn’t boring theory or textbook learning. All of the examples are from current, real-world events. Learn from the greatest American business institutions and people how to operate in the U.S.

Financial professionals will do anything to earn money and I mean anything. You may have already had suspicions of this but now we know it is true.

Here is a real world example. In December of 2009, Credit Suisse was fined $536 million by the U.S. for aiding Iran with financial services. Here is another. Lloyds TBS was fined $350 million by the U.S. for helping Iran and Sudan evade U.S. sanctions.

So Credit Suisse and Lloyds TBS enable Iran to continue their nuclear weapons program. Executives at these financial institutions want profits now even if it means the incineration of a few hundred thousand Jews later. Congratulations Credit Suisse and Lloyds TSB. You have materially advanced the possibility that Iran will incinerate thousands of Jews. At least you made lots of profits.

The U.S. did not pull these institution’s charters to operate in the U.S. The U.S. understands that profits are all important even if terrorists are enabled.

What does this mean to you? U.S. financial institutions will fund enemies of your country as long as they can earn a profit. If U.S. financial institutions will provide services to Iran, Sudan, and Cuba, they will certainly fund terrorist groups in your country. It’s all about profit not national security. Remember that U.S. financial professionals don’t care about you, your family, your company, your country, or your safety. They care about profit and if some people die so be it. This is how business is done in America.

Friday, January 22, 2010

How to Earn Millions in America

Here you will find the all the exciting details of how to do business in America. This isn’t boring theory or textbook learning. All of the examples are current, real-world events. Learn from the greatest American business institutions and people how to operate in the U.S.


Here is how you can earn hundreds of thousands and maybe even millions of dollars every year. The method employed by many financial professionals, hedge fund managers, and pension managers is insider trading. Insider trading is fun and lucrative. But isn’t insider trading illegal?

No. There are at least two types of insider trading. Corporate officers and board members that trade their own company’s stock are engaging in legal insider trading and are required to file a form with the SEC. The second type is insider trading is illegal. That is when someone with non-public information uses that information to generate stock profits.

The likelihood of getting caught is minimal. The probability of getting prosecuted is miniscule. Almost no one is given more than probation. That is why illegal insider trading is rampant in the U.S. Many U.S. financial professionals engage in illegal insider trading.

Here is a real world example. Anil Kumar, a former senior partner at McKinsey & Co., pleaded guilty to conspiracy and securities fraud on January 7, 2010. He earned $1.75 million by providing insider information to Galleon Group.

This is how business is done in America. McKinsey & Co. is a premier consulting company. A senior partner, Anil Kumar, engaged in illegal insider trading. If the best and brightest in the U.S. are engaged in illegal insider trading, you absolutely know that illegal insider trading is pervasive in the U.S.

What does this mean to you? Know that when you hire or work with an American firm the employees of that firm will try to get inside information to earn illegal stock profits. This is how business in done in America.