Paintings and ... offshore accounts

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«LeMond», 5.12.2008

Fair Art Basel in Miami - a strategic location for the bank USB (Union des Banques Suisses), to sell offshore accounts? In the United States accused the bank that he developed a strategy illegalnuyu tax evasion. Bank, main sponsor of the fair, did not react.

However Immersed testimony Bireknfelda Bradley, a former employee to USB, which has for several months, is under investigation in Florida for the fact that he helped one of the bank's clients to hide from taxes of more than 200 million dollars (157 million euros) in Switzerland and Liechtenstein. Pending trial, he testified before the Senate appointed by the Commission of Inquiry, in which he argued that from 2002 to 2007, USB worked Ethnic business: Eighty bankers working in Geneva, Zurich and Lugano, including himself, regularly traveled to U.S. to attract customers, and none of them was an American license. Where are they looking for these clients? At the most prestigious cultural and sports demonstrations - such as fair in Miami. Between the two cocktails, Birkenfeld was handed over to his interlocutors his business card. "People reacted immediately: they knew that you could open a bank account, and thus find a solution to their desires. According to a Senate inquiry during the fair in Miami came at least five advisers from USB. Approximately 20,000 wealthy American citizens - the total amount of their fortune is estimated at $ 20 billion - are suspected in the fact that they were customers of the bank. 17000 of them have opened such accounts anonymously and concealed them from the U.S. tax authorities.

That's it. And you say, the art