Demystifying Swiss Bank Accounts

Swiss Bank Accounts
When you think about the Swiss Bank, likely what comes to mind is Switzerland’s well-known commitment to privacy. The Swiss banks have been getting money from the rich and filthy rich since the Middle Ages. These account holders would be known as account numbers, and only the banks knew their identities.

The top reason for many people that people use Swiss banks in order to evade taxes. Others were known to use it for sheltering their money from being stolen, especially during times of war. Then there are some that simply opened a Swiss bank account because it was convenient for when traveling or vacationing in the land. Plus, account holders receive a Swiss charge card.

Who are Account Holders at Swiss Banks?

There are various types of people that may come to mind, such as politicians, celebrities, dictators, socialites, industrialists, financiers, white collar criminals, and economy advocates that are underground. Other than top criminals that were known to have Swiss bank accounts, like Boston crime boss James “Whitey” Bulger, Swiss nationals and legal residents too held account with Swiss banks.

You may think they are exclusive, but in reality, anyone can open an account. You don’t have to have large amounts of money to open one either. At their web site, anyone can open an account with as little as 5,000 francs. Right now, the U.S. conversion would be $5,040. The American dollar is weaker than the Swiss franc, which has avoided the recent devaluation of currencies.

How Can I Set up an Account with a Swiss Bank?

  • You’ll have to write a correspondence letter to the bank of your choice, and should be accompanied with a money order or check.
  • You can transfer money from your bank to the Swiss bank through wire or the Internet.
  • Paypal and Western Union can be used to wire transfer or do money exchange, but contact the bank beforehand.
  • You can use a credit or debit card to fund the account.
  • Go to a local branch of the Swiss bank, like Credit Suisse.
  • Or go to a bank in Switzerland.

With these mundane techniques for opening an account, you may ponder how confidentiality was assumed and maintained for account holders, especially with the electronic and paper trails they leave behind. Clients of their bank that are a bit more sophisticated find ingenious ways to hide their funds, like using wire transfers, doing multiple offshoring, opening and closing accounts until their money has reached the Swiss bank. Of course, they’ll have the help of unscrupulous brokers, bankers and accountants. The account you have can also be placed in the name of another offshore company. There are some that have a global presence that is multi-layered. Then there are others that have wittily ambiguous phantom organizations that have store fronts and web sites that miraculous disappear and reappear with different names. The USA Today reported a prime example of an illicit money transfer ingenuity. Leon Cohen-Levy and Mauricio Assor, father and son hotel owners, were accused of placing revenue from the hotels to an HSBC Swiss bank account. The Panamanian firm was the account holder and the two men didn’t report their sales to the Internal Revenue Service.

With the privacy laws behind Swiss banks has brought a lot of suspicion regarding non-government and government organizations that have their money sent over to offshore Swiss accounts. Accusations have been directed that the Swiss banks’ cloak of privacy has protected drug lords, dictator, suspects of tax evasion and terrorists.

Think Again Before Opening an Offshore Account

America is proactively looking to uncover any American money that has been laundered using Swiss banks. Back in January of 2003, the U.S. Treasury announced that it and the Switzerland would be signing an agreement that will involve the sharing of information for tax purposes. In March 2009, Switzerland agreed to increase their anti-money laundering laws to honor their agreement with the U.S. So now that the 2009 treaty is in effect, account holders of Swiss bank accounts are required to be identified and any transactions that are suspicious must be reported to the Money Laundering Reporting Office.

Criminal charges are also to be filed against the 4,000 or so Americans who had an account with UBS Swiss bank. These account holders will be fully audited and will be liable for tax repayments and penalties, unless they are given leniency by the 2009 IRS voluntary disclosure program. This program has since ended, but Justice Department and IRS are still putting pressure on suspects of UBS and other offshore bank account holders.

Now that the Bush tax cut is nearing an end, the U.S. deficit is mounting, and the pending legislation for a dividend and capital gain tax increase, more and more U.S. citizens are being tempted to open up offshore accounts for their money. Even with all of the risks involved, like imprisonment, large fines, and disclosure threats, some are still risking it anyway.

If you’re all about saving money, you can find deals on Groupon. Here, there are thousands of coupons from sellers like Aerie, Foot Locker and Forever 21.

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In honor of Tom Cruise and Katie Holmes calling it quits after five years, here is Quentin Tarantino explaining why Top Gun is the gayest movie ever made

Details Of The 5-Year Marriage Contract Between Tom Cruise & Katie Holmes

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Everything is Backwards

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With the media blackout of Ron Paul, this is what I see eventually having to happen

Ron Paul media blackout

Ron Paul media blackout: The media will have to report about Ron Paul eventually.

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RNC Legal Counsel: Delegates are unbound, Ron Paul poised to win the nomination

Delegates are not bound who they have to vote for. With this news, Ron Paul should win the Republican nomination over Mitt Romney. After that statistics show Ron Paul would beat Obama. So, President Paul… that’s got a nice ring to it.

In what may be the most stunning revelation of the ongoing GOP presidential nomination process, it has been discovered that in 2008, the RNC Legal Counsel legally interpreted the RNC rules and concluded that all delegates, regardless of state party rules, could vote for whomever he or she chooses at the Republican National Convention. This legal inquiry by the RNC was the result of a delegate’s desire not to vote for a candidate who did not represent his principles. The significance of this legal interpretation by the RNC lawyers is that all delegates are free to vote for any candidate regardless of any such “binding”. Because the RNC was the organization that conducted this legal examination, their ruling trumps all state GOP rules.

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Ron Paul, Still Running for President, Wins Minnesota

Just like he told you, Ron Paul is continuing to rack up delegates and outright state wins in his continuing race for the Republican Party presidential nomination. In the Minnesota state Republican Party convention on Saturday, he came out controlling 32 of 40 delegates from the state.

The Park Rapids Enterprise reports on how Paul, who showed up to talk to his people at the convention the day before the final delegate vote, was received:

To chants of “President Paul,” 2,000 Minnesota convention delegates welcomed the Texas congressman and presidential candidate.

Ron Paul's rEVOLution: The Man and the Movement He Inspired

“There are a lot of friends of liberty in this town,” Paul said….

U.S. Senate candidate Kurt Bills endorsed Paul and Paul endorsed Bills. The Senate candidate said he will continue to back Paul until he is out of the race.

Several convention observers said that while Paul was well received, they did not hear probable Republican presidential nominee Mitt Romney mentioned during the day-long convention.

Paul, who finished second to Rick Santorum in this year’s precinct caucuses, told the Republicans that it is not just their party that latches onto his ideas.

“It is much, much bigger than this,” he added, saying that independents “and even Democrats” support his ideas.

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The Future For Gay Bigots

In 10 or 15 years from now, when gay marriage is legal in every state, historians will look back on days like today. They will be amazed that people actually thought it was really controversial that the President of the United States would say he was in support of it. I think it will be like now looking back on African American and woman rights. All the people on the wrong side of history today need to remember this day because I imagine there will be a lot of apologizing in your future.

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Ron Paul wins state number eight… and counting!

Ron Paul wins state number eight… and counting. The binding rule the guy in this video is talking about is real easy to get around I’ve been learning. None of these Ron Paul delegates will be voting for Mitt Romney in Tampa… it’s gonna be all Ron Paul. I can’t wait to see what happens. Occupy Wall Street couldn’t be more pleased.

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Ron Paul: Quietly becoming President of the United States

You probably didn’t know this but Ron Paul has been winning state after state after state. You probably didn’t hear about this information, but it’s happening. His organized grass roots campaigns are locking up more delegates than anyone else. He has a chance to win Texas and even California as it stands. He will take Florida and has already taken states like Iowa, Maine, Minnesota, Nevada, and Louisiana. It will be interesting to see what happens in the next 30 days. And, statistics show if it’s a Ron Paul/Obama election, Ron Paul will win. Ron Paul is quietly becoming our next President of the United States.

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Ron Paul Is Going to the Republican National Convention, and – Believe It Or Not – It’s Still Possible for Paul to Score an Upset Win Over Mitt Romney

Ron Paul wins Maine! Ron Paul wins Minnesota! Ron Paul wins Iowa! Ron Paul wins Nevada! Ron Paul wins Louisiana! The wins just keep coming in.  His delegate strategy is working no matter how hard the crooks with Romney try and stop him. Occupy Wall Street couldn’t be more pleased.

On Wednesday, the Washington Post tallied Ron Paul’s gains in various states:

At Massachusetts’ state convention less than half of Romney’s 27 chosen delegates won tickets to Tampa. Paul supporters were chosen instead. While all of the state’s delegates are committed to vote for Romney, the delegates get to decide on the party chairman, platform, and VP nominee. …Paul supporters are a majority in the Iowa GOP’s State Central Committee, and he’s set to claim a majority of the state’s delegates despite finishing third in the caucuses.

They dominated the caucuses in Louisiana, carrying four out of six congressional districts with a tie in a fifth. That means 74 percent of the state’s convention delegates will be Paul backers.

In Minnesota, Paul won 20 of 24 delegates allocated at congressional district conventions, and he’s expected to take more at the statewide convention.

Romney’s supporters and their criminal fraudulent activities here:

Ron Paul wins Nevada!

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If you trust Obama to veto CISPA or similar legislation you’re in for a rude awakening

It has become incredibly frustrating to deal with people who erroneously believe that Obama and his administration will live up to a single claim, promise, or statement. Especially since neither Obama nor his pals have given us a single reason to trust them while giving us tons of reasons not to, not the least of which being the fact that they claim they can kill you or me whenever they please, based on policies which they repeatedly have refused to justify in a court of law.

Back when the National Defense Authorization Act for Fiscal Year 2012 was being pushed through the House and Senate and making its way towards Obama’s desk I attempted to make it clear that the Obama administration’s supposed intention to veto the bill was nothing more than theater.

Of course, he ended up signing the bill with a meaningless signing statement claiming that he “signed this bill despite having serious reservations with certain provisions that regulate the detention, interrogation, and prosecution of suspected terrorists.”

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Police Caught Drugging Occupy Protesters

Video documentation by local activists and independent media shows that police officers and county deputies from across Minnesota have been picking up young people near Peavey Plaza for a training program to recognize drug-impaired drivers. Multiple participants say officers gave them illicit drugs and provided other incentives to take the drugs. The Occupy Wall Street movement, present at Peavey Plaza since April 7th, appears to be targeted as impaired people are dropped off at the Plaza, and others say they’ve been rewarded for offering to snitch on the movement.

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Ron Paul has Qualified to be on ballot at the Convention

Ron Paul Videos: Watch how fast and little coverage Fox News says this information.

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Youtube Deletes the entire RonPaul2008 channel with hundreds of videos that took 5 years to upload, millions of views and millions of likes. Hundreds of videos! Nobody was informed! Nobody knows why!

CNBC has filed copyright claims, but only against this Ron Paul channel, forget about the millions of CNBC videos on youtube, these pro-ron paul videos must go!

Claims filed by CNBC LLC

Nina Gabriel this woman appears to be some sort of turncoat. I’m not sure what’s going on with her.

Video of Nina Gabriel

Spread this video! Spread the news!

Simple logic would tell even the biggest moron alive that deleting this channel in the middle of someone’s presidential campaign is a gross violation of common ethics.

If youtube needed to trim the fat of old videos there are about 100,000 “leave britany alone!” Spoof videos that nobody ever watches any more.

This is disgusting! This is an outrage!

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Protesters hit streets for May Day rallies; violence flares in Oakland, Seattle

Protesters across the world hit the streets Tuesday on May Day to rally against austerity measures and call for higher wages and more jobs.

Marches turned violent in Oakland, where protesters pounded on bank windows and went face-to-face with a police line, and in Seattle, where protesters dressed in black smashed windows and police pepper-sprayed some in the crowds.

In the United States, the protests are seen as the biggest test for the Occupy movement since many of its camps were shuttered late last year. Occupiers in more than 100 cities across the country were expected to protest on the day that traditionally celebrates workers’ rights.

Occupy Wall Street is just getting warmed up.

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