Whistleblower Lays Out Who Was Guilty in Massive Tax Scandal
November 2, 2020 | AAN Staff
Today David A. Keene discusses an oft-ignored international scandal involving tax evasion at the highest levels leading back to Washington, D.C.’s corridors of power. To understand all of the particulars, David spoke with whistleblower Brad Birkenfeld. Birkenfeld worked at the Swiss investment bank UBS, offering wealth management services before returning to the United States and disclosing Switzerland’s banking secrecy laws:
According to Birkenfeld, key figures in this scandal include Barack Obama, Joe Biden, Eric Holder, and Hillary Clinton. When Birkenfeld appeared before the United States Senate Homeland Security Permanent Subcommittee on Investigations in 2007 and shared knowledge of UBS’s illegal practices taking advantage of federal tax law, then-Senator Barack Obama was conspicuously absent.
Obama had revealed his presidential ambitions by that time. While Birkenfeld understands that, he cannot reconcile the fact that “at the very same time they were investigating UBS in that committee, [Obama] was accepting millions of dollars in bundling campaign contributions from the chairman of UBS Robert Wolf.”
According to Birkenfeld, that’s only the tip of the proverbial iceberg. Next comes Joe Biden and his implacable Delaware roots.
Birkenfeld details how the First State is a corporate tax haven, known for attracting a disproportionate share of nefarious businesses.
“But you don’t have to take my word for it; The New York Times in 2012 wrote an extensive article on it, and Joe Biden has done nothing to correct it,” Birkenfeld added, while saliently mentioning that Biden was in office at the time.
Methodically transitioning to former U.S. Attorney General Eric Holder, Birkenfeld starts with Holder’s decision to facilitate Marc Rich’s unjust presidential pardon. Rich, a billionaire, then hiding in Switzerland, had extensive ties to UBS. “But Eric Holder also represented UBS in private practice at Covington & Burling here in Washington,” exclaims Birkenfeld, exposing Holder’s conflict of interest.
Finally, we come to Hillary Clinton. Then-President Obama appointed her as Secretary of State, which made no sense given her curriculum vitae; however, in that role, she could oversee the investigation into UBS and quickly cover it up. The results were less than desirable, leaving Birkenfeld to ponder, “Out of the 19,000 clients that I exposed, she only got 4,700 of them. Why? That’s a 75% failure rate. Who picked those names?”
Perhaps more disturbing is the lack of transparency.
The government’s opaque response leaves few clues years later regarding the criteria used when deciding who to prosecute. But Clinton’s dereliction of duty didn’t end there. She failed to have the bank appropriately fined, a particularly egregious conclusion.
But that wasn’t all. “She under-fined the bank by a billion dollars because once it was settled, the Clinton Foundation received $600,000 from the Swiss government, $500,000 from UBS, and Bill Clinton got a payday for fireside chats at $1.4 million,” Birkenfeld said, concluding his long, sordid tale of corruption.
How do these people live and sleep with themselves? Aren’t they afraid that in the middle of the night “some one will bust in?” Are they paying the intelligence bureaus to protect them?