Hundreds of Super Rich Under Investigation
Senate Committee Wants To Question Secret Account Holders & Bank Officials
California businessman Peter Lowy’s name was on a list of secret account holders at LGT bank. Lowy’s attorney says his client has done nothing wrong.
Also called to testify tomorrow are current and former officials of the giant Swiss bank UBS, including the head of the private wealth management Americas office, Martin Liechti, who was briefly detained by US authorities in Miami in May.
In court documents, federal prosecutors say UBS bankers helped set up many of the secret accounts in Liechtenstein and, overall, hid as much $20 billion belonging to US citizens.
“Sums are enormous and UBS appears to have been particularly aggressive in the way they marketed their activities in the US and elsewhere,” said Christensen. “So UBS is extremely vulnerable to losing their license in the US.”
One Comment
Any one who goes after the super rich are on a witch hunt cause by the time they get to the source the money is already gone. Like if i had money in russia you nor the us gov can get to it cause you have no rights over there as they have no rights over here we as americans are doing the same as other rich people do in other parts of hte world you hold your money offshore cause the gov is greedy and so are all the politicians that are trying to go after tehm for it before they go after them the gov needs to look right at the home office first like sen mccains wife worth over 100 million your t=elling me that all her money is in the us i dont think so cause if it was she wouldnt have that much its so easy to hiude money and there is nothing that anyone can do about it just be grateful that they are living here and spending there money here and not in china or other countrys cause if you dont leave them alone they are going to sell and live somewhere were this is no care of were they keep there money.