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Massive Financial Secrets Revealed


They sought the utmost secrecy in offshore tax havens. But now some of the world’s wealthiest citizens are having their undisclosed financial records laid bare.

An unprecedented leak of documents is revealing the closely guarded investment information of more than 100,000 people around the world, including hundreds of Canadians.

In what is believed to be one of the largest ever leaks of financial data, the Washington, D.C.-based International Consortium of Investigative Journalists has received nearly 30 years of data entries, emails and other confidential details from 10 offshore havens around the world.

CBC News has partnered with the ICIJ over the last seven months to gain exclusive Canadian access to the information. Thirty-seven media outlets in 35 other countries are also involved.

“This secret world has finally been revealed,” said lawyer and international tax expert Art Cockfield, a professor at Queen’s University in Kingston, Ont.

MAP Tax haven data leak reverberates around globe

“I find it absolutely fascinating to get a look at this data dump. I think this is the very first time where people like myself, and maybe even government officials, have had access to this information.”

The files contain information on over 120,000 offshore entities — including shell corporations and legal structures known as trusts — involving people in over 170 countries. The leak amounts to 260 gigabytes of data, or 162 times larger than the U.S. State Department cables published by WikiLeaks in 2010.

“What we found as we started digging in the records is a pretty extensive collection of dodgy characters: Wall Street fraudsters, Ponzi schemers, figures connected to organized crime, to arms dealing, money launderers,” said Michael Hudson, a senior editor at the ICIJ, who worked with a team for months to sort through the information.

News tips

If you have more information on this story, or other investigative tips to pass on, please email in************@cb*.ca

“We just found a lot of folks involved in questionable or outright illegal activities.”

There was also plenty of information related to legal offshore dealings. Offshore investments aren’t illicit as long as they are not used to evade taxes or launder money.

As reported by CBC News yesterday, the files show that a Canadian senator and her husband, one of the country’s most prominent class-action lawyers, were beneficiaries of a confidential offshore account in the Cook Islands that was used to make investments via Bermuda.

The leaked data also contains revelations about:

  • Elite Russian scammers who stole $230 million from the country’s treasury in a deadly heist that sparked a diplomatic row with the U.S.
  • The fraudster hit with the second-biggest fine in history from Ontario’s stock-market regulator.
  • Top German, French and Swiss banks that set up thousands of secretive companies in offshore havens for such clients as Thai and Pakistani politicians.

In many cases, the leaked documents expose insider details of how agents would incorporate companies in Caribbean and South Pacific micro-states on behalf of wealthy clients, then assign front people called “nominees” to serve, on paper, as directors and shareholders for the corporations — disguising the companies’ true owners.

Often the companies were set up through intermediary law and accounting firms, as well, adding a further layer of anonymity for investors.

BUYING SECRECY Interactive: How offshore havens attract the wealthy

“These people have no idea whatsoever about the activities of the companies that they are apparently responsible for. Now, this is a complete travesty,” said John Christensen, director of the Tax Justice Network, an international coalition that campaigns against offshore finance.

“But it is actually crucial to this process of not revealing who the real person is behind the company.”

Sometimes these methods were used by figures with known links to organized crime, arms dealers and ex-mercenaries. In other instances, documents reveal tax dodgers funnelling money offshore, beyond the eyes and arms of their nation’s treasury.

Canadians at top

Many of the leaked records consist of emails between employees and customers of specialty firms that set up and administer tens of thousands of offshore companies.

One of those firms — Commonwealth Trust Ltd., based in the British Virgin Islands in the Caribbean — was founded and, until 2009, run by a Toronto native, Tom Ward. The company’s senior ranks included a number of other Canadians. It mainly sets up corporations in the BVI for the wealthy, charging around $2,000 a year per account for its services.

MAP Canada’s offshore account-holders

Another agency, Portcullis TrustNet, has offices on tropical islands around the globe, including in the Cook Islands near New Zealand, as well as the BVI, the Caymans, Mauritius, Samoa, Singapore and Hong Kong. A former senior manager at the company is a Canadian lawyer.

Not all the firms’ leaked emails are strictly business. There’s also hundreds of intra-office missives about cricket, after-work drinking plans and the latest internet memes.

“I am getting some very funny looks as I sit here crying with laughter at that one,” a TrustNet employee messages a co-worker after watching a YouTube video that was sent around.

Another colleague describes a recent Monday evening trip to the bar in an email to her mom: “What started out as being just one drink ended up being 3 double bourbons and hello?! Can I just get drunk?! Haha.”

Up to $32 trillion stashed offshore

Offshore tax havens have existed for at least 100 years. While there’s no firm definition, the International Monetary Fund says most of what it officially calls “offshore financial centres” are distinguished by:

  • A banking sector that primarily serves non-residents.
  • Low to no taxation on foreign firms and people.
  • Tight financial secrecy.

By those terms, there are up to 80 tax havens in the world, including such countries as Panama, Liechtenstein and Switzerland but also tiny island territories like Jersey, Malaysia’s Labuan, the Isle of Man and the Turks and Caicos.

Publishing decision

CBC Editor Jennifer McGuire explains why CBC News isn’t publishing all 450 Canadian names.

Worldwide, the Tax Justice Network estimates that between $21 trillion and $32 trillion of private wealth is held offshore, out of reach of national treasuries (a more conservative estimate by the Boston Consulting Group puts the figure at $8 trillion). The international organization says that translates to up to $280 billion a year in lost taxes — twice what the world’s richest countries spend combined on foreign aid.

Canada’s share of that, assuming it’s the same as the country’s proportion of global GDP, would be about $7 billion, or a quarter of the federal government’s projected 2012 budget deficit.

Countries have discussed ways to stem the tax drain to offshore havens for years, but so far have been unable, or unwilling, to fully plug the leak.

In last month’s federal budget, Finance Minister Jim Flaherty promised to set up a system for tipsters to report offshore tax cheats. Informants would get 15 per cent of the recouped tax in cases where the Canada Revenue Agency recovers more than $100,000. The government estimates it could recover hundreds of million in revenue. But the Tories also cut $47 million a year from the budget of the Canada Revenue Agency.

If you have more information on this story, or other investigative tips to pass on, please email
in************@cb*.ca. You can also send mail to: CBC Investigations Unit, 205 Wellington St. W., Toronto, Ontario, M5V 3G7

With files from Nicole Reinert

Source »

One of the significant sources of funds for the Cabal is the healthcare industry which registered a whopping $2.7 trillion in 2011, and is projected to soar to $3.6 trillion in 2016, in the US alone. We believe that this is just a conservative figure.

You can join the fight against the Dark Cabal and accelerate its demise just by boycotting Big Pharma. You can effectively do this by downloading “Towards Healthcare Emancipation“, a fully illustrated do-it-yourself instructional eBook that will help you in implementing all eClinik methods that would negate the use of expensive medicine, avoid radioactive diagnostics and treatments in completely defeating cancer, AIDS and all other parasitic diseases. These methods, when faithfully followed, work 100% all the time. Find out more about this here.

We are very grateful to the following for the love and support they’ve given us for the period between March 26th and April 2013:

OHSIC PL, $30
Peggy P, $20
Matthew W, $35
Pamela F, $100
David M, $30
Monika ME, $30
Levi H, $20
Rhoda D, $20
Rick G, $50
Keith H, $75

Howard K, $5
Geoffrey D, $10
Mike R, $20
Clayton F, $5
Sheryl C, $25
Russ M, $20
Steven K, $20
Joyce D, $10
Chris A, $5

AHC, $50
Rodrigo B, $5
Linda H, $6
Terry B, $5
Chris A, $1
Kipp S, $10
Wendell I, $12
Edgar R, $10

Mabuhay!

Health & Medicine - Top Blogs Philippines

GLOBAL FINANCIAL ALERT [UPDATED]

Update, 8april2013: ASIA BEWARE… YOU’RE NEXT!

·         Central bankers secretly stockpiling gold through third parties in anticipation of euro collapse

·         Greek assets – even whole islands – being secretly sold off to pay troika

·         Check for $300 million signed by CEO of major bank is used to defraud global gold reserves

·         United Bank of Switzerland selling US dollars at 20% discount in preparation for collapse, while UBS bonds are discounted more than 30% in global trade, as banksters try to dump fast for cash now

·         Cyprus theft of savings accounts was test run, coming soon to a bank near you

·         How Neil Keenan and the Alliance intend to prevent oligarchy’s plan for financial chaos

by Michael Henry Dunn

JAKARTA, April 5, 2013:  Word has reached Neil Keenan here that the banking cabal’s fear and desperation are now moving into what may be a final phase.  They tried triggering World War III and that didn’t work. They thought they could depopulate the planet through designer diseases, and that didn’t work.  They thought they could escape to vast underground cities, and (thanks to off-planet allies) that can no longer work.  Facing exposure, humiliation, and prison (if they are lucky) they are now down to their last desperate throw: to create financial chaos by collapsing world currencies and pulling off a vast Cyprus-style theft of middle-class savings in the U.S.  As global forces line up behind Neil Keenan, the Alliance, the Qing Dynasty, and the imminent “Changing of the Guard” to reclaim control over the Global Collateral Accounts, the oligarchs are desperately stockpiling gold in the hope that they can once more dominate an impoverished humanity by surviving the chaos that they themselves plan to trigger.

Not going to happen – they made the mistake of stealing from Neil Keenan.

Clearly, there’s more to it than that, and this fight for freedom has been secretly waged by thousands of men and women for decades.  But it may well be that historians will look back at the moment when the hapless Daniele Del Bosco absconded with $144.4 billion in bonds entrusted to Keenan by the Dragon Family as the turning point that set the final wheels in motion to bring down Financial Tyranny. As Del Bosco attempted to launder the bonds through the Italian government, the U.N., the World Economic Forum, and the so-called Office of International Treasury Control, Keenan relentlessly pursued the unfolding evidence that led to the Trillion-Dollar Lawsuit and the creation of the Monaco Accords, which are now supported by more than 160 nations.  Information continues to flow into Keenan on a daily basis from multiple sources, as witnessed first-hand by this writer.

Forces are now in motion to prevent this final dark plan from succeeding.  The cabal’s desperation is palpable.  It’s every man for himself, as the once monolithic Illuminati becomes merely a pack of vicious thieves – which is all they ever were in fact – fleeing from the justice they thought they would never face.  Meanwhile, the pressure on them increases daily as the avenues of escape are closed off one by one.  And military, militia, and intelligence cooperation is poised to make the long-awaited final sweep of the cabal power structure.

The cabal’s strategy down through the ages has always been the same: “out of chaos, order.”  They create the chaos, and then impose an ever more oppressive “order,” in order to degrade free human beings into debt slaves.  They lived by their twisted version of The Golden Rule: ”he who has the gold makes the rules.”  They amassed the gold reserves now known as The Global Collateral Accounts on the pretext of removing the cause of war (while slaughtering millions in a series of gold-theft wars).  In a century-long struggle, they succeeded in subverting their greatest enemy – a free American republic – into the bankster-controlled U.S.A., Inc., via their secret ownership of the Federal Reserve System. They triggered the Great Depression so they could buy America for a song while outlawing private ownership of gold.  The final phase of their grand strategy called for their rulership over a post-Armageddon remnant of mankind.  These plans have now fallen apart, and their grand goal of ultimate dominion has been reduced to a desperate struggle for survival.

Agency sources confirmed to Keenan in a face-to-face meeting in Jakarta this week that the bankster sect is planning a counter-attack in the coming weeks, hoping to get their last moves in before Keenan and the Alliance take control of the Global Accounts.  The disarray in their ranks is evident from the following reports that high-level financial contacts have provided to Keenan in conversations witnessed by this writer in recent days:

·         Josef Ackerman of Deutschebank, and other European central bankers, have reportedly supervised secret stockpiling of gold through vast purchases through third and fourth party front men. These purchases of precious metals are paid for with euros that will soon be worthless.  Ackerman’s gold buyers are authorized to purchase as much as 10,000 metric tons per month – a staggering amount.

·         So-called “bail-outs” will be offered to struggling European nations – bail-outs comprised of the same baseless euros – charging usurious rates of eighteen to twenty percent.  The struggling nations will ultimately be unable to pay, and the bankers will come calling to claim national assets and sovereignty for a pittance. This is already happening, of course, in Greece, where parts of Greece itself are being sold off to foreign buyers, such as a large section of the idyllic Greek island of Corfu.  Our source stated that if the Greek people knew what was really going on, “there would be a revolution tomorrow.”  The Emir of Qatar has been making regular buying trips to Greece for the last three months.  It remains to be seen if there will be anything left of Greece for the Greeks.

·         The euro itself is doomed: as noted here before, the gold reserves backing the euro have been leased with counterfeit notes issued by Mario Draghi’s European Central Bank.  Neil Keenan has massive documentation of this fraud, and will be coming after the ECB and Draghi in short order.

·         Sources report that United Bank of Switzerland is now selling US dollars at 20% discount in preparation for collapse, while UBS bonds are discounted more than 30% in global trade, as banksters try to dump fast for quick cash.

·         Attempts to defraud the Global Accounts are becoming ever more brazen, as a $300 million dollar bank draft bearing the signature of the CEO of one of the world’s largest banks was reportedly used in an attempt to persuade banks to bypass the usual four to six week waiting period for verification of such funds, so that funds supposedly based in Global Account gold assets could be withdrawn within five days of deposit.  By the time the fraud would be revealed (our source stated), the funds – and the fraudsters – would be gone.  This is but one instance, we are told, of multiple such attempts to raid the global candy store before the new sheriff shuts down the racket.

·         Multiple high-level sources have told Neil Keenan: “everyone knows you’re coming – you’ve got them running scared.”

As recently reported by Drake Bailey, the U.S. Department of Homeland Security is implementing Cyprus-style plans to seize bank accounts, and contents of safety deposit boxes, if any such are judged to be “of a contraband nature,” in the opinion of the agent.  This danger to ordinary Americans’ savings was confirmed to Neil Keenan in person this week by an intelligence community contact, who stated that DHS is planning to use mercenary forces comprised of foreign nationals to back this brazen destruction of the American middle class.  Pentagon and agency forces are lined up to defeat any such move, and it is expected that the vast American militia movement would immediately swing into action as well.  DHS is apparently one of the last lairs of cabal operatives, and should be a target of Alliance efforts in the coming days.  We hope and intend that violence will be avoided, but it may well be that the end game will be tough going.

The reason the control of the Global Accounts is so crucial at this critical turning point is simple: it is the cabal’s last available source of actual (as opposed to fiat) money.  Mercenaries don’t work for free.  Once the final agreements are signed, and Mr. Keenan and the Alliance take over management of the Accounts, the final framework for global financial reform will be in place.  This event is imminent.  Hard on the heels of the agreements, Keenan’s trillion-dollar lawsuit will be re-filed with final damning evidence in place, and the liens on the central banks will be re-imposed.  With this legal basis firmly established, other long-planned moves against the cabal will swiftly follow.

As the dust from this momentous Changing of the Guard settles, plans call for rapid implementation of emergency funds, eradication of phony debt, and careful development of humanitarian programs for the nations of the world.  These funds will not be distributed to governments or banks, but to foundations that serve the people, that stimulate national economies, rebuild infrastructure, implement free energy technologies (yes, they exist!), restore the environment, or provide health care and education.

It may well be asked by reasonable persons how it could possibly be that one man, Neil Keenan, could be so formidable and dangerous to the survival of a ruthless and murderous cabal, and avoid being killed by them.  Keenan has avoided mention of this topic in past posts, but I think it important that all those praying for his success should know that he has survived four such attempts in the last three years.  The protection around him has increased with each successive attempt, and Mr. Keenan himself inflicted heavy punishment on one assailant in Europe (the would-be assassin ended up in the hospital, while Keenan escaped with a scratch).  Attribute it to the luck of the Irish (though the Irish say that if it weren’t for bad luck, we’d have no luck at all), or to the prayers of millions, or to the guardianship of intelligence community allies, or to the protective devas invoked for him in Indonesian ceremony, but the fact is that Neil Keenan now laughs at the thought of danger, and is confident of success.

Of course, Keenan pretty much laughs at danger in any case…or even relishes it.  This reporter witnessed Keenan’s blithe response to an apparent attack by a black-clad female assassin in a Jakarta shopping mall only days ago:

  ARVE Error: need id and provider

OK, folks, we know how serious all this is, but do you expect Neil Keenan to stop being Neil Keenan?  As may be expected, the would-be attacker not only got off scot free, but was given a generous tip!

From Jakarta, where we find something to laugh about even on dark days…..(but it’s spring, and the days are getting brighter, and longer – here’s hoping we’ll look back on this April in years to come as a turning point for us all).

Michael Henry Dunn

One of the significant sources of funds for the Cabal is the healthcare industry which registered a whopping $2.7 trillion in 2011, and is projected to soar to $3.6 trillion in 2016, in the US alone. We believe that this is just a conservative figure.

You can join the fight against the Dark Cabal and accelerate its demise just by boycotting Big Pharma. You can effectively do this by downloading “Towards Healthcare Emancipation“, a fully illustrated do-it-yourself instructional eBook that will help you in implementing all eClinik methods that would negate the use of expensive medicine, avoid radioactive diagnostics and treatments in completely defeating cancer, AIDS and all other parasitic diseases. These methods, when faithfully followed, work 100% all the time. Find out more about this here.

We are very grateful to the following for the love and support they’ve given us for the period between March 26th and April 2013:

OHSIC PL, $30
Peggy P, $20
Matthew W, $35
Pamela F, $100
David M, $30
Monika ME, $30
Levi H, $20
Rhoda D, $20
Rick G, $50
Keith H, $75

Howard K, $5
Geoffrey D, $10
Mike R, $20
Clayton F, $5
Sheryl C, $25
Russ M, $20
Steven K, $20
Joyce D, $10
Chris A, $5

AHC, $50
Rodrigo B, $5
Linda H, $6
Terry B, $5
Chris A, $1
Kipp S, $10
Wendell I, $12
Edgar R, $10

Mabuhay!

Health & Medicine - Top Blogs Philippines