http://abcnews.go.com/Blotter/story?id=5394214&page=1

Sen. Levin: Shut Down Giant Swiss Bank UBS
Investigation Reveals Secrecy Tricks Allegedly Used by Swiss Bankers
By BRIAN ROSS, AVNI PATEL, and RHONDA SCHWARTZ
July 17, 2008

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Federal regulators should consider revoking the US banking license of the giant Swiss Bank UBS because of its role in helping wealthy Americans evade billions of dollars in taxes, Sen. Carl Levin (D-MI) told ABC News today.

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Guess the Senator doesn’t have a UBS account. His might be at Citibank, NA, New York, Succursale de Genève, or any of the hundreds of other ones.

Why is he attackign the rich for doing what any normal person would want to do — keep one’s own money. From the theiving politicians!

Here’s the list of “tricks”:

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Tax Haven Bank Secrecy Tricks
• Code Names for Clients
• Pay Phones, not Business Phones
• Foreign Area Codes
• Undeclared Accounts
• Encrypted Computers
• Transfer Companies to Cover Tracks
• Foreign Shell Companies
• Fake Charitable Trusts
• Straw Man Settlors
• Captive Trustees
• Anonymous Wire Transfers
• Disguised Business Trips
• Counter-Surveillance Training
• Foreign Credit Cards
• Hold Mail
• Shred Files

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[Private note to Luddite: Watch out you have a CODE NAME!]

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