Word: bankes
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...important whistle-blower in years, sends the worst possible message to other financial-industry insiders who might be considering coming forward. The Government Accountability Project (GAP), a Washington watchdog organization that has extensive whistle-blower experience, says a chilling effect is already apparent: a senior executive at a European bank that offers similar U.S. tax shelters is having second thoughts about going public because of the Birkenfeld case...
...Birkenfeld voluntarily approached U.S. authorities in May 2007 offering details on the illegal tax shelters run by UBS, where he had worked since 2001. When he realized that actual practices were violating stated bank policy, he raised his concerns internally; after being rebuffed and later finding himself in a dispute over a bonus payment, he decided to expose the wrongdoing. After talking with the IRS, Justice and the Securities and Exchange Commission and appearing before the Senate - and being told on at least one occasion by DOJ officials that they were not looking to prosecute him - Birkenfeld was arrested...
...Birkenfeld's lawyers deny this, saying he was merely trying to avoid any suspicion that he was cooperating with the government. Also, to reveal more about his clients, they say, Birkenfeld needed some legal cover - like a subpoena, which Justice did not offer - because he would be violating strict bank-secrecy laws in Switzerland, where he was living...
...threatened to release tapes that purportedly show senior Palestinian Authority figures enthusiastically backing the Israeli operation in Gaza, in the hopes that it would "finish Hamas." (Israeli officials dispute that suggestion.) What is clear, however, is that the Goldstone report had been applauded by Palestinians in the West Bank and Gaza, where more than 1,300 people died during the three-week offensive that also reduced most of the territory's infrastructure to rubble. And most found it unconscionable that their own government should be seen to be protecting Israel from any consequences of Goldstone's findings. (See pictures...
...Hamas had been unsure of how to act on the Goldstone report, Abbas made it easy for them by his Geneva intervention. The decision spurred a flurry of demonstrations in the Gaza Strip and West Bank, drawing furious condemnation from leaders of Hamas and Fatah and demands for an inquiry into how it came about. Hamas legislators convened to discuss the issue in Gaza City, with some of the movement's leaders accusing Abbas of treason. "If the Palestinian Legislative Council, which represents the Palestinian people and which is freely elected [and in which Hamas is the ruling party...