It was January 2017, almost three years to the day before the ATO began knocking on doors, when Schiff and partner Mark Anderson filed into the Department de Estado – a pale-blue Spanish colonial-style building with two Puerto Rican flags adorning the front entrance — to sign documents registering their new venture.
"You would have to question why someone would place their money in a jurisdiction that's so far away, in a bank that doesn't pay any interest, in a bank that charges enormous fees for moving your money," Chevis said.Euro Pacific’s former IT director, John Ogilvie, also had questions after working at the bank in 2014-16. Ogilvie says he was confronted with a shambolic business, lax data security and high-risk clients.
“There's always a trace for us to pick up on and that might be through our own covert operations, it might be from an investor coming forward,” says Day.Day agreed to be interviewed on the condition he would not name any entity or individual. He is very careful. But he confirms the J5 chiefs began hunting for the sort of leaked data that informed the Panama Papers. He also confirms the title of the J5’s biggest investigation: Atlantis — the name of a mythic Greek island.
His corporate bank account at Euro Pacific was linked to a Seychelles company created to export furniture, he says. The bank never asked him about his past, Helgason says, only lots of standard check-the-box questions. Clark was a fan of Schiff’s podcast and shared his fears the economy would soon collapse. The 65-year-old says he’s worked hard all his life and wanted to secure his assets. In 2014, stashing some cash in an offshore bank backed by gold sounded like the right option. He says no authorities have got in touch, but he now plans to close the account.
The operation needs to “disrupt the operations of this particular financial institution”, but Day also stresses he is circling “those professionals who might be thinking about connecting their clients to these sorts of arrangements”. Flynn said in a statement that he helped clients with "legitimate commercial and fiduciary structures" with more than 50 banks around the world. He added: "[We] do not assist clients to evade taxes. So far as we are aware, no client of our firm has ever been accused of, let alone convicted of, tax evasion."
Here is 1 hour and 32 minutes of why this story is complete garbage. You can block him on Twitter but you will never stop him. Js :D
You should be ashamed to call this journalism. Js :D
It's insane to throw deflamatory labels at him such as not believing in white privilege etc, do you even research? He's probably the last famous guy to speak his mind and the truth. Western media is not fact-checked, downright wrong and completely bias.
Exclusive: How theft investigators from agencies around the globe launched simultaneous raids on wealthy people who were all using the same Puerto Rican bank run by an American millionaire. There. Fixed it for you. ☕️
Not surprised in order to avoid paying taxes!
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