What is Suisse Secrets? Everything You Need to Know About the Swiss Banking Leak.

• What is Suisse Secrets?
• Where did the data come from? What’s known about it?
• What’s in the leaked data?
• Why are clients from some countries not represented in the data?
• How was the veracity of the data checked? What do we know and not know?
• How did journalists select whose information to publish? What about privacy concerns?
• What is a bank’s responsibility regarding its clients?
• What do experts say needs to change?
• What is Credit Suisse’s point of view? How has the bank responded?
• What is OCCRP’s response to Credit Suisse’s criticisms?

Pirate Bankster
Some Experts tried to make sure that the bank then received really tough
penalties. But with limited success, even under the Democrats. In
2014-15, after Credit Suisse pled guilty to enabling $20b of tax dodging
by wealthy Americans, James S. Henry joined with Ralph Nader, Andreas Frank
(Germany), Dr Paul Morjanoff Australia), Bart Naylor(DC), and two
Holocaust survivors in an effort to get the US Department of Labor to
ban CS from advising US pension funds. This was under a law that bans
convicted felons from giving such advice unless they get a DOL waiver.

In January 2015 they presented a full day of testimony, offering evidence
of CS chicanery on 4 continents. However, with the help of lobbyists
and lawyers — including Knight Spaulding’s Chris Wray, who had
represented the bank in the tax dodging case, DOL gave CS a 5-year
“waiver.”

Meanwhile, most of its $2.6b fine from Obama’s DOJ was tax deductible
in Switzerland. No one went to jail. CS lost none of its banking
licenses either in the US or anywhere else. Of course CS had also
pocketed at least $25b of gov bailouts in 2008-2011 during the GFC. Nor,
as we learned from the survivors, did it ever fully honor its 1990
commitments to them. So the actual net penalties were pretty slight —
especially on a NPV basis

Sadly for CS shareholders, however, since 2015, the bank has not
performed very well among international banks — partly because it has
acquired such a dodgy reputation

But CS has managed to slither on.

Indeed, it has diversified in some rather disturbing ways that this
OCCRP investigation doesn’t mention — for example, by acquiring 25%
of the high frequency trading platforms now used on Wall Street to
handle 75% or more of trades. 2021 was a record year for high freq
trading, most of which is anonymous – rt up CS’s alley.

Furthermore, in mid 2017, after Trump fired Comey as FBI Director, who
do you suppose he and the US Congress select to replace him — with
overwhelming bipartisan support?

None other than CS’s chief xUS defense attorney, Chris Wray. Not
surprisingly, white collar crime cases by the US DOJ + IRS against major
banks have completely dried up since 2017.

And in 2019 — despite “Suissegate,” “Pandora Papers,” and
“Panama Papers,” plus superb additional work by Dr Morjanoff in
Australia, Andreas Frank in Germany, Khadija Sharife in RSA, + our own
research — CS got yet another 5-yr DOL waiver, this time without even
a hearing.

So now we have the long-run context for the important additional
evidence on display in this latest OCCRP story.

How can we make sure that THIS TIME AROUND it will make a difference?

See more: Suisse Secrets-das-ist-das-leak

Harm Bengen / Business Dresses for Banker
www.w-t-w.org/en/harm-bengen
www.harmbengen.de