TruthNeverTold October 8 2013
[youtube=http://youtu.be/D62bD7lDOYs&w=500]
Bernard Madoff
ICIJ Releases Offshore Leaks Database Revealing Names Behind Secret Companies, Trusts
ICIJ June 14 2013 (Thanks, C.R.)
Search the ICIJ database here
ICIJ Releases Offshore Leaks Database to Public [~6 min. video]
When Bernard Madoff built his $65 billion house of cards; when food distributors passed off horsemeat as beef lasagna in Europe; and when Apple, Google and other American companies set up structures to channel their profits through Ireland — they all used tax havens.
They bought secrecy, minimal or zero taxes and legal insulation, the distinctive products that tax havens market and that allow companies to operate in a fiscal and regulatory vacuum. Using the offshore economy is akin to acquiring your own island where the rules that most citizens follow don’t apply.
The International Consortium of Investigative Journalistspublishes today a database that, for the first time in history, will help begin to strip away this secrecy across 10 offshore jurisdictions.
The Offshore Leaks Database allows users to search through more than 100,000 secret companies, trusts and funds created in offshore locales such as the British Virgin Islands, Cayman Islands, Cook Islands and Singapore. The Offshore Leaks web app, developed by La Nación newspaper in Costa Rica for ICIJ, displays graphic visualizations of offshore entities and the networks around them, including, when possible, the company’s true owners.
Attacking Apathy
The data are part of a cache of 2.5 million leaked offshore files ICIJ analyzed with 112 journalists in 58 countries. Since April, stories based on the data — the largest stockpile of inside information about the offshore system ever obtained by a media organization — have been published by more than 40 media organizations worldwide, including The Guardian in the U.K., Le Monde in France, Süddeutsche Zeitung and Norddeutscher Rundfunk in Germany,The Washington Post and the Canadian Broadcasting Corporation (CBC).
ICIJ’s investigation — called Offshore Leaks by the Twittersphere and the public —has shaken the political and economic establishments from South Korea to Canada, sparking investigations, resignations and a renewed sense of urgency among world leaders that this is the time to rein in offshore abuses .
SOLA 5.10 ~ Ponzi Politics
Charles Ferguson ~ Heist Of The Century: Wall Street’s Role In The Financial Crisis
Wall Street bankers could have averted the global financial crisis, so why didn’t they? In this exclusive extract from his book Inside Job, Charles Ferguson argues that they should be prosecuted.
Charles Ferguson – Bernard L Madoff ran the biggest Ponzi scheme in history, operating it for 30 years and causing cash losses of $19.5bn. Shortly after the scheme collapsed and Madoff confessed in 2008, evidence began to surface that for years, major banks had suspected he was a fraud.
None of them reported their suspicions to the authorities, and several banks decided to make money from him without, of course, risking any of their own funds. Theories about his fraud varied. Some thought he might have access to insider information. But quite a few thought he was running a Ponzi scheme. Goldman Sachs executives paid a visit to Madoff to see ifthey should recommend him to clients.
“Chasing Madoff” ~ The Real Story Behind the Largest Ponzi Scheme in History
Financial Sense | February 9 2012
Producer/Director Jeff Prosserman discusses his explosive documentary, “Chasing Madoff”
James J Puplava is pleased to welcome Producer/Director Jeff Prosserman to discuss his explosive new documentary “Chasing Madoff,” the story of Harry Markopolos and his ten year struggle to expose Bernie Madoff and save investors’ life savings. Finding himself trapped in a web of epic deceit, the once unassuming Boston securities analyst turned vigilante investigator now feared for his life and the safety of his family, as he discovered no one would listen. “Chasing Madoff” tells the story the regulators hid from the public and which is still widely ignored by the media.
Jeff Prosserman is the Executive Producer and Principal of Gusto Goods. Gusto Goods is a production company based in New York and Toronto specialized in the development, production, and marketing of socially evocative films and documentaries.
Listen to audio-taped conversation here
Related articles
- Madoff Victims File $19 Billion Lawsuit Versus JPMorgan Chase (inquisitr.com)
- Judge Bars Lawsuit by Bernie Madoff’s Trustee (onebluestocking.wordpress.com)
- Madoff son’s widow returned to NYC home of suicide (seattletimes.nwsource.com)