As a personal banker operating for the most important financial institution on the earth UBS (Union financial institution of Switzerland), Brad Birkenfeld used to be knowledgeable in Switzerland's shell-game of offshore businesses and mystery numbered bills. He wined and dined ultrawealthy consumers whose thousands of bucks have been hidden clear of enterprise companions, spouses and tax professionals. As his shopper checklist grew, Birkenfeld lived a lifetime of cash, quickly automobiles, and gorgeous ladies, yet then he came across that UBS was once making plans to betray him, so he blew the whistle to the U.S. executive.
the dept of Justice scorned Birkenfeld's remarkable whistleblowing and tried to silence him with a cost of conspiracy. but Birkenfeld wouldn't be intimidated. He took his secrets and techniques to the U.S. Senate, Securities and alternate fee and the interior profit provider, the place he prevailed.
His bombshell revelations helped the united states Treasury recuperate over $10 billion in again taxes, fines and consequences from American tax cheats. yet Birkenfeld was once stunned to find that while he used to be cooperating with the united states executive, the dept of Justice was once nonetheless doggedly pursuing him. He used to be arrested, convicted and served 3 years in federal criminal. whilst he emerged, the inner profit provider gave him a whistle-blower award for $104 million, the most important such payout in history.
A page-turning real-life mystery, Lucifer's Banker is an engaging behind-the-scenes examine the Swiss high-net-wealth banking and a harrowing account of our government's justice method. Readers will stick with Birkenfeld as they're going to proportion his outrage with the incompetence and attainable corruption on the division of Justice, and they'll cheer him on as he ''hammers'' probably the most recognized and robust banks on the planet.
Read Online or Download Lucifer's Banker: The Untold Story of How I Destroyed Swiss Bank Secrecy PDF
Similar Banks Banking books
Banks are of significant significance for fiscal progress, the allocation of capital, competitiveness, and monetary balance. Propelled via technological advances in monetary research and fiscal deregulation, the banking industry's funding performed a key function in bettering nationwide financial development within the early twenty first century.
An research which areas London in its international monetary surroundings and strains, with new element, the origins of "Big Bang". It makes an attempt to investigate the fewer usual evolution of many urban associations, together with the large banks - whose enterprise and way of life is tested - the recent funding banks, the service provider banks and London's great overseas banking fraternity.
The monetary integration of the international locations of significant and jap Europe and the Commonwealth of self sufficient States used to be arguably the most profound alterations skilled by way of the realm financial system within the Nineteen Nineties. This ebook examines those nations in reforming their monetary platforms within the fist decade of transition.
The expanding interdependence of the area economic system has large implications for worldwide finance within the twenty-first century. This quantity brings jointly best students and practitioners to provide in-depth analyses of the hot path open to the monetary providers undefined. They discover the demanding situations and possibilities of the recent finance period, destiny improvement in monetary markets, with specific emphasis at the position of recent applied sciences and the industry's view of strengthening monetary intermediation.
Additional resources for Lucifer's Banker: The Untold Story of How I Destroyed Swiss Bank Secrecy