Wednesday, January 19, 2011

US and State Judges Likely among Swiss Bank Accounts Holders

Los Angeles, January 17 – in view of the pending WikiLeaks release of Swiss banking data, Human Rights Alert (NGO) and Joseph Zernik, PhD, suggest that significant number of US and state judges are likely to be among US citizens holding numbered bank accounts in Switzerland.

Review of numerous cases in the US and state courts shows a tight alliance between judges and large financial institutions, in disregard of the judges’ oaths of office, through the conduct of alleged Fraud on the Courts in litigations involving financial institutions. Such conduct undermines the stated US government efforts to establish honest and effectual banking regulation.

Growing body of evidence suggests that both US and state judges have accepted financial benefits from large financial institutions. In 2008 Dr Zernik filed requests with California Judge Terry Friedman (Los Angeles Superior Court), US Judge Virginia Phillips, and US Magistrate Carla Woehrle (US District Court, Central District of California) for statements on the record regarding financial benefits to them or family members residing with them from such institutions (pursuant to the California Code of Judicial Ethics). All three refused to provide such statements.

In 2009 whistle-blower Bradley Birkenfeld led to the discovery that an estimated 40,000 US wealthy citizens were holding Swiss numbered accounts with UBS-AG. Birkenfeld was swiftly sentenced by a US court to years in federal prison. He was never able to collect rewards provided by the False Claims Act and stated US policies, which could have amounted to billions of US dollars. The criminal prosecution of the culprits - banking executives - was never materialized, and the US government negotiated an agreement with the Swiss government, according to which the names of the vast majority of the offenders were never released by UBS-AG.

Regardless of mounting credible evidence of racketeering by Bank of America and its senior executives, including Brian Moynihan, US banking regulation agencies refuse to take action. It is claimed that conduct of such agencies is caused, at least in part, from the realization that under conditions that prevail today in the US courts, there is no way to prosecute banking executives.

Human Rights Alert suggests that US officials in general, and state and US judges, in particular, are likely to be among the Swiss accounts holders. Moreover, a Swiss law, which would prohibit deposits by US government officers while in office in Swiss bank accounts, is likely to materially affect restoration of US government and US financial markets integrity and stability.

Through the pending release of both US and Swiss banking records WikiLeaks is therefore likely to support effective banking regulation in the United States, where US agencies and the US courts are acting in disregard of the law.

LINKS:

[i] 11-01-17 Swiss Whistle Blower Hands Bank Data to WikiLeaks
http://www.scribd.com/doc/47052191/
[ii] Zernik, Joseph: Securities and Exchange Commission v Bank of America Corporation - Pretense Litigation and Pretense Banking Regulation in the United States
http://www.scribd.com/doc/44663232/
[iii] 11-01-10 Request for investigation/impeachment proceedings, in re: US Judge JED RAKOFF and Clerk RUBY KRAJICK, US District Court, Southern District of New York, Conduct of Securities and Exchange Committee v Bank of America Corporation (1:09-cv-06829) s
http://www.scribd.com/doc/46616530/
[iv] 09-08-25 UBS AG Whistle Blower Birkenfeld Imprisoned
http://www.scribd.com/doc/47053350/
[v] 10-05-05 Countrywide, Bank of America (NYSE:BAC), and its President Brian Moynihan - Compilation of Records - Evidence of Racketeering
http://www.scribd.com/doc/30975368/
[vi] 10-06-11 Complaints Filed with Office of Comptroller of the Currency and SEC against Countrywide, Bank of America (NYSE:BAC), and Brian Moynihan - alleging fraud on shareholders, on banking regulators, and on the US taxpayer
http://www.scribd.com/doc/32907453/
[vii] 10-05-05 Chairs of US Congress Committees of the Judiciary and Banking Are Requested to Join Senator Feinstein’s Inquiries on Comptroller of the Currency and US Dept of Justice Inspector General
http://www.scribd.com/doc/30979882/

3 comments:

  1. Wrong again. The UBS Whistleblower, Bradley Birkenfeld, came forward in 2007, not 2009. He voluntarily initiated contact with the IRS, SEC, Department of Justice and the U.S. Senate Subcommittee on Permanent Investigations, all in 2007. They all commenced investigations into UBS as a result of his coming forward. He revealed a boatload of inside information to them.

    The results: $780 Million fine paid by UBS; UBS shuts down entire offshore private banking operation for the U.S.; entire executive board of UBS in Zurich is fired; a new tax treaty was entered into between the U.S. and Switzerland; 4,450 names of American account holders handed over by UBS to U.S. authorities.

    And you have absolutely no idea what the status is of any whistleblower claim that he has, do you?

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