Oct 6, 2014 – Mikhail Khodorkovsky is “doing” the U.S. He appeared on big-time celebrity TV and I saw him today at the Council on Foreign Relations. After some dicey years as a Russian “oligarch” (a euphemism for a corrupt guy who loots the Russian patrimony), he became a “reformer” and was jailed by Vladimir Putin, serving ten years for tax evasion and related crimes. (Other oligarchs did the same crimes, but they got a pass, because they didn‘t challenge Putin.)
Yes, he was targeted for political reasons, but what about what he actually did? Siphon profit out of his companies via offshore shell companies, thereby cheating minority shareholders and (via tax evasion) the Russian people. (details below). How does he deal with it?
Sept 10, 2014 – I went to hear Homeland Security Secretary Jeh Charles Johnson at the Council on Foreign Relations today at a lunch speech positioned to precede the President‘s TV address tonight to say what he is to do (beyond “don‘t do something stupid”), to deal with the threat of ISIS.
Johnson‘s speech included reference to the danger posed by Islamic militants inside the country. So at question time I asked, “How do you deal with the problem posed by militants in the U.S. who can easily go to states that sell them guns and assault weapons with virtually no regulation – weapons they can carry to public places including airports. Isn‘t this a hole in homeland security that allows militants to get lethal weapons with which they can harm us all?”
July 25, 2014 – Anyone who had read the two-part series published here, Fees for our friends: the scandal that taints Andrew Cuomo and Fees for our friends, Andrew Cuomo’s vendetta, both published in 2006 — eight years ago — and ignored by the mainstream media, would not be surprised about the Cuomo corruption just revealed by the New York Times. Cuomo‘s Office Hobbled Ethics Inquiries by Moreland Commission.
Too bad reporters and readers didn’t focus on my story detailing Cuomo’s corruption. The candidate for governor was an attractive guy with a good-looking girlfriend and an articulate ex-governor father. So why look further? Why even do an internet search? But better late than never. (For the corporate press, it’s usually later.)
May 20, 2014 – Rudolf Elmer is a Swiss whistle blower who has been persecuted by the Swiss justice system for revealing tax evasion facilitated by the Julius Bär Bank in Zurich. He comments on the Justice Department deal with Credit Suisse, whose egregious money-laundering for 22,000 U.S. tax-evading accounts was exposed by Senate hearings led by Sen. Carl Levin. The settlement requires Credit Suisse to pay $2.6 billion in penalties, with no requirement that it turn over the names of U.S. tax evaders. The U.S. could have withdrawn the bank‘s license to practice in America. It declined to use that leverage.
March 6, 2014 – Last October, my mother was notified by her credit card company that there was a suspicious charge for $800 on her card. Her card was replaced and she lost nothing. She thought one of the clerks at Sally Beauty Supply was responsible. That was the last purchase she had made on that card. After that she used cash at the store. (Sally’s is a national chain and Mom likes to shop there.)
Today’s NY Times mentions Sally’s in a story about credit card theft.
What it does not mention is that this (apparently) was going on for many months without a fix or public notice. The theft of Mom’s card info happened nearly five months ago. It is clear that the card issuer (Citibank) did not follow up (adequately or at all) when put on notice about this problem.
Gigantic sums of money may be being stolen from banks in this manner. The federal law that limits individual losses to $50 per card protects the banks, but hides the real losses that the banks pass on without scaring customers out of using their cards.
Aug 28, 2013 — Since it‘s the 50th anniversary, I‘m writing a brief remembrance about the March on Washington. I‘d been in Jackson, Mississippi, for a year, editing the “Mississippi Free Press,” a civil rights weekly. In August 1963, I took a bus home to New York, stopping at the March, which friends of mine had helped organize.
April 8, 2013 – Amidst the wide-ranging hagiographic praise of film critic Roger Ebert, who died last week, I can add a remembrance of another type. I knew Roger from National Student Association conferences of the 1960s. I liked him. In 1970, he invited me and a friend, Nanette Rainone, both of us strong feminists, to appear at a Russ Meyer Film Festival at Yale Law School. We accepted partly as a lark, partly because we thought that Yale Law students might seriously consider our views.
Oct 15, 2012 – If you have followed the stories here showing strong evidence that IDT, the Newark-based telecom, bribed officials of the Haitian phone company, Teleco, you will be interested in today’s SEC filing by IDT. It says that the SEC and the Justice Department are still investigating charges made in 2004 by former IDT employee D. Michael Jewett that the company had paid off Haitian officials in connection with (ie. to get) a contract to supply long distance service between the U.S. and Haiti. That would have violated the FCPA, the Foreign Corrupt Practices Act. At the time, IDT was run by James Courter, the former Republican congressman from New Jersey.
Oct 8, 2012 – I always knew I should not invest/gamble in the stock market, and Scott Patterson has told me why. I always thought the system was rigged, gamed by the insiders, and Patterson, a Wall Street Journal reporter, has described that in “Dark Pools” in fascinating detail.
Did you think the stock market was about companies of good value raising capital because investors knew that the good value meant that their shares would be easily tradeable? And would likely go up in value? Because people who studied companies knew they were doing a good job? Forgetaboutit.
I was having lunch today at the Council on Foreign Relations before a meeting with one of the national leaders in town for the UN General Assembly. At my table was William F. McDonough, president of the Federal Reserve Bank of New York from 1993 to 2003. That meant he was vice chairman and a permanent member of the Federal Open Market Committee (FOMC), which formulates U.S. monetary policy.
March 12, 2012 – Mary O’Grady today used a killing in Haiti linked to bribery of former Haiti Teleco officials to attack the Democrats. She said investigators might uncover the details of the arrangement that Fusion Telecommunications”run by former Democratic Party Finance Chairman Marvin Rosen with Joseph P. Kennedy II and numerous influential Democrats had in Haiti during the Clinton years. She didn’t mention that there is much more evidence of Teleco bribery by IDT, then run by former Republican Congressman James Courter with a host of high-level GOP bigwigs.
Feb 27, 2012 – A new documentary, The Wall Street Conspiracy by Kristina Leigh Copeland of Brown Saddle Films, has its premiere in New York March 1st. It exposes the massive scam of naked short selling.
July 19, 2011 – I am waiting for the media analysts and critics of Rupert Murdoch to mention that the fellow is an egregious tax evader.
An article I posted on the subject four years ago was called Tax dodging helps Murdoch buy the Journal and starts out:
Where did Rupert Murdoch get $5 billion to buy up the Wall St. Journal? Beyond normal profits, his coffers were stuffed by dodging taxes in the U.S. and elsewhere. Some of that is your money!
April 20, 2011 – Transit, a fascinating documentary by German filmmaker Angela Zumpe, seeks to understand the story of her 21-year-old brother Reinhard, who in 1968 immigrated from West to East Germany and eight months later – never contacting his family — jumped from a window to his death.
Sergey Ivanov, the Russian deputy prime minister, spoke at a Council on Foreign Relations lunch today. I asked if he thought the U.S. and Russia should get together to put a stop to offshore tax evasion. He smiled and agreed that the two countries need to deal with the international offshore system. That was something to consider in the future. And then he said, There are more than 1,000 banks in Russia. They are not banks but launderers.
Feb 5, 2011 – The final edit of a film about the jailed Russian oligarch Mikhail Khodorkovsky, a film to which I contributed, has been stolen from the offices of German director Cyril Tuschi. The documentary, Khodorkovsky, is to have its world premier at the Berlin International Film Festival Feb. 14. I did reporting for the film and also was video-interviewed for it. The film tells Khodorkovsky’s story from his youth to the build-up of his oil empire and his political challenge to then President Vladimir Putin. Putin had told the oligarchs, men who had stolen the Russian patrimony to build their wealth, that he wouldn’t bother them as long as they stayed out of politics. Khodorkovsky, however, sought to influence the Duma election. He was arrested in 2003 and then tried and jailed for tax evasion.
Jan 24, 2011 – The lawsuit filed by a former employee against the Newark-based global telecom IDT is over. J. Michael Jewett, who was an IDT executive, claimed in 2004 that he was fired for opposing bribes to Haitian officials. Lawyers for both sides agreed to drop the complaint and counterclaims in an accord filed with the U.S. District Court in Newark on January 13th. This has not been reported before now.
IDT spokesman Bill Ulrey said, We have no comment…as usual. Thank you. Jewett’s attorney William Perniciaro also declined to discuss the matter. When both sides don‘t talk about an agreement to dismiss a case, that normally means a confidential settlement has been reached.
Rudolf Elmer appeared with WikiLeaks chief Julian Assange in London today and announced that he had given WikiLeaks two CDs with information about more than 2,000 prominent individuals and companies who evaded taxes or were involved in other criminal activities.
I used Elmer’s documents two years ago to show how the Julius Baer group adopted a plan in 1996 to utilize its Grand Cayman shell company Baer Select Management (on whose board he served) to help investors in Julius Baer Investment Management New York and JBIM London evade taxes.
Dec 6, 2010 – Bush Secretary of State Condoleezza Rice spoke at the Council on Foreign Relations Friday and used the occasion to attack WikiLeaks. I used the occasion to ask her a question: If WikiLeaks should be charged criminally for putting up this information, should The New York Times be charged criminally for doing the same thing?
Dec 4, 2010 – I was invited to CNBC’s Power Lunch to talk about a report by the IRS Inspector General that prisoners had received $112 million in tax refunds they shouldn’t have gotten. I surprised the interviewers by turning the question to tax cheating by those outside prison walls.
Nov 30, 2010 – I went on CTV, the Canadian News Network, to debate Martin Collicott, a former Canadian ambassador, over the WikiLeaks document release. Here’s a link to the video, done live yesterday, and then the text of what I said.
[Update, by Dec it’s 60 countries and more than 460 signers.]
Journalists from every region of the world have joined together to support the whistle-blowing organization Wikileaks and its founder Julian Assange who, they say, have provided an extraordinary resource for journalists around the world and made an outstanding contribution to transparency and accountability on the Afghanistan and Iraq Wars.
I am one of the organizers of the campaign.
The journalists, many of whom are prominent investigative reporters, come from countries as diverse as Russia and Namibia, and Israel and Indonesia, plus many from European countries and North America. The journalists, who are linked through investigative journalism networks, decided to speak out publicly after watching a growing campaign of threats and unfair criticisms against Assange and Wikileaks.
China is the major international power blocking a global solution to the offshore bank and secrecy problem. It is doing so because of its own secrecy jurisdiction, Hong Kong, says José Manuel Barroso, the president of the European Commission.
He said some countries hadn‘t been reacting positively to efforts to change the system , to establish a level playing field.
After the meeting, I asked him why the major financial powers hadn’t been able to achieve a solution. He said the problem was China, because of Hong Kong.
Sept 24, 2010 – Last Saturday, Barron’s ran my story in which IDT CEO Howard Jonas admitted for the first time a suspect deal with then Haitian President Jean-Bertrand Aristide that involved sending payments due Haiti to a law firm in the Turks and Caicos. Jonas told me the company had gotten a lawyer’s ethics letter clearing the deal. But he wouldn’t provide it.
A day before the story was to run, Barron’s got a call from a lawyer of the firm representing IDT in a lawsuit by former IDT executive D. Michael Jewett, who says the company fired him for objecting to the offshore deal. He promised to provide the ethics letter. It was the end of day, Friday. The magazine noted that promise when it published the next day.
Days later, the lawyer called to say he couldn’t provide the letter because it was sealed. Hard to believe: there is no sealing order for the letter in the case docket.
The global food services company Sodexo, which I exposed last year for exacting rebates from suppliers and charging clients full price, has agreed to a $20 million settlement with NY Attorney General for that illicit practice.
