Swiss whistleblower Rudolf Elmer plans to hand over offshore banking secrets of the rich and famous to WikiLeaks

Vatic Note: Its amazing what we are willing to buy. I had a wikileaks supporter send me an email and her only comment was " No wonder the US wants to shut down Wikileaks....this is information we all need...." As if wikileaks had anything to do with this. That got me first out of the gate. Its the whistle blower who matters and apparently doesn't care that everyone knows he is going to leak it, so wikileaks has nothing to do with it. He would have found someone else to release the info to. It would have been much more effective for him to threaten to leak it to the IRS instead. However, that is if this performance is for real. This whistle blower is under the gun for his own criminal prosecutions and this could easily be a deal he made to shore up Wikileaks flagging reputation, in order to get a reduced sentence if he pled guilty. Now lets dig further though and see just how BIG A DEAL THIS LEAK really is.

First lets take a look at what he says his biggest item he will expose,  is going to be,  which is that many wealthy people are holding capital in trusts. WELL, THAT IS LEGAL, so what is the big deal?   Then the article below and the cult followers of Assange say  "The US hates that he is going to give this info to WIKILEAKS":  why?   BECAUSE THE US, controlled by the same bankers, HATES GRABBING ALL THAT WEALTH FROM THE SUPER WEALTHY PEOPLE who were always going to be the last ones robbed by the khazar bankers anyway.  Sure they do, THE US run by Rothschilds minions JUST HATES GRABBING ALL THAT ENORMOUS WEALTH, so they are going to really be mad at wikileaks, that is why they grabbed the wealth of the rich from the stock market about three times already since 2005. 

But WORSE, THESE TYPES OF DISCLOSURES HAVE ALREADY BEEN DONE BEGINNING UNDER BUSH JR IN 2008 AND CONTINUED BACK IN 2009 UNDER OBAMA. WHAT A JOKE AND WHAT SHEEP WE ARE TO BUY THIS STUFF. Here check it out. I told you, no one is going to do or say anything FROM WIKILEAKS, that hasn't already been disclosed, exposed, or already done. This is to shore up wikileaks reputation and all the neocons are on board. Think about it a minute, just use the critical thinking skills God gave you. WHY WOULD HE PUBLICALLY ANNOUNCE HE IS GIVING THIS TO WIKILEAKS AND NOT QUIETLY TO THE PRESS, OR TO THE IRS DIRECTLY OR TO THE ALTERNATIVE PRESS OR TO ANY NUMBER OF LEGITIMATE OUTLETS???? WHY SAY HE IS GOING THROUGH WIKILEAKS publically, that defies logic of any kind. The ONLY rational reason he would do this is to act as cover for wikileaks since more and more are turning away from the scam this has become. Remember, even the courts acknowledge and use "THE REASONABLE MAN THEORY",  what would a reasonable man think under these circumstances?   Here are some articles to show how this is NOT a big deal. Its been going on since the time of Bush. Already billions if not trillions have been extracted from those banks and other offshore accounts.

http://www.nytimes.com/2009/08/20/business/global/20ubs.html
http://www.nritoday.net/world-affairs/114-sep-09-swiss-bank-account-holder

Heck they have even been going after the asian banks now, so check it out, THIS IS NOT NEWS NOR IS IT NEW. CHECK dates on these articles
http://blogs.reuters.com/financial-regulatory-forum/tag/tax-havens/
http://newsgroups.derkeiler.com/Archive/Misc/misc.taxes/2010-03/msg00016.html

(this last link above was under Bush for gosh sake, its old news, see excerpt below: ) in case you don't know UBS is the swiss bank for rothshild in switzerland acting as the Global clearing house for all Rothschild banks and is the one where all those big guys deposit their money. Why would the US be mad about the disclosure if they are the ones that pushed this way back before wikileaks ever got outted? Just some common sense goes a long way.

(here is a quote from the above link)
"In connection with the establishment of these offshore company accounts, UBS private bankers and managers accepted and included in UBS's account records IRS Forms W-8BEN (or UBS's substitute forms) provided by the directors of the offshore companies which represented under penalty of perjury that these companies were the beneficial owners, for United States federal income tax purposes, of the assets in the UBS accounts. In certain cases, the IRS Forms W-8BEN (or UBS's substitute forms) were false or misleading in that the United States taxpayer who owned the offshore company actually directed and controlled the management and disposition of the assets in the company accounts and/or otherwise functioned as the beneficial owner of the assets in disregard of the formalities of the purported corporate ownership."  (this is already in play as you can see from this link and extract, nothing will change)

Here is more

Obama Forced Swiss Bank To Disclose Secret February 2009 (old news)
http://news.yahoo.com/s/ap/20090219/ap_on_bi_ge/ubs_secrets

The swiss banks have been cooperating with the US since then and even sooner. I told everyone they would go after confiscation of the big guys money last. That is exactly what happened. I mean big money. Not petty drug dealers money.   LETS SEE WHAT KIND OF SENTENCE HE GETS and that will tell us a lot.

Swiss whistleblower Rudolf Elmer plans to hand over offshore banking secrets of the rich and famous to WikiLeaks
http://www.guardian.co.uk/media/2011/jan/16/swiss-whistleblower-rudolf-elmer-banks
Ed Vulliamy, The Observer, Sunday 16 January 2011

Rudolf Elmer in Mauritius: “Well-known pillars of society will hold investment portfolios and may include houses, trading companies, artwork, yachts, jewellery, horses, and so on.” Photograph: Rene Soobaroyen for the Guardian

The offshore bank account details of 2,000 "high net worth individuals" and corporations – detailing massive potential tax evasion – will be handed over to the WikiLeaks organisation in London tomorrow by the most important and boldest whistleblower in Swiss banking history, Rudolf Elmer, two days before he goes on trial in his native Switzerland.

British and American individuals and companies are among the offshore clients whose details will be contained on CDs presented to WikiLeaks at the Frontline Club in London. Those involved include, Elmer tells the Observer, "approximately 40 politicians".

Elmer, who after his press conference will return to Switzerland from exile in Mauritius to face trial, is a former chief operating officer in the Cayman Islands and employee of the powerful Julius Baer bank, which accuses him of stealing the information.

He is also – at a time when the activities of banks are a matter of public concern – one of a small band of employees and executives seeking to blow the whistle on what they see as unprofessional, immoral and even potentially criminal activity by powerful international financial institutions.

Along with the City of London and Wall Street, Switzerland is a fortress of banking and financial services, but famously secretive and expert in the concealment of wealth from all over the world for tax evasion and other extra-legal purposes.

Elmer says he is releasing the information "in order to educate society". The list includes "high net worth individuals", multinational conglomerates and financial institutions – hedge funds". They are said to be "using secrecy as a screen to hide behind in order to avoid paying tax". They come from the US, Britain, Germany, Austria and Asia – "from all over".

Clients include "business people, politicians, people who have made their living in the arts and multinational conglomerates – from both sides of the Atlantic". Elmer says: "Well-known pillars of society will hold investment portfolios and may include houses, trading companies, artwork, yachts, jewellery, horses, and so on."

"What I am objecting to is not one particular bank, but a system of structures," he told the Observer. "I have worked for major banks other than Julius Baer, and the one thing on which I am absolutely clear is that the banks know, and the big boys know, that money is being secreted away for tax-evasion purposes, and other things such as money-laundering – although these cases involve tax evasion."

Elmer was held in custody for 30 days in 2005, and is charged with breaking Swiss bank secrecy laws, forging documents and sending threatening messages to two officials at Julius Baer.

Elmer says: "I agree with privacy in banking for the person in the street, and legitimate activity, but in these instances privacy is being abused so that big people can get big banking organisations to service them. The normal, hard-working taxpayer is being abused also.

"Once you become part of senior management," he says, "and gain international experience, as I did, then you are part of the inner circle – and things become much clearer. You are part of the plot. You know what the real products and service are, and why they are so expensive. It should be no surprise that the main product is secrecy … Crimes are committed and lies spread in order to protect this secrecy."

The names on the CDs will not be made public, just as a much shorter list of 15 clients that Elmer handed to WikiLeaks in 2008 has remained hitherto undisclosed by the organisation headed by Julian Assange, currently on bail over alleged sex offences in Sweden, and under investigation in the US for the dissemination of thousands of state department documents.

Elmer has been hounded by the Swiss authorities and media since electing to become a whistleblower, and his health and career have suffered.

"My understanding is that my client's attempts to get the banks to act over various complaints he made came to nothing internally," says Elmer's lawyer, Jack Blum, one of America's leading experts in tracking offshore money. "Neither would the Swiss courts act on his complaints. That's why he went to WikiLeaks."

That first crop of documents was scrutinised by the Guardian newspaper in 2009, which found "details of numerous trusts in which wealthy people have placed capital.  This allows them lawfully to avoid paying tax on profits, because legally it belongs to the trust … The trust itself pays no tax, as a Cayman resident", although "the trustees can distribute money to the trust's beneficiaries".

Now, Blum says, "Elmer is being tried for violating Swiss banking secrecy law even though the data is from the Cayman Islands. This is bold extraterritorial nonsense. Swiss secrecy law should apply to Swiss banks in Switzerland, not a Swiss subsidiary in the Cayman Islands."

Julius Baer has denied all wrongdoing, and rejects Elmer's allegations. It has said that Elmer "altered" documents in order to "create a distorted fact pattern".

The bank issued a statement on Friday saying: "The aim of [Elmer's] activities was, and is, to discredit Julius Baer as well as clients in the eyes of the public. With this goal in mind, Mr Elmer spread baseless accusations and passed on unlawfully acquired, respectively retained, documents to the media, and later also to WikiLeaks. To back up his campaign, he also used falsified documents."

The bank also accuses Elmer of threatening colleagues.

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