7 Feb 2014

Bloomberg reported on 6 Feb 2014, that a Swiss asset manager was charged in the U.S. with helping Americans hide millions of dollars in offshore accounts from the USA Internal Revenue Service (IRS). According to the article>  Asset manager Peter Amrein, 52, conspired with Americans from 1998 to 2012 to help them evade taxes, according to an indictment unsealed yesterday in federal court in New York City. U.S. Attorney Preet Bharara said:“From his post in Switzerland, Peter Amrein aided and abetted U.S. taxpayers in their efforts to skirt the tax code and conceal their assets in offshore accounts,…” Peter Amrein, a Swiss citizen, faces as many as five (5) years in prison on the conspiracy charge. with Swiss lawyer, Edgar Paltzer, who has now been cooperating (he “ratted out” )in a U.S. crackdown on offshore tax evasion that has led to criminal charges against more than 100 people, including about 70 American taxpayers and more than 30 bankers, lawyers and advisers. Fourteen banks are under criminal investigation, including Credit Suisse Group AG, Switzerland’s second-largest bank, U.S.A. authorities have said.  Peter Amrein has not yet been arrested, or located for comment. The case is U.S. v. Amrein, 13-cr-972, U.S. District Court, Southern District of New York (Manhattan).

UNDECLARED ACCOUNTS According to the indictment, Peter Amrein “opened, maintained, and managed undeclared accounts at Swiss banks for various U.S. taxpayers holding millions of dollars in undeclared assets, often working with Edgar Paltzer…The men conspired to set up undeclared Swiss accounts at Wegelin & Co., which pleaded guilty in New York to tax charges, and four other Swiss banks”,. None of those banks are referred to by name (to protect the guilty) FOLKS, THIS IS A LONG AND CONVOLUTED STORY, AS ARE MOST STORIES OF CORRUPTION AND FRAUD. WE BELIEVE IT IS ONLY THE TIP OF THE “SWISS CONNECTION”CORRUPTION ICEBERG.

Thanks to Bloomberg for exposing the Swiss connection.

EPA GRANTS TEXAS PERMITS TO POLLUTE OUR AIR (EVEN MORE!) HOUSTON, TX, USA 4 Feb 2014 The U.S. Environmental Protection Agency (US-EPA) gave The State of Texas authority over greenhouse gas permitting today, ending a long, often bitter battle between the US-EPA and the Texas Commission on Environmental Quality (TCEQ). Ron Curry, US-EPA’s Regional administrator in Dallas, said he signed the permits on 4 Feb 2014, delegating authority over the program to the TCEQ. The transfer of responsibility comes after months of negotiations concerning what the program would look like. There will be a 30-day public comment period on the program’s outline (FOR ALL THE GOOD IT WILL DO!-THE DIE IS CAST).

US-EPA’s RON CURRY SPEAKS TO ENVIRONMENTAL GROUP. Curry, speaking a luncheon sponsored by “Air Alliance Houston” (an environmental group).said the US-EPA and the TCEQ’ have had an often contentious relationship, and still have many unresolved issues between the two; including a backlog of 80 greenhouse gas permits currently in the process of being approved. Curry added: “that is big news!” when announcing the program had been approved. (HE IS NOT WOOFING! – BIG MONIES BENEFITED; PUBLIC’S HEALTH AND WELL-BEING WILL SUFFER).

TEXAS IS THE USA’s LARGEST GREENHOUSE PRODUCER Unsaid at the Air Alliance Houston luncheon, is the dirty-air fact that Texas was the only state in 2010 that refused to meet New US-EPA greenhouse gas emission rules, placing some of the nation’s largest refineries in operational limbo. The US-EPA, in an effort to ensure those facilities could continue to operate, has been directly issuing permits since 2011, and assuming a role that has historically belonged to States.

TEXAS STATE LEGISLATURE APPROVES  During 2013, the Texas State Legislature passed a law giving the TECQ the authority to regulate greenhouse gas emissions. Curry said: “That is when the US-EPA and the TECQ began working to develop a program that would meet federal requirements. Initially, Texas had wanted to have a six-month turn-around on all permits, but the US-EPA refused to put a cap on how long it would take to issue a permit; Curry added: “The state also wanted to include a hearing process in its program, but the federal agency declined; In addition, Texas had to establish appropriate emission thresholds. Once those and several other issues were resolved we were able to shift authority to Texas, though the US-EPA will periodically review this program It’s a program that the state(Texas) will have forever as long as it operates correctly” As long as it operates correctly?-Say what?;Who will determine that? Your guess is as good as mine, but we suspect we know who.

TECQ STILL DISSATISFIED The TECQ said in a statement: “We do not agree with the US-EPA’s move to regulate greenhouse gas emissions, but will follow the direction of the (Texas) Legislature so that permits can be issued in a timely manner, and to continue the successes of the strong Texas economy”. (NATURALLY, THEY DO NOT WANT ANYONE LOOKING OVER THEIR SHOULDERS).

AIR ALLIANCE HOUSTON DISSATISFIED While some are pleased to see the US-EPA and Texas begin to resolve issues that have sparked lengthy legal battles, Air Alliance Houston, Executive Director Adrian Shelley said:”I fear the state’s primary goal will be to issue permits quickly to ensure smooth sailing for their industry customers. My hope is that US-EPA will balance TCEQ’s goals with environmental protection,” HOPE SPRINGS ETERNAL!

Thanks to AP for their story 4 Feb 2014.


GINA MC CARTHY TO DAVOS  US-EPA Administrator Gina McCarthy went to Davos Switzerland on 22 to 25 Jan 2014.  > ostensibly to address the World Economic Forum” regarding World Economy (really?)- They just needed to make her a guest- any topic. Remember that last 16 Jan 2014; following her Statement to Senate Committee on Environment and Public Works on the President’s Climate Action Plan, Committee Chairperson, Sen. Ms Boxer tasked Gina to provide written reports to all unanswered questions, and to re-appear before the committee in 15 days.  Well… If that happened it was never publicized by US-EPA , or in the mainstream media. Fact is, Gina has been extremely busy dispensing her wisdom on sundry (even unrelated) topics and making financial grants to programs of her choice. Now, remember the Swiss Connection in our first article? But what does that have to do with the US-EPA (Yes, That’s Gina) granted the State of Texas authority over greenhouse gas permitting to the Texas Commission on Environmental Quality (TCEQ). Now Texas will be able to say: What about that there Keystone Pipeline bearing Canadian tar-sand dirty oil for processing in the Houston area?.Bring it on! Even House speaker Boehner says:”let’s get that Keystone Pipeline approved!” albeit in a tongue-in cheek manner, because he knows where Big money is headed, and is trying to steer it there. If president Obama does not veto the Keystone Pipeline,we are all screwed, and Pres. Obama will be on a slippery slope that will threaten to ruin his legacy. Events are getting very critical this close to Congressional election campaigning, and control of the House of Representatives.

MEANWHILE BACK AT THE RANCH…Texas Gov. Rick Perry quietly made a trip to Davos (AH! There is that Swiss connection again) Perry went there soon after Gina Mc Carthy ostensibly to speak about Marihuana – Yes, marihuana. Our press did not remark on his comments about Marihuana, or question his real need to go to Davos.  But…We know don’t we? The press did not indicate who flew him there either, but then, he has a lot of friends with private transoceanic aircraft. We bet he too returned with a big smile. We need to remember that Perry no doubt had a great deal to do with the Texas’Legislature approval of the empowerment of the TECQ, over the US-EPA.

MORE ON THE SWISS CONNECTION (see par 1.) Note that it is the USA Internal Revenue System (IRS) that is taking the crooked Swiss bankers with USA connections to task. It reminds one of the Alphonse Capone days (c. 1930) in the USA. Capone was a well known criminal figure who had so many “buffers” that the government could not pin a specific crime on him (at least that’s what was said); so in the end, he went to Jail because of you guessed it !-Income Tax Evasion.  Powerful crime that one! Following the money seems to succeed in ferreting criminals where other laws cannot. Just imagine the magnitude of Swiss Bank involvement in crime and corruption. THE WORLD NEEDS TO RECOGNIZE SWITZERLAND AS A LAND OF CROOKS – EVEN WHEN IT IS TOUTED AS THE”WORLD’S BEST PLACE TO LIVE” An old saying says: “Grass always grows greener over the septic tank” It took me many years to comprehend its real meaning. The grass may look greener, but it stinks to high heaven.

MEXICAN PRESIDENT, ENRIQUE PENA NIETO ALSO WENT TO DAVOS RECENTLY Handsome man/wife, and who sounds so honest, that his visit there was hard for me to understand. However, he is instrumental on the granting of permits to foreign oil interest, notably in the deep-ocean exploration/development. Well…He too went to Davos, and appears quite haggard lately. It is notable that Mexico has not granted such exploration/exploitation permit since 1936. That is a long time ago in the energy world.  Has anyone you know been to Davos? Hmm!-food for thought!

Edward Oliver Gonzalez (gonzedo)

We connect the points, even when they lead to ugly places/conclusions.


SWISS BANKING GIANT CREDIT SUISSE PLEADED GUILTY to a criminal charge that it helped wealthy Americans dodge income taxes. A milestone following years of criticism that regulators have failed to crack down on huge financial institutions. The USA Department of Justice (DoJ)filed a criminal charge against the company in federal court on 19 May 2014 signaling that a plea arrangement has been reached. Credit Suisse pleaded guilty to one count of conspiring to aid tax evasion and to pay a fine of more than $2.6 billion.

Credit Suisse executives have previously admitted that their bank helped Americans shield as much as $12 billion from taxes, and acknowledged the practice was a “mistake” and “unacceptable.” However, they argued that Swiss bank-secrecy laws prohibiting them from revealing the names of tax-dodging U.S. citizens to American regulators.

Critics say the unwillingness to bring the hammer down on major banks and their top executives effectively fans wrongdoing on Wall Street. Even so, the criminal charge against Credit Suisse will apparently only go so far. Its chief executive, Brady Dougan, is not expected to lose his job, according to report

Thanks to the LA Times 19 May 2014


So, Credit Suisse got caught with its hand in the cookie jar, and Brady Dougan (an American).will get a slap on the wrist, while the USA tax evaders avoided $9.4 billion in income tax payments. How sweet it must be! One has to wonder if the higher-ups in the USA-DoJ who accepted the plea-bargaining will receive compensation for their “pragmatism”. Just to think there are other institutions like Credit Suisse in the USA, and the world. This case is “prima facie” wrongdoing, illegal, and corrupt. Corruption is like a societal cancer that invites lesser wrongdoers to do likewise.

Edward Oliver Gonzalez (gonzedo)