Bradley C. Birkenfeld

Author ofLucifer’s Banker:The Untold Story of How I Destroyed Swiss Bank Secrecy

Bradley C. Birkenfeld blew the lid off the darkest secret in banking: how offshore banks enabled the ultra-wealthy to commit tax fraud in the billions of dollars. But it was a stinging betrayal by his own firm, UBS, that led him to come forward — and expose offshore banking as a system rigged for the ultrarich. His initial reward? A jail term. But his testimony helped the U.S. Treasury recover $15 billion in back taxes, fines and penalties — and forever ended offshore banking as we know it. After 30 months in prison, Birkenfeld’s vindication came in the form of the largest IRS whistleblower award in history: $104 million.

Birkenfeld’s adventures in whistle blowing provide a fascinating insider’s look at how banks like his former employer make tax fraud easy for industrial magnates, politicians, royalty, celebrities, cartels and terrorists. His amazing story underscores the power of a single individual against powerful, complex and corrupt systems. His efforts helped right a profound wrong, spawning a wave of international investigations into offshore banking’s previously hidden crimes. As a result, banking laws, the federal tax code and international tax treaties are now changing right before our eyes.

Bradley C. Birkenfeldis theauthor ofLucifer’s Banker:The Untold Story of How I Destroyed Swiss Bank Secrecy, (Greenleaf Book Group Press, October 2016). In 2005, he detonated his thriving career with Credit Suisse, Barclays Bank and UBS by revealing unprecedented information on bank-enabled tax fraud to U.S. authorities. His testimony was instrumental in proving that megabank UBS enabled ultra-wealthy Americans to commit massive tax fraud. As a philanthropist, he now supports whistle-blowing initiatives worldwide. He is a passionate, fascinating and animated speaker — articulate and extremely telegenic.

Visit Website

 

Show Highlights:

-Worked for Union Bank of Switzerland 2001-2005. Turned whistleblower in 2006.

-Switzerland started as a financial neutral country. Cooperation between the Swiss and Hitler’s regime. In WWII, Swiss and US government colluded in looting gold. Have been in bed together since then for processing of ill-gotten gains, with Swiss as a conduit for cash transfers, until Birkenfeld blew it open.

-Assets of Swiss secret numbered accounts completely hidden within the bank. Protected from taxes, enabling accelerated growth of funds.

-Birkenfeld met resistance from US Department of Justice, Obama, Holder and Clinton in exposing UBS.

-UBS management authorized a hidden 3 page document which was not being followed. Birkenfeld reported wrongdoings to UBS management and then US DOJ, who indicted him. Sham trial. Sentenced to 40 months imprisonment in Pennsylvania.

-In 2006-2007, Clinton made a deal for the Swiss to give only 4,700 names out of the 19,000 with undeclared, unreported, offshore Swiss bank accounts. Why was she involved? Billionaires that gave money to Clintons stayed protected.

-Senator Barack Obama accepted millions of dollars from USB for his campaign. Was on the senate committee investigating USB but never showed up for a single hearing.

-Birkenfeld had to self-publish because the US media would not publish anything implicating Obama and Clinton, Jack Lauder, and other names. Given the largest whistleblower award in US history of $104 million for exposing waste, fraud, and corruption. This single individual exposed the largest tax fraud in the world.

-Government is part of the problem and was embarrassed for being exposed. DOJ reached a deferred prosecution agreement with UBS and imposed a fine that was a pittance. NY Fed Reserve chairman Timothy Geithner declined to further penalize USB and was then made Treasury Secretary by Obama.

-Governments are in bed with the big banks, they’re all dirty, and that’s the problem. Legislation that passes is beneficial to large corporations and not the taxpayer. No accountability and transparency.

-Existing corporate tax structure is that way because that’s how the boys wanted it.

-The only individual to go for jail for the entire 2007-2008 financial crisis was Bradley Birkenfeld. DOJ cannot be trusted. It’s a fixed system.

and more!

 

Bradley Birkenfeld is a big time banking fraud whistle blower, with interesting stories to tell, April 24, 2017



Missing Podcast?

If you see an error with an archived podcast or know that an episode of our show is missing, please press the button below to send us a message so we can look into it.

Enter your name and email if you want to be notified when this podcast is fixed:

©Copyright One Radio Network 2014 • All rights reserved. Site built by RedLotus AustinThe information on this website and talk shows is solely for informational and entertainment purposes. IT IS NOT INTENDED TO PROVIDE MEDICAL ADVICE. Neither the Editors, producers of One Radio Network, Patrick Timpone, their guests or web masters take responsibility for any possible consequences from any treatment, procedure, exercise, dietary modification, action or application of medication which results from reading or following the information contained on this website in written or audio form, live or podcasts. The publication of this information does not constitute the practice of medicine, and this information does not replace the advice of your physician or other health care provider. Before undertaking any course of treatment, the reader must seek the advice of their physician or other health care provider and take total responsibility for his or her actions at all times. Patrick Joseph of the family of Timpone, a man...All rights reserved, without recourse.