Swiss Bank Guilty of Tax Evasion, Bankers Go Free; Corporate Security State Is Shredding Our Constitution
Credit Suisse Bank Pleads Guilty to Decades of Tax Evasion, But Execs Avoid Prison. European banking giant Credit Suisse has pleaded guilty to helping American clients avoid paying taxes by concealing assets in illegal, undeclared bank accounts — becoming the largest bank to plead guilty to a criminal charge in 20 years. As part of the plea deal, Credit Suisse will pay about $2.6 billion in penalties and hire an independent monitor. But the bank will not be required to turn over the names of the Americans who used the bank to evade taxes. In addition, no senior Credit Suisse executives will face jail time, and the bank will be allowed to continue operating in the United States.
The Corporate Security State Is Shredding Our Constitution. No foreign terrorist shredded the Constitution, nor did we, as citizens, bankrupt the nation. However, powerful forces inside this country are doing that shredding – and intend to keep doing it. The real reason to be afraid is the unchecked rise of the Corporate Security State.
Sources: Democracy Now, Truthout.
Paul Brown is a retired neuroscience professor whose primary interests are human rights, overpopulation, mass extinction, global warming, and the military-industrial complex. Links to all his Before It’s News articles are at /contributor/pages/189/210/stories.html.
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