My late sister, the world famous artist, Christine Rosamond Benton, took up art when she was twenty-four. In months she was known all over the world. She was exploited by Iran Cohen of Ira Roberts Gallery who she sued for $3,000,000 dollars. Rosamond never developed a artistic identity. It was all about making money. She became the partner of Larry Chazen in her first gallery in Carmel. Chazen is a CEO of Noble Oil and set this company up as an offshore entity in the Cayman Islands and Switzerland. He tried to wrest control of Rosamond’s creative legacy after she drowned. She was in serious trouble with the IRS.
Jon Presco
For the second time in the past five years, Noble Corp. (NYSE: NE) is looking for a new tax haven.
This time, the offshore drilling rig operator, which has major operations in Houston, is looking to set up a new place of incorporation in the United Kingdom, after having previously switched its incorporation site from the Caribbean to Zug, Switzerland, in 2009.
http://www.bizjournals.com/houston/news/2013/07/01/noble-may-snub-switzerland-for-new.html
CEO Mark Jackson’s departure was announced in a short statement by the company, offering no details as to why he was leaving after less than a year on the job. Lawrence Chazen, a Noble board member, told Dow Jones Newswires the CEO was resigning for “personal reasons” unrelated to a potential takeover, adding that the move came as a surprise. – See more at:
Swiss banker whistleblower: CIA behind Panama Papers
Authorities raided the law firm at the center of the “Panama Papers” scandal on Tuesday, as tax officials from around the world meet in Paris to discuss how to handle the fallout from the biggest document leak in whistle-blower history.
Birkenfeld, an American citizen, was a banker working at UBS in Switzerland when he approached the U.S. government with information on massive amounts of tax evasion by Americans with secret accounts in Switzerland. By the end of his whistleblowing career, Birkenfeld had served more than two years in a U.S. federal prison, been awarded $104 million by the IRS for his information and shattered the foundations of more than a century of Swiss banking secrecy.
Organized crime prosecutors raided the offices of the Mossack Fonseca law firm looking for evidence of money laundering and financing terrorism following a leak of documents about tax havens it set up for wealthy international clients.
Soon after news reports based on the trove of documents began emerging more than a week ago, Panama’s government had said it would investigate. A half dozen police officers set up a perimeter around the law firm’s offices while prosecutors searched inside for documents.
The country’s attorney general’s office said in a statement that the objective of the raid was “to obtain documentation linked to the information published in news articles that establish the use of the firm in illicit activities.” It said searches also were made at other subsidiaries of the firm in Panama and at the telephone company’s computer support center.
Mossack Fonseca has denied any wrongdoing, saying it only set up offshore financial accounts and anonymous shell companies for clients and was not involved in how those accounts were used.
The law firm said on its Twitter account Tuesday night that it “continues to cooperate with authorities in investigations begin made at our headquarters.”
The search came a day after intellectual property prosecutors visited Mossack Fonseca to follow up on the firm’s allegations that a computer hack led to the leak of millions of documents about tax havens.
The firm filed a complaint charging the security breach shortly before the first media reports working with the documents offered details on how politicians, celebrities and companies around the globe were hiding assets in offshore accounts and shell companies.
“Finally the real criminals are being investigated,” co-founder Roman Fonseca said in a message to the Associated Press on Monday.
Fonseca has maintained that the only crime which can be taken from the leak was the computer hack itself. He has said he suspects the hack originated outside Panama, possibly in Europe, but has not given any details.
The law firm is one of the most important in the world for creating overseas front companies.
Panamanian President Juan Carlos Varela has defended the country’s financial sector, which is considered of strategic importance for the economy. But Varela has also promised the international community that he is willing to make reforms to make the sector more transparent.
On Tuesday, Varela met with legal, banking and business professional associations. Afterward, he asked France to reconsider its decision to place Panama on a list of uncooperative countries in financial information.
The government announced that Joseph Stiglitz, who won the Nobel Prize in economics in 2001, would be one member of an international panel formed to review Panama’s legal and financial practices and recommend improvements.
Meantime a statement from the world’s tax officials says Wednesday’s meeting in Paris of the Joint International Tax Shelter Information and Collaboration Network , an information- and intelligence-sharing organ for senior tax administrators based out of the Organization for Economic Cooperation and Development, is being convened to “agree collaborative action in light of the ‘Panama Papers’ revelations.”
The Panama disclosures have shaken the rich and powerful by exposing how they use networks of shell companies to dodge financial obligations, taking tax evasion to the top of international agenda.
Few further details about the Paris event’s attendance or agenda were released. A spokesman said the meeting was closed to the media.
Based on reporting by the Associated Press.
The requirement for a living will was part of the Dodd-Frank Wall Street reform legislation passed in the wake of the 2007-2009 financial crisis, when the U.S. government spent billions of dollars on bailouts to keep big banks from failing and wrecking the U.S. economy.
“The FDIC and Federal Reserve are committed to carrying out the statutory mandate that systemically important financial institutions demonstrate a clear path to an orderly failure under bankruptcy at no cost to taxpayers,” FDIC Chairman Martin Gruenberg said in a statement. “Today’s action is a significant step toward achieving that goal.”
Both “secret agents and their informants have used the company’s services,”wrote the newspaper, which earlier this month published online materials based on 11.5 million documents from the Panamanian law firm. It has been called the largest leak on corruption in journalistic history.
“Agents have set up shell companies to conceal their activities,” the Munich-based newspaper reported, adding that there are CIA mediators among them.
According to SZ, Mossack Fonseca’s clients also included some of those involved in the so-called Iran-Contra affair, in which several Reagan administration officials secretly facilitated arms sales to Iran in the 1980s in order to secure the release of US hostages and fund Nicaragua’s Contra rebels.
The Panama Papers also claim to reveal that some “former high-ranking officials of the intelligence services of Saudi Arabia, Colombia and Rwanda” are listed amongst the company’s clients. Among them was Sheikh Kamal Adham, the former Saudi intelligence chief, who according to SZ, was “one of the CIA’s key intermediaries in the 1970s”in the Middle East region.
The Panama leak claims to expose the offshore holdings of 12 current and former world leaders and provides data on the financial activities of 128 other politicians and public officials from different countries. Newspapers around the globe had plenty of world leaders to choose from, – from President of Ukraine Petro Poroshenko to King Salman of Saudi Arabia and the late father of British Prime Minister David Cameron.
With high-profile figures on the menu, the majority of the international media rushed to accuse Vladimir Putin of corruption, even though neither he nor any members of his family were mentioned in the Panama Papers leak.
Last week WikiLeaks tweeted that the US government and American hedge-fund billionaire George Soros allegedly funded the Papers to attack Putin. According to the international whistleblowing organization, the US government’s funding of such an attack appeared to be a serious blow to its integrity.
One former CIA officer told RT that the fact that the Western media has been unanimously using the Russian leader as the “face” of the Panama Papers leak can be explained by one simple look at the organizations behind these news outlets.
“Everyone in corporate press is controlled by corporations that profit on wars and have an interest in creating tensions – all these people in the Western press, like the Guardian, are blackening Putin [for being] a designated villain here. Curiously, his name is not in these documents,”Ray McGovern said, adding that it was “a major mistake made by the leaker” to hand the documents over to the corporate media, instead of leaking them to trusted independent journalists.
There were many raised eyebrows particularly over little mention of the exposed offshore dealings of UK Prime Minister David Cameron’s late father. Last week the British PM admitted that he benefited from shares in an offshore trust set up by his father. Cameron, who is facing outrage over revelations concerning his private finances, told ITV that he had received £300,000 (about $420,000) in inheritance from his father, who died in 2010. Yet he claimed that he didn’t know whether any of that money came from an offshore source. A massive protest gathered in front of PM David Cameron’s residence at 10 Downing Street on Sunday, calling for his resignation.
There are many conspiracy theories about the source of the Panama Papers leak. One of the more prominent theories today blames the CIA. Bradley Birkenfeld is “the most significant financial whistleblower of all time,” and he has opinions about who’s responsible for leaking the Panama Papers rattling financial and political power centers around the world.
Why? Look at who’s most affected, he argues. Countries that aren’t on great terms with the US.
“The very fact that we see all these names surface that are the direct quote-unquote enemies of the United States, Russia, China, Pakistan, Argentina and we don’t see one U.S. name. Why is that?” Birkenfeld told CNBC. “Quite frankly, my feeling is that this is certainly an intelligence agency operation.”
Wikileaks is also getting attention today for blaming USAID and George Soros for the leaks.
From CNBC:
Birkenfeld, an American citizen, was a banker working at UBS in Switzerland when he approached the U.S. government with information on massive amounts of tax evasion by Americans with secret accounts in Switzerland. By the end of his whistleblowing career, Birkenfeld had served more than two years in a U.S. federal prison, been awarded $104 million by the IRS for his information and shattered the foundations of more than a century of Swiss banking secrecy.
In an exclusive interview Tuesday from Munich, Birkenfeld said he doesn’t think the source of the 11 million documents stolen from a Panamanian law firm should automatically be considered a whistleblower like himself. Instead, he said, the hacking of the Panama City-based firm, called Mossack Fonseca, could have been done by a U.S. intelligence agency.
“The CIA I’m sure is behind this, in my opinion,” Birkenfeld said.
http://boingboing.net/2016/04/12/who-leaked-the-panama-papers.html
https://en.wikipedia.org/wiki/UBS
UBS AG is a Swiss global financial services company, incorporated in the Canton of Zurich,[2] and co-headquartered in Zurich and Basel.[3] The company provideswealth management, asset management, and investment banking services for private, corporate, and institutional clients worldwide, and is generally considered to be a bulge bracket bank. In Switzerland, these services are also offered to retail clients.[4] The name UBS was originally an abbreviation for the Union Bank of Switzerland, but it ceased to be a representational abbreviation after the bank’s merger with Swiss Bank Corporation in 1998.[5] The company traces its origins to 1856, when the earliest of its predecessor banks was founded.[6]
UBS is considered the world’s largest manager of private wealth assets, with over CHF2.2 trillion in invested assets,[7] and remains a leading provider of retail banking and commercial banking services in Switzerland. In 2014, UBS’ assets under management (AuM) amounted to US$1,966.9 billion, representing a 15.4% increase in AuM compared to the equivalent data of 2013.[8] It is the biggest bank in Switzerland, operating in more than 50 countries with about 60,000 employees around the world, as of 2014.[9]
In comparison to other European banks, UBS suffered among the largest losses during the subprime mortgage crisis, and the bank was required to raise large amounts of outside capital. In 2007, the bank received a US$9.7 billion capital injection from the Government of Singapore Investment Corporation (currently GIC Private Limited effective from July 2013), which remains one of the bank’s largest shareholders.[10] The bank also received capital from the Swiss government, further complemented by a series of equity offerings in 2007, 2008, and 2009.
https://rosamondpress.com/2011/10/24/swiss-banks-give-uncle-sam-names/
If approved by shareholders, Noble expects the change of the place of incorporation to be effective as soon as practicable following review and approval by the Grand Court of the Cayman Islands, which could occur in early 2009. The reincorporation would be achieved by merging Noble Corporation, the current Cayman Islands parent company, with a newly formed Cayman Islands subsidiary of the new Swiss parent company.
Noble Corporation’s Chairman, President and Chief Executive Officer, David W. Williamssaid, “After careful consideration, our Board of Directors has concluded that a change of place of incorporation to Switzerland is in the best interests of Noble’s shareholders and customers. Switzerland’s stable commercial and financial environment and its well-established tax regime will help us to maintain our competitive position in the global marketplace.”
https://rosamondpress.com/2011/09/24/lawrence-chazen-creates-swiss-tax-haven/
There are several books that connect the Knights Templar with Swiss Banking. My nemesis has helped set up Noble Energy in the Cayman Islands, and in Switzerland from where the Rougemont-Rosamond family hail. A un-named group has purchased Chateau Rougemont. I suspect Oil Men from Texas. Where is the Sinclair linage from Jesus when you need it? I hope the Holy Blood Grail Alliance elects a Messiah to save us from these evil men. The home of my ancestors is being advertized as the best offshore banking city for your money.
Lawrence Chazen was my father’s privated lender, and a partner in the first Rosamond gallery in Carmel. Credit Suisse Group is associated with Noble and UBS bank that is in trouble due to two billion dollar trading losss by rogue trader.
https://rosamondpress.com/2015/04/17/real-war-of-roses-and-thrones/
https://rosamondpress.com/2013/03/03/egregore-of-the-shroud-of-savoy-and-rougemomt/
https://rosamondpress.com/2012/09/25/the-knights-of-jeanne-de-rougemont-ferrette/
Rosamond Press 
Leave a comment