All posts tagged Swiss secrecy

Beanie Baby Tycoon Fined Millions for Tax Evasion

Ty Warner was given two years of probation and 500 hours of community service for hiding his assets in a Swiss bank account. The creator of Beanie Babies toys, Warner avoided paying an estimated $5.6 million in taxes over the […]

Swiss Banks to U.S. Tax Evaders: Your Money & Secrets Are No Longer Safe with Us

The oldest bank in Switzerland, Wegelin & Co, has remained steadfast throughout history. First surviving Napoleon’s invasion followed by World War I and II. Seemingly, this ancient banking system has withstood the test of time and might and muster of […]