Foreign Collusion, Naked Shorting (Counterfeiting) & Money Laundering — All Illicit Wealth
Denmark Adopts New Dividend Tax Model After Multiple Fraud Cases
Morten Buttler
Bloomberg, 18 May 2020
Denmark is adopting broad changes to how foreign investors are refunded dividend taxes as the government hunts down more than $2 billion it says was tricked into turning over.
In a new agreement with the country’s financial industry, banks will play a central role in monitoring payments, and will be held liable for clients’ outstanding taxes. All foreign investors will have to register with the Danish Tax Agency, according to a statement by the tax ministry.
President Trump Briefed on NSA Capabilities Against Financial Crime
Senior-level sources confirm that President Trump is now fully aware of NSA holdings relevant to mapping all individuals on Wall Street engaged in organized financial crime.
WASHINGTON, D.C. Earth Intelligence Network has learned that President Donald Trump has been briefed on and is now fully aware of National Security Agency (NSA) holdings relevant to mapping all individuals on Wall Street who have communicated via any electronic channel to advance naked short selling and money laundering, both federal as well as state crimes.
Continue reading “Release: President Trump Briefed on NSA Capabilities Against Financial Crime”
Researchers say market manipulation is destroying traditional safe havens
Valentina Ruiz Leotaud
Mining.com, 17 May 2020
The University of Sussex Business School released an analysis stating that widespread market turmoil caused by the covid-19 pandemic means regulators have so much on their plates right now that large-scale manipulation of the markets remains below their radar.
In the view of the researchers behind the study, this is the reason why prices of safe-haven assets such as gold and bitcoin are not surging.
16 May 2020
Forbes, Sergei Klebnikov
Billionaire investor Warren Buffett, who told investors earlier this month that he had made a “mistake” betting on airlines, is continuing to sell stocks amid the coronavirus pandemic, the latest regulatory filing from Berkshire Hathaway shows.
Warren Buffett’s Berkshire Hathaway sells majority of stake in Goldman Sachs
Jazmin Goodwin
CNN, 16 May 2020
Warren Buffett’s Berkshire Hathaway (BRKA) sold off 84% of its stake in Goldman Sachs (GS) during the first quarter, according to a regulatory filing.
The conglomerate slashed its holdings in the investment bank to 1.9 million shares from 12 million shares, according to SEC filings released Friday. Goldman Sachs’s share price plunged by almost a third during the first quarter as the novel coronavirus swept the nation.
Dr. Thomas Gottstein is the CEO of Credit Suisse AG since Feb 2020. Dr. Gottstein was previously employed as a Chief Executive Officer by Credit Suisse (Schweiz) AG from 2016 to 2020. At Credit Suisse, he was also working at the Investment Banking Department Switzerland (1999-2002), he was the Head Equity Capital Markets Switzerland, Zurich (2002-2005), Austria and Scandinavia, London (2005-2007), Co-Head of Equity Capital Markets EMEA (2007-2009), Head of Investment Banking Coverage Switzerland (2010-2013), Head of Premium Clients Switzerland & Global External Asset Managers (2014-2015), CEO Swiss Universal Bank (2015-2020), and CEO of Credit Suisse (Schweiz) AG (2016-2020). In 1999, he started his career as a Group Controller in Zurich, and later on, he went to London to become an expert for Telecoms Investment Banking and Equity Capital Markets. He holds a Degree in Business Administration and Economics in 1989 and a Ph.D. in Finance and Accounting from the University of Zurich.
Lydie Hudson is the Chief Compliance and Regulatory Affairs Officer at Credit Suisse AG and has been with Credit Suisse since 2008. She is also a member of the Executive Board of Credit Suisse Group AG and Credit Suisse AG since 2019. Prior to that, she worked at The Boston Consulting Group as a consultant and the Lehman Brothers as an associate analyst. Hudson received her Masters in Business Administration (MBA) at Harvard Business School
Romeo Cerutti is the General Counsel of Credit Suisse and a member of the Executive Board of Credit Suisse Group AG and Credit Suisse AG since 2009. Prior to that he was a partner at Lombard Odier Darier Hentsch & Cie Group Holding. He worked at Homburger Rechtsanwälte, Zurich, Attorney at Law, & Latham & Watkins, Los Angeles, Attorney at Law. He received his Post-doctorate degree in Law (Habilitation), University of Fribourg and was admitted to the bar of the State of California.
KATE DENNETT, 16 May 2020
Two Russian bankers, who lived in luxury in England, face having their assets seized by financial investigators after they were declared the second-biggest bankrupts in British history.
Financial investigators are searching to claim former Russia’s National Bank Trust (NBT) shareholders Ilya Yurov and Nikolay Fetisov’s assets. This comes after they were accused of siphoning off customers’ savings through a network of shell companies, The Times reported. Continue reading “Article: Two Russian financiers who used Bruce Willis as the face of their collapsed bank face having their UK riches seized after racking up £730m debts amid claims they siphoned off customers’ savings”
Gordon Smith became Co-President and Chief Operating Officer of JPMorgan Chase in 2018. He is also the CEO of Consumer & Community Banking. Smith joined Chase in 2007. He served first as CEO of Card and then of the Card, Merchant Services and Auto Finance businesses before taking over Consumer & Community Banking in 2012. Before joining Chase, he spent more than 25 years at American Express. From 2005 until 2007, he was President of the Global Commercial Card business. Smith holds a master’s degree from the Thunderbird School of Global Management.
Peter Scher is Chairman of the Mid-Atlantic JP Morgan Chase region, Head of Corporate Responsibility and serves as a member of the firm’s Operating Committee. Scher serves as the firm’s senior executive in the Mid-Atlantic region overseeing commercial banking, asset management, investment banking and consumer banking throughout Pennsylvania, Delaware, Virginia, Maryland and the District of Columbia. Prior to joining JPMorgan Chase in 2008, Scher was the Managing Partner of the Washington, D.C. office of Mayer Brown LLP and earlier served as the Chairman of the firm’s Government and Global Trade Practice. Scher spent nearly a decade in public service. Nominated by President Clinton, he was confirmed by the United States Senate as U.S. Special Trade Ambassador and served as one of the lead U.S. negotiators on China’s entry into the World Trade Organization. He previously served as Chief of Staff for the U.S. Trade Representative and the U.S. Department of Commerce, Staff Director for the Senate Committee on Environment and Public Works and Chief of Staff to former U.S. Senator Max Baucus. Scher received his B.A. from American University (AU) and his J.D. from AU’s Washington College of Law.
Daniel Pinto is Co-President and Chief Operating Officer of JPMorgan Chase, a leading global financial services firm, and a member of its Operating Committee. He is also CEO of its Corporate & Investment Bank, an industry leader in investment banking, trading markets and investor services. Daniel holds a bachelor’s degree in Public Accounting and Business Administration from Universidad Nacional de Lomas de Zamora in Buenos Aires. He is a member of the Board of Directors of the Institute of International Finance.
THE DOLLAR HAS NO INTRINSIC VALUE : DO YOUR ASSETS?
