Archive | November, 2004

Of offshore tax schemes and the long arm of the IRS

By Kathy Kristof – Jerome Schneider once promoted offshore tax schemes in in-flight magazines. In U.S. District Court in San Francisco in December, Schneider will be sentenced for conspiracy to defraud the federal government. In hopes of getting a lighter sentence, Schneider has pleaded guilty and included a detailed confession to the complicated tax shelter […]

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Arafat Had `Authority’ at Company That Banked With Citigroup

Nov. 29 (Bloomberg) — Yasser Arafat, the Nobel Peace Prize winner reviled by his enemies as a terrorist, controlled a company that Palestinian Authority documents show held a $6.8 million account at Citigroup Inc., Palestinian legislators Hanan Ashrawi and Azmi Shuaibi said. The company, Palestine Commercial Services Co., held the account until it was transferred […]

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Frey Plans Hedge Fund

Rainer-Marc Frey is reported to be in the early stages of setting up a hedge fund and wealth management group, called Horizon 21. Thomas Nahm, a JPMorgan equity trader who left the firm earlier this year, will reportedly head Horizon’s London office. Frey and Nahm could not be reached. Frey is one of the most […]

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International Asset Protection Consultant, Jonathan Curshen, Talks About the Panamanian Private Foundation

PANAMA CITY, Nov. 24 /PRNewswire/ — Jonathan Curshen is an expert in offshore asset protection strategies. He specializes in wealth protection, international asset protection trusts and foundations, international business corporations, worldwide investing, yacht registrations, and global banking. Mr. Curshen is a member of APOI (The Asia Pacific Offshore Institute), ITPA (The International Tax Planners Association) […]

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Curtailing the Patriot Act

By Jessi Winchester – “A state of war is not a blank check for the president when it comes to the rights of the nation’s citizens” ~ U. S. Supreme Court Americans have been bombarded with constant prophecies of impending gloom and doom from government sources on nearly a daily basis since 9-11. The word […]

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China allows asset transfer

CHINA’S central bank loosened its currency policy ever so slightly on November 16, saying that Chinese emigrants would be allowed to take personal assets out of the country from next month – albeit in stages. It also said foreigners who inherit Chinese assets would be allowed to take their inheritance offshore. According to the new […]

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Pioneer of Sham Tax Havens Sits Down for Pre-Jail Chat

By David Cay Johnston – SEATTLE, Nov. 18 – Jerome Schneider, the nation’s best-known seller of fraudulent offshore banks, said in an interview today that he had helped hundreds of rich Americans evade taxes, including actors, celebrities and business owners. Mr. Schneider, who pleaded guilty in February to conspiring to help his clients evade the […]

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Hedge funds attract $107 billion through 2004’s Q3

SAN FRANCISCO (AFX) — Hedge funds pulled in more than $100 billion in the first nine months of 2004 as institutions and wealthy individuals looked for alternatives to stocks and bonds, a survey released Thursday shows. Money flowing into hedge funds slowed in the third quarter to $25.1 billion, down from a record $43.3 billion […]

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Global Banking Forced to Favour the Customer

(PRWEB) November 17, 2004 — Banks worldwide are offering more and more new services that help the customer understand and plan for their future. The bank or financial institution is nothing without the customer and finally the customer is reaping some of the rewards. Visitors to www.nopump.com can find out about the best financial institutions, […]

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Hedge Funds Get Half of New Inflows From Advisers

Nov. 16 (Bloomberg) — Hedge funds attracted $46.6 billion during the first nine months of this year and more than half the money went to middlemen who don’t personally oversee the funds. About $26.4 billion poured into so-called funds of funds, according to data compiled by Chicago-based Hedge Fund Research Inc. The funds now account […]

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