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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe Heiress, the Queen, and the Trillion-Dollar Tax Shelter
Link to tweet
?s=21
Leah McGrath Goodman
@truth_eater
JERSEY: The extraordinary story of a couple who found a cache of secret documents buried in a squash court on the island of Jersey, exposing the staggering inaction of its authorities in the face of a widening global fraud scandal. My story via @iimag:
The Heiress, the Queen, and the Trillion-Dollar Tax Shelter
https://t.co/h1lmJtDVX5?amp=1
Snip
In 2012, American heiress Tanya Dick-Stock and her husband discovered an enormous trove of documents while clearing out space ahead of their lavish wedding.
In a locked, indoor squash court of the brides palatial, 58-acre manor house on the island of Jersey, off the coast of France, they stumbled upon hundreds of bank boxes haphazardly stuffed with more than 350,000 confidential papers from her fathers offshore trust business....
Filled with the private information of hundreds of people, the boxes also contain secrets about Dick-Stocks life, including how various strategies were allegedly used by La Hougue to drain her familys trusts. Reached by Institutional Investor, her father declined to comment for this story, but his spokesman, Julian Pike, characterized Dick as a victim of fraud, stating that Dick had no oversight or involvement in the day-to-day operations of La Hougue and is seeking legal remedy.
The La Hougue documents expose an intricate network of dubious characters, many of them associates of Dick, including American porn king Eddie Wedelstedt, convicted of tax fraud and obscenity charges in 2006; Israeli art dealer Ronald Fuhrer, who is linked to a Sandro Botticelli masterpiece thought to be the missing 1485 Madonna and Child painting, which hasnt been seen for the past six years; and, notably, individuals thought to be behind the offshore smuggling of more than $100 million during the U.S. savings-and-loan crisis of the 1980s. Other big names appearing on La Hougues client list include the former head of Glencore in Russia, Igor Vishnevskiy; British millionaire property tycoon Elliott Bernerd; and Alexander Zhukov, former father-in-law of Russian-Israeli billionaire Roman Abramovich. Names on the client lists are coded, says Dick-Stock, and we are still learning whos on them as we go through the process of decoding them.
dhol82
(9,353 posts)Thought this sounded too preposterous to be real. Silly me.
https://www.theguardian.com/world/2020/mar/15/jersey-dick-family-trouble-in-paradise-offshore-trusts-court-battle?CMP=Share_iOSApp_Other
Wonder how much will come out in the cat fight?
soothsayer
(38,601 posts)Yikes
secondwind
(16,903 posts)I wouldnt be surprised if theres a book in the future.
liberalla
(9,260 posts)Looks interesting...
bucolic_frolic
(43,281 posts)tax cheating, trusts, and all the other strategies. Amazing it's taken the world this long to figure it out because it's been happening ever since there were taxes, which is to say forever. Taxes are for little people.
2naSalit
(86,775 posts)Kid Berwyn
(14,953 posts)Regarding the tax dodging, from about five years back...
Massive leak exposes how the wealthy and powerful hide their money
https://upload.democraticunderground.com/?com=view_post&forum=1002&pid=7736046
And from 2013...
The $32 Trillion Hidden Offshore Needs IRS Attention.
https://www.democraticunderground.com/10023378455
From 2008...
Know your BFEE: Phil Gramm, the Meyer Lansky of the War Party, Set-Up the Biggest Bank Heist Ever.
https://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x4055207
Lucy Komisar did pioneering research.
https://www.thekomisarscoop.com/about/
Once they were easy to find. Seems the algorithms changed...
UpInArms
(51,284 posts)superpatriotman
(6,252 posts)International banking
Fraud
Tax shelters
Ultra-rich cheaters
Child trafficking
The Queen
Conflicted judiciary
Lies
The Queen, who is sovereign though the island is not part of Britain or the EU was implored to clean up the myriad problems:
It doesnt help, he adds, that shes also directly reaping the benefits of her tax shelters.
When the head of state is doing nothing and has offshore structures hiding her own money from tax, it does not pass the smell test, he says. A fish rots from the head.
Highly recommend reading even if it skews towards conspiracy (sometimes theyre true)
How to cheat on your taxes for the one percent:
https://www.motherjones.com/politics/2021/01/memo-how-to-hide-money-offshore/