Money For Grabs

“It may be time for investors to put part of their hard-earned money out of harms way into foreign banks that do not have exposure to the U.S. sub-prime mortgage crises,” warns Kevin Wessell, CEO of Offshore Company. Mr. Wessell is also the author of “How Protect Your Financial Castle” and a nationally renowned asset [...]

Current economic times are very serious. IndyMac Bank was the second largest bank failure in U.S. history. Many of the deposits were not insured, thus, depositors will lose millions, if not billions of dollars. It may be time to diversify internationally and put part of your hard-earned money out of harms way into foreign banks [...]

NyTimes.com reports - A Former UBS banker was indicted on charges of helping an American real estate developer evade taxes.
The conspiracy indictment, accuses Bradley Birkenfeldthe , former banker, of helping the developer evade taxes on $200 million.  The funds were held in bank accounts in Switzerland and Liechtenstein.
The developer was identified as Igor Olenicoff, a billionaire, and founder of [...]

EUbusiness.com writes - The European Commission will recommend tightening EU rules against tax dodgers who stash their cash in an offshore bank account, a senior official said.In March,  after tax evasion allegations and controvesy between Liechtenstein and Germany erupted, the EU’s finance ministers requested that the commission review the 2005 tax directive.
An interim report, set to be presented [...]

Reuters reports - UK’s tax authorities are going after thousands of offshore bank account holders who have yet to come forward and report offshore holdings under a UK amnesty.
HM Revenue & Customs (HMRC) is contacting approximately 5,000 people whom it believes have undeclared assets and investment income in offshore accounts.  HMRC is saying that they [...]