Oh boy, there's a laundry list here. Here a just a few
examples.
Let's start with
Former Turks and Caicos premier sued by victims of OLINT scheme
is being sued in Florida by a physician who claims he was defrauded
in a TCI-based get-rich-quick scheme.
And for those who contemplated tax havens:
Tax Evasion Using Offshore Accounts Establishes Fraud, As IRS
Prevails Against Statute of Limitations Argument
The U.S. v. UBS is winding its way through the courts as this is
being written.
UBS has already paid a $780 million dollar penalty, but the U.S.
government wants the names of approximately 52,000 wealthy American
clients suspected of hiding $15 billion.
According to Justice Department tax attorney Stuart Gibson, the lead
U.S. lawyer, "Until its activities were discovered, UBS _ on U.S.
soil _ regularly violated U.S. law, and actively helped its
customers violate U.S. law."
Abusive tax shelters and hidden offshore accounts cost the U.S.
government an estimated
$100 billion a year in lost
tax revenue, according to Sen. Carl Levin, D-Mich., chairman of the
Senate Permanent Subcommittee on Investigations.
Scammed and broke:
SCAMMED! Modern-day pirates of the Caribbean swindled millions
of dollars from Portland
Some good tips on how to protect your money:
The hazards of hiding money overseas