Jobless? Consider Whistle-blowing

"When you become a private client with Julius Baer, we'll have plenty of questions." Like: Do you really "hint, hint, nudge, nudge, wink, wink" want to pay taxes?

Enter Rudolph Elmer or is it "Teddy Baer"? It's been a story in the making for years now but now seems to be gaining steam again. Rudy is a founding father of modern day Swiss banking-tax evasion whistle-blowing. A hounded, once-imprisoned, man of remorse. Or a vindictive sociopath depending on whose view you get. For years, Rudy has been helping the German tax authorities and now with UBS subdued, the IRS has renewed interest in what Rudy has to offer.

Rudy has a nice job conducting: How we Swiss banks helped tax evaders 101" in a 5-star hotel to anyone that will listen. http://www.nytimes.com/2010/01/19/business/19whistle.html
http://www.nytimes.com/2010/01/19/business/19whistle.html

For those that like international intrigue, you need to dig up all the trash and shredded paperwork since 2005 when JB reported data theft from its Cayman operations. Guess who ran the shop there? Guess who gets terminated thereafter?

JB client data supposedly (as there were some validity issues) evidencing "the undisclosed role of American investment management companies in funneling American, European and South American clients who wished to avoid taxes to Julius Baer; the backdating of documents to establish trusts and foundations used to evade taxes; and the funneling of trades for hedge funds and private equity firms from high-tax jurisdictions through Baer entities in the Cayman Islands" pop up on Wikileaks, a now semi-defunct whistle-blower website. Guess which bank sued to put Wikileaks out of commission in 2008?

Amongst the alleged JB clients revealed was Kadoorie, one of the most wealthy and powerful families ("Tai-pans") in the region with a long history in old Shanghai and Hong Kong.

I guess Rudy won't be staying at the Peninsula should his lecture tour end up in Asia.

[Edit: more food for thought, big money: http://www.ifcreview.com/viewnews.aspx?articleId=870 ]