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Last week I posted an item here on an interview with Bradley Birkenfeld, a former banker who “blew the whistle on thousands of secret bank accounts rich Americans held at Swiss giant UBS.” Birkenfeld claimed that American politicians had been among those with off-shore accounts with the bank and further said that UBS “had an office in Washington that we all referred to as the PEP office—for ‘Politically Exposed People’.”
Birkenfeld subsequently offered another interview, this one with Reuters. It’s also worth a look:
Arguing that a previous investigation of the bank was hampered by incompetence and political cover-ups, Birkenfeld said a U.S. legal settlement with UBS should be tossed out immediately so the bank can be hit with much stiffer penalties and fines. “They dropped the ball on this totally,” said Birkenfeld, referring to the U.S. Department of Justice.
“Pardon the expression, but they should have some balls here,” he told Reuters. He spoke in a telephone interview from a prison in Minersville, Pennsylvania, where he began serving a 40-month sentence in January…
“The political influence of UBS is massive,” Kohn said, when asked about the bank’s ties in Washington. “They’ve purposely put in high place politicians or former politicians.”
That last line is a clear reference to former Senator Phil Gramm, who took a high-paying executive position with UBS after leaving office.
Incidentally, Birkenfeld is the only person involved in the scandal who has been hit with serious prison time. His lawyers plan to submit a clemency petition to President Obama.
More from Ken Silverstein:
Commentary — November 17, 2015, 6:41 pm
The Clintons’ so-called charitable enterprise has served as a vehicle to launder money and to enrich family friends.
Freddie Gray’s relatives arrived for the trial in the afternoon, after the prep-school kids had left. By their dress, they seemed to have just gotten off work in the medical and clerical fields. The family did not appear at ease in the courtroom. They winced and dropped their heads as William Porter and his fellow officer Zachary Novak testified to opening the doors of their police van last April and finding Freddie paralyzed, unresponsive, with mucus pooling at his mouth and nose. Four women and one man mournfully listened as the officers described needing to get gloves before they could touch him.
The first of six Baltimore police officers to be brought before the court for their treatment of Freddie Gray, a black twenty-five-year-old whose death in their custody was the immediate cause of the city’s uprising last spring, William Porter is young, black, and on trial. Here in this courtroom, in this city, in this nation, race and the future seem so intertwined as to be the same thing.
Average speed of Heinz ketchup, from the mouth of an upended bottle, in miles per year:
After studying the fall of 64,000 individual raindrops, scientists found that some small raindrops fall faster than they ought to.
The Playboy mansion in California was bought by the heir to the Twinkie fortune, and a New Mexico man set fire to his apartment to protest his neighbors’ loud lovemaking.
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“Matt was happy enough to sustain himself on the detritus of a world he saw as careening toward self-destruction, and equally happy to scam a government he despised. 'I’m glad everyone’s so wasteful,' he told me. 'It supports my lifestyle.'”