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A former banker who blew the whistle on thousands of secret bank accounts rich Americans held at Swiss giant UBS claimed Thursday some U.S. politicians also kept off-shore accounts with the bank. “We had an office in Washington that we all referred to as the PEP office – for ‘Politically Exposed People,’” Bradley Birkenfeld said.
He was speaking by phone – on tax day, no less – from Schuylkill County federal prison in Pennsylvania, where he is serving a 40-month sentence for his role in the tax evasion scheme. “Only top managers from the bank knew the names of the political clients,” Birkenfeld said.
More from Ken Silverstein:
Commentary — July 25, 2012, 2:20 pm
Washington Babylon — September 29, 2010, 11:37 am


Years of consideration preceding the inclusion of the word “phat” in Random House’s 1996 Compact Unabridged Dictionary:

Scientists created crash helmets that stink when cracked and fruit flies to whom blue light smells delicious.

In Belize, a construction company bulldozed a 2,300-year-old Mayan temple to make road fill.
“This is the heart of the magic factory, the place where medicine is infused with the miracles of science, and I’ve come to see how it’s done.”