According to reports, Europac, founded by the gold bug and Bitcoin skeptic Peter Schiff (Peter Schiff), is under investigation by five national tax authorities. Allegedly, the bank’s clients include several tax fraud planners and a Russian group described by the FBI as the world’s most serious cybercrime group.
Tax authorities’ investigation of Peter Schiff’s Europac
Euro Pacific Bank is a Puerto Rico-licensed bank founded by Gold Bugs and Bitcoin skeptic Peter Schiff. According to reports, the bank is being taxed by Australia, the Netherlands, the United States, Canada and the United Kingdom. Agency investigation. The Sydney Morning Herald (60 minutes) and the New York Times jointly investigated this story.
According to an article published on Sunday by The Age, the large-scale investigation called “Operation Atlantis” was initiated by five tax authorities simultaneously in January. Australia’s Deputy Tax Commissioner Will Day (Will Day) said that the goal of the operation was international money laundering and tax evasion, adding that the investigation of Europac was “unprecedented”.
The publication pointed out that the British tax agency arrested a Euro-Pacific client, and the Internal Revenue Service (IRS) intercepted Schiff and his partner Mark Anderson for questioning. The article detailed the financial transactions of Europac clients and investigated hundreds of bank clients for suspected tax evasion, adding that the relevant authorities are still hunting down taxpayers and lawyers, accountants and finances who contacted Peter Schiff Bank mechanism.
Allegedly, Europac’s correspondent banks include Westpac Bank, the Perth Mint supported by the Western Australian Government, the Federal Reserve Bank of New York and the Bank of Montreal in Canada.
Allegedly, Europac’s clients include Sydney businessman Simon Anquetil, who was behind the Plutus Payroll fraud scheme and stole more than 105 million Australian dollars. Other clients include Darby Angel, a Hollywood filmmaker convicted of drug trafficking, and Gunnar Helga, a Canadian national who was arrested in 2013 for the mastermind of the “International Boiler House Scam” Sen (Gunnar Helgason). The FBI also linked an account in the European Pacific region to a Russian group that described it as the most serious cybercrime group in the world. The bank has at least 400 customers from Australia, of which about 100 are considered “high risk”.
Peter Schiff agreed last month to take a Zoom interview with “60 Minutes Australia” from his home on the outskirts of New York. However, after repeatedly questioning his bank and its tax evasion investigation, he suddenly walked out of the interview. “Schiff threatened to sue this publication, tore off his microphone, and rushed out of his living room,” The Times detailed. Australia “60 Minutes” tweeted on Sunday:
Peter Schiff is a firm authority and will not find any hints of the bank.
John Ogilvie, the former IT director of Euro Times Bank, also revealed the bank’s security issues. The Times reported further and pointed out that Russians once tried to blackmail the bank to obtain 1,000 bitcoins. ransom.
The Schiff family is known for not like paying taxes. Peter Schiff’s father, Irwin Schiff, was sentenced to jail for tax evasion. He runs a company called Freedom Books and the information he sells has taught thousands of Americans how to deceive the system.
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