UBS AG Helps Fill Lawmakers’ Coffers
Swiss bank UBS AG agreed today to pay $780 million to settle claims by the U.S. Department of Treasury that it helped American customers evade paying taxes by hiding their Swiss bank accounts from U.S. tax authorities. But that’s not the only help that UBS has provided Americans. In the 2008 election cycle, the foreign [...]
Obama, Ney and DeLay Also Among Stanford’s Investments
As the story behind the embattled investment company Stanford Financial Group develops, we thought we’d take an even closer look at the seeds the company may have tried to plant in Washington via campaign contributions. When looking at ALL lawmakers to collect money from the company’s PAC and employees (not just members of the current [...]
Investment Manager Stanford Was Big-Time Campaign Contributor
Money manager Robert Allen Stanford now has two things in common with embattled investment manager Bernard Madoff: both have come under scrutiny for allegedly defrauding their investors, and both have given significant funds to politicians. The Securities and Exchange Commission today accused Stanford, chief of Stanford Financial Group, of “fraud in the sale of about [...]