Israel’s Largest Bank to Pay $904M for US Tax Evasion, FIFA Money Laundering Conspiracy
Sunday, May 3, 2020 | Tag Cloud Tags: Israel, News, PLO, tax, Worthy News | Learn about out FREE SYNDICATION
(Worthy News) – Israel’s largest bank admitted to its role in a massive US tax evasion scandal and money laundering conspiracy that will cost it more than $904 million.
According to court documents released on Thursday, employees at Bank Hapoalim B.M. (BHBM) and its wholly-owned Swiss subsidiary Bank Hapoalim Switzerland (BHS) conspired with US taxpayers to hide more than $7.6 billion in more than 5,500 secret Swiss and Israeli bank accounts.
BHS pleaded guilty to tax evasion and BHBM agreed to a three-year deferred prosecution agreement in a New York federal court. [ Source: CBN News (Read More…) ]
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.