Art Basel & UBS Come Under IRS & Senate Investigation

UBS under IRS investigation
The IRS has asked the Swiss government to aid in the investigation of International Banking & Investment group UBS and their overseas tax havens programs which some have reported amount to intentional tax evasion and fraud.

Art Basel is mentioned as the go to location for foreign employees of UBS to illegally recruit wealthy individuals to help them avoid reporting billions of US dollars in assets. Clients were at times told to use code words when communicating with UBS. Testimony states that roughly 80 UBS bankers traveled to the US 4-6 times a year to pitch the bank’s secretive services to clients at upscale events as Miami’s annual Art Basel fair.

The bankers used encrypted computers, devised codes for their clients’ identities, told Customs agents the trips were for vacations, not business, and advised clients to place jewelry, paintings and other assets in Swiss safe deposit boxes, Birkenfeld testified in June, when he pleaded guilty to helping California billionaire Igor Olenicoff evade $7.2 million in U.S. taxes.

Former LGT computer technician Heinrich Kieber helped tax investigators around the world flesh out those statistics by handing over data on approximately 1,400 of the bank’s clients.

Kieber is in hiding as Liechtenstein authorities seek him on charges of violating secrecy laws.

Originally from Bad at Sports by Christopher Hudgens
reBlogged by InterAccess to Cultural Artifacts

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  • Upcoming Workshops and Events

    • Events on April 17, 2014
      • Motors
        Starts: 7:00 pm
        Ends: April 17, 2014 - 10:00 pm
        Description: Register here: https://www.eventbrite.ca/e/motors-workshop-tickets-11025454431

        In the first of two motor workshops, we'll deal with simple motors that don't require complicated circuits to control them: DC motors and AC motors. We'll start by explaining how motors work, how to select the right kind of motor to do the job, and finally, how to mechanically connect the motor to whatever it is you want to move.
        Then we'll get our hands dirty, trying out some different motors and mechanical components like gears, cams and couplings.

        BONUS: COMES WITH EXCITING MOTOR FUNPACK!
        This workshop costs more than our regular offerings because we give you some awesome and useful stuff to take home with you. Your registration fee includes the cost of:
        A DC Hobby Motor
        A Gearbox kit for added torque
        A selection of pulleys and shafts
        A selection of SPDT microswitches
        Batteries included!

        About the instructor:

        Bill Gentles has worked for the past 30 years as a Biomedical Engineer. He has a PhD in Biomedical Engineering from the University of Toronto. He has recently been shifting careers as he has discovered that what he really wanted to be when he grew up was an artist. He previously presented the motors workshop at Interaccess in 2011.

        Refund and Cancellation Policy:

        Refund requests are granted if received 10 business days or more prior to the workshop date. Exceptions to this policy will be clearly stated.
    • Events on April 23, 2014
      • Open Studio
        Starts: 7:00 pm
        Ends: April 23, 2014 - 10:00 pm
        Location: 9 Ossington Ave, Toronto ON
        Description: Hang out with some like-minded artists, technicians, and nerds. Bring projects and share them, or get help with problems.
    • Events on April 24, 2014
      • Motors
        Starts: 7:00 pm
        Ends: April 24, 2014 - 10:00 pm
        Description: Register here: https://www.eventbrite.ca/e/stepper-motors-workshop-tickets-11025869673

        In this, the second of two workshops based on different types of motors, we'll work with stepper motors. Steppers are powerful motors that provide precision control over the rotation speed or exact position of the motor shaft; they also require electronic circuits or microcontrollers to operate them. We'll talk about how to choose the right stepper motor for the job. We'll build a control circuit based on a 555 timer and a special power driver, connect our motor and start playing. We'll also discuss how to use the Arduino microcontroller to control speed and direction of DC motors, servomotors and stepper motors and look at some alternative Arduino-compatible motor controller boards.

        BONUS: COMES WITH EXCITING MOTOR FUNPACK!
        This workshop costs more than our regular offerings because we give you some awesome and useful stuff to take home with you. Your registration fee includes the cost of:
        A stepper motor
        A stepper motor driver circuit, breadboard-ready
        Assorted electronic breadboard components

        About the Instructor:
        Bill Gentles has worked for the past 30 years as a Biomedical Engineer. He has a PhD in Biomedical Engineering from the University of Toronto. He has recently been shifting careers as he has discovered that what he really wanted to be when he grew up was an artist. He previously presented the motors workshop at Interaccess in 2013.

        Refund and Cancellation Policy:

        Refund requests are granted if received 10 business days or more prior to the workshop date. Exceptions to this policy will be clearly stated.
    • Events on April 30, 2014
      • Open Studio
        Starts: 7:00 pm
        Ends: April 30, 2014 - 10:00 pm
        Location: 9 Ossington Ave, Toronto ON
        Description: Hang out with some like-minded artists, technicians, and nerds. Bring projects and share them, or get help with problems.
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