Tuesday, November 23, 2010

Offshore Crime, Inc.

This one looks very interesting. We don't have time to parse it right now, but we will. Just as a taster:
"He draws a line from a dot on the sheet representing the Seychelles Islands off the coast of Africa to other forms representing Cyprus and Nigeria. Then a line to a Kiss company in Bulgaria and finally to the key location – the US state of Delaware.

“What you need is a triangulation,” Kiss says in his patient, teaching tone. He turns the sheet to the reporter and added: "This is the mechanism I propose to you." He calls it tax optimization.

When reporters showed the sheet to authorities later they called it something else: fraud."
Enjoy. There is a whole lot more where that came from.


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