The name of a whistleblower is reportedly leaked and concealing assets in Luxembourg:
- A press release and “Ex-IRS examiner charged with naming whistleblower ” refer to the criminal complaint against Dennis Lerner of Edgewater, N.J. Mr. Lerner is accused of violating 26 U.S.C. § 7213 (Unauthorized disclosure of information), 18 U.S.C. §§ 207 (Restrictions on former officers, employees, etc.) & 208 (Acts affecting a personal financial interest). The Court’s docket report reveals that Mr. Lerner was arrested and would be released from custody by way of a $300,000 personal recognizance bond.
- As a haven for concealing assets, Luxembourg has few rivals. Some of Bernard Madoff’s Ponzi scheme proceeds or other assets were hidden in Luxembourg. The ex-president of Guatemala, Alfonso Portillo, is thought to have similarly laundered corruption proceeds through offshore accounts in Luxembourg and elsewhere. Former Manhattan District Attorney Robert M. Morgenthau also mentioned Luxembourg at his May 5, 2012 op-ed piece. At the piece, Mr. Morgenthau too stated: “When I was the Manhattan district attorney, we learned of offshore accounts only through whistle-blowers, cooperators and serendipity.”
Copyright 2012 Fred L. Abrams