To some Hillary Rodham Clinton is the perfect female role model. She is powerful. She is intelligent. To others, Clinton is the shining example of how government corruption fosters oligarchs who believe they can rule over the people and steal as much wealth as possible – damn anyone who gets in their way.
A matter of days after Clinton was sworn in as Presidents Obama’s Secretary of State on January 21, 2009, she raced to Geneva, Switzerland on an urgent matter. The battered Swiss UBS bank – who had just received a bailout to remain solvent – was also being targetted by the United States Internal Revenue Service (IRS). In what should have been an open and shut case against a financial institution that ignored U.S. law, UBS executives and Swiss diplomats unconventionally reached out through diplomatic channels to make their problems disappear. Clinton arrived to broker a deal.
In February of 2009, UBS reached an agreement to pay the IRS $780 million in criminal fines for offering tax haven accounts for U.S. clients. Of the more than 50,000 U.S. account holder names the IRS initially sought, UBS agreed to provide just 4,450 names, breaking Swiss law. Not only that but part of the agreement was that 240 of these names would be released directly to the Department of Justice (DOJ) for prosecution.
Unbeknownst to me, my name was on the list. My case was never reviewed by the IRS or the FBI, or anyone else to determine criminal intent – which there was none. There was no criminal review and no criminal referral! My case went straight to the DOJ and the assumption was guilt.
Just like that, UBS Executives had negotiated deferred prosecution for themselves, which means no UBS executive would be processed criminally.
So much for punishing the truly guilty.
But why would Hillary Clinton broker such a deal? She and her family profited directly from it, as was well outlined in a 2015 Wall Street Journal Article titled, “UBS Deal Shows Clinton’s Complicated Ties“.