Friday, August 23, 2019

Whistle-Blower Charged with Industrial Espionage, or No Good Deed Goes...

A whistle-blower responsible for uncovering one of the biggest cases of tax avoidance in Germany is now prosecuted by Swiss authorities for industrial espionage...

Echart Seith is a lawyer that contributed to uncovering a Swiss bank mechanism that deprived German taxpayer of €12bn...

The 61-year old Seith has now been charged with industrial espionage and his case goes to trial on March 26. If found guilty, he is facing three-and-a-half years in prison. His testimony closed the tax loophole exploited by the Swiss banking industry in 2011...

The question at hand is how Seith got internal bank documents that allowed him to make the case against the Swiss banking system. more