Accounts Belonging to Peter Schiff's Bank Under Investigation for Tax Evasion

Accounts Belonging to Peter Schiff's Bank Under Investigation for Tax Evasion

By author_nan | News | 19 Oct 2020


According to a report from Australian media outlet The Age published on October 18, authorities are investigating bank accounts belonging to Peter Schiff-founded Euro Pacific Bank.

  • Several governments have issued subpoenas allegedly related to tax evasion to individuals who hold bank accounts at the Euro Pacific Bank, which Schiff founded
  • The tax office has issued subpoenas to over 100 individuals with accounts in the Caribbean bank
  • Individuals who hold accounts at the bank include Simon Antequetil, who was sentenced to jail for tax fraud in July 2020
  • Called Operation Atlantis, officials have deemed this the world’s largest tax evasion probe
  • Well known for his position on gold, Peter Schiff has repeatedly criticized Bitcoin as an asset, calling it worthless
  • Schiff has denied any allegations of wrongdoing in the Euro Pacific Bank case, walking out on an interview when asked about the tax investigation

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