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