UBS Is About To Blow The Cover On A Massive Gold-Rigging Scandal

To those who seek justice, this is good news--kind of.  Because the biggest manipulators are not named in this latest regulatory probe.

http://www.zerohedge.com/news/2015-09-28/ubs-about-blow-cover-massive-gold-price-rigging-scandal

Clear attempt to manipulate precious metals benchmarks at UBS: FINMA

Reuters is normally the lapdog of the financial elite, but it had to report another case of market manipulation, in this case, precious metals.  Barclays, Deutsche Bank and now UBS are the most recent culprits.  Absent are their US bullion bank counterparts.  Surely, no shenanigans occur in US markets.

http://www.reuters.com/article/2014/11/12/us-banks-forex-settlement-gold-idUSKCN0IW12Q20141112

UBS Investigated For Gold Manipulation Suggesting Gold Inquiry Goes Beyond London Fix

Do lemmings following mainstream media outlets still think gold bugs are "conspiracy theorists"?

http://www.zerohedge.com/news/2014-03-17/ubs-investigated-gold-manipulation-suggesting-gold-inquiry-goes-beyond-london-fix

UBS Starts Gold-Vault Service in Singapore Amid Bullion Rout

http://www.bloomberg.com/news/2013-07-01/ubs-starts-gold-vault-service-in-singapore-amid-bullion-rout.html

Massive Run On Physical Gold & Silver At UBS & Scotiabank

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/17_Massive_Run_On_Physical_Gold_%26_Silver_At_UBS_%26_Scotiabank.html

Swiss banks lose old taste for gold

Read the last sentence in this article.

http://www.ft.com/intl/cms/s/0/46c25732-6a10-11e2-a7d2-00144feab49a.html#axzz2JQ5Q1El8

Jailed UBS Employee Gets $104 Million From IRS For Exposing Swiss Bank Account Holders

http://www.zerohedge.com/news/jailed-ubs-employee-gets-104-million-irs-exposing-swiss-bank-account-holders

Swiss Bank Crackdown Accelerates As Credit Suisse, UBS Clients Raided In Germany, France

http://www.zerohedge.com/news/swiss-bank-crackdown-accelerates-credit-suisse-ubs-clients-raided-germany-france

UBS' Advice On What To Buy In Case Of Eurozone Breakup: "Precious Metals, Tinned Goods And Small Calibre Weapons"

http://www.zerohedge.com/news/ubs-advice-what-buy-case-eurozone-breakup-precious-metals-tinned-goods-and-small-calibre-weapon

Bernie Madoff: JPMorgan Doesn't Have A Chance In Hell And HSBC And UBS Are Going To "Have Problems"

This should be interesting:  Bernie Madoff, convicted of running a multi-billion dollar Ponzi scheme, is ratting out JPMorgan, UBS, and HSBC, accusing them of moving hundreds of billions of dollars, presumably dirty money. 

http://www.businessinsider.com/bernie-madoff-jpmorgan-ubs-hsbc-2011-4#ixzz1IsAC

UBS - time to accumulate metals

http://www.mineweb.co.za/mineweb/view/mineweb/en/page67?oid=108588&sn=Detail&pid=102055

Madoff Investigation in House Subcommittee

As I intimated earlier, whistle-blower Harry Markopolos not only testified that the SEC was incompetent as a regulatory body, but that Madoff's client list included members of organized crime, including the Russian mob and the Latin American drug cartels.

Perhaps that explains why Madoff is wearing a bullet-proof vest, and why his family has body guards. It's not so much they are flight risks--it's for their own protection.

This won't end here. UBS and Credit Suisse clients were not only big investors with Madoff, but they also played the carry trade, where they borrowed money at 0% interest from the Japanese and invested in Icelandic bonds which paid double-digit interest rates. Investors in this trade on Iceland lost everything when Iceland's financial system collapsed last November, much like investors with Madoff have lost everything.

When that carry trade reversed itself and imploded, bankrupting Iceland banks and its economy with it, investors got murdered (no pun intended). Not all their clients are crooks, but people with means and something to hide invest in Swiss banking giants UBS and Credit Suisse, as well as other private Swiss banks.

US Government authorities have been increasing their pressure on UBS to expose their clients' identities. According to Swiss banking laws in place for centuries, it is illegal for banks to "out" their clients. The pressure has intensified with the US government attempting to extradict Raoul Weil from Switzerland, where he is in hiding. Weil, the former UBS bank chair and CEO of global wealth management in the US, has been indicted on charges relating to tax evasion. He is accused of helping 19,000 US taxpayers hide nearly $20 billion in assets from the IRS.

UBS sidestepped their own banking laws by not exposing the identities of their private banking clients, but by returning client funds, or diverting funds to their chosen destinations. Of course, this doesn't expose their identities, but it does create a paper trail, which the IRS can now prosecute against. 19,000 Americans are about to be felonious tax evaders.