Blogs

Cyber Nightmare for Folks Hiding Money in Swiss Banks

01.13.15

Banque Cantonale de Geneve (BCGE) refused to pay a $11,779 (€10,000) ransom and as a result “an anonymous person or group using the Twitter moniker Rex Mundi said it had hacked the Genevan cantonal (state) bank’s servers and downloaded more than 30,000 emails by Swiss and foreign clients” according to a January 9, 2015 report in Reuters. As part of the threat before publishing the 30,000 emails the “hacker had earlier posted names, addresses and messages to the bank from two people it said were BCGE clients” but the bank declared:

We chose not to give in to blackmail and chose instead the path of transparency…

Reuters also reported:

BCGE is one of a host of Swiss banks to come forward under a government-brokered scheme for banks to pay fines for helping wealthy Americans avoid tax.

Hackers like this are likely to change attitudes about hiding money in Swiss banks.

The publications contained in this site do not constitute legal advice. Legal advice can only be given with knowledge of the client's specific facts. By putting these publications on our website we do not intend to create a lawyer-client relationship with the user. Materials may not reflect the most current legal developments, verdicts or settlements. This information should in no way be taken as an indication of future results.

Search Tips:

You may use the wildcard symbol (*) as a root expander.  A search for "anti*" will find not only "anti", but also "anti-trust", "antique", etc.

Entering two terms together in a search field will behave as though an "OR" is being used.  For example, entering "Antique Motorcars" as a Client Name search will find results with either word in the Client Name.

Operators

AND and OR may be used in a search.  Note: they must be capitalized, e.g., "Project AND Finance." 

The + and - sign operators may be used.  The + sign indicates that the term immediately following is required, while the - sign indicates to omit results that contain that term. E.g., "+real -estate" says results must have "real" but not "estate".

To perform an exact phrase search, surround your search phrase with quotation marks.  For example, "Project Finance".

Searches are not case sensitive.

back to top