Look Before You Leak

I bet you thought people banked in the Cayman Islands because they serve fruity cocktails with tiny parasols in them while you’re waiting for your checks to clear. Well, you’re only partly right. The other reason people keep accounts in the Caymans is to avoid paying taxes and/or to launder their ill-gotten gains. For many of us this is not news–or at least it wouldn’t be, if not for the brain-dead actions of one such bank and the magistrate they duped into being their monkey. Swiss Bank Julius Baer used its legal muscle to convince a U.S. judge to close down the WikiLeaks.org domain, because the site contains documents that allegedly show Baer is exchanging its clients’ dirty old dineros for fresh clean ones with just a hint of mint.

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