While news of a single
Rothschild being indicted is certainly noteworthy, a particularly important
announcement was made this Friday.
The French government announced that it has launched an
investigation into the entire Swiss branch of the Rothschild’s banking
empire.
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Rothschild Bank Now Under Criminal Investigation After Baron David De Rothschild Indictment
Last year, Baron David de Rothschild was indicted by
the French government after he was accused of fraud in a scheme that
allegedly embezzled large sums of money from British pensioners.
It has taken many years to bring this case against Rothschild and his company the Rothschild
Financial Services Group, which
trapped hundreds of pensioners in a bogus loan scheme between the years of 2005
and 2008.
One by one the pensioners lost their money and pressed charges against
the notorious banker, beginning a case that would take many years to get even an
indictment.
In June, Paris-based liaison judge Javier Gómez Bermudez ruled that
Rothschild must face a trial for his crimes, and
ordered local police to seek him
out in his various mansions that are spread
throughout the country.
“It is a good step in the right
direction. The courts are now in agreement with us that there is enough evidence
to interrogate Baron Rothschild. The first thing they will have to do is find
him. Once they have done that they can begin to question him. It is a real
breakthrough moment for everyone involved,” lawyer Antonio Flores of
Lawbird told the Olive Press after the ruling.
“In short, independently of what
happened to the investment, Rothschild advertised a loan aimed at reducing
inheritance tax, which is a breach of tax law,” he
added.
While news of a single Rothschild being indicted is certainly noteworthy,
a particularly important announcement was made this Friday.
The French government announced that it has launched an
investigation into the entire Swiss branch of the Rothschild’s banking
empire.
According to Bloomberg,
The Swiss unit of Edmond de Rothschild said it’s the subject of a French probe regarding a former business relationship managed by a former employee.“Edmond de Rothschild (Suisse) SA is actively participating in the criminal investigation under way,” the Geneva-based bank said in an e-mailed statement on Friday. “The bank denies all the allegations that have been made against it.”Edmond de Rothschild, a private banking and asset management firm established in Paris in 1953, oversees about 150 billion euros ($164 billion) and is led today by Baron Benjamin de Rothschild and his wife Ariane. The Swiss unit traces its roots to the acquisition of Banque Privee in Geneva in 1965.The company has no further comment at this time, according to the statement. Officials in Geneva weren’t immediately available to respond to a telephone call from Bloomberg News on Friday.
The Rothschild empire has been instrumental in helping move the global
elite’s wealth from traditional tax
havens like the Bahamas, Switzerland and the British Virgin Islands to the
U.S.
Last month, the Free Thought Project
reported on the above the law
tax haven established inside the United States by
the Rothschilds.
After opening a trust company in Reno, Nev., Rothschild & Co. began
ushering the massive fortunes of the world’s most wealthy individuals out of
typical tax havens, and into the Rothschild run U.S. trusts, which are exempt
from the international reporting requirements.
The Rothschild banking
dynasty is a family
line that has been accused of pulling the political strings of many different
governments through their control of various economic systems throughout the
world.
Historically, there is ample evidence to show that the family has used
insider trading to bilk money from both private and public
funds.
During the Battle of Waterloo in the Napoleonic wars, Nathan Rothschild
was responsible for one of the oldest cases of “insider trading,” which led to
the Rothschild family robbing a whole nation blind. In 1815 when the battle of
Waterloo took place, there were no quick methods of communication like we have
today so messengers were used for communication in times of war. The
Rothschild’s took advantage of this by having spies on the frontlines of the
battle who would return information to the family faster than the messengers
used by the military.
When the British won the war, Nathan Rothschild, was of course, the first
to know, and he immediately went to the stock exchange and started selling
stocks while putting out the rumor that the French had won the war. This created
a panic on the floor of the stock exchange and investors all over England began
frantically selling their stocks. With the price of all stocks
plummeting Rothschild was able to buy out the whole English market for a
fraction of its cost. When word returned that the English had actually been
victorious, the value of the market soared, and overnight Nathan Rothschild
expanded his family’s wealth, and cemented their position as one of the richest
families in the world.
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