Marine Links Sidley PwC Ransom Scheme to Romney’s Cayman Tax Machine

United States Marine Field McConnell has linked a ransom scheme – allegedly structured by Sidley Austin and PwC for the British Bankers Association – to threats to expose their abusive tax shelters which have apparently been used by Mitt Romney as a Cayman Islands-based money-laundering machine.

Feeling laconic, McConnell invites rebuttal to his claim that the Romney ransom scheme was conceived at a breakfast symposium in New York on March 13, 2008, allegedly organized for the British Bankers Association by Bloomberg, Sidley Austin, and PwC with special guest Hon. Andrew Card – the former White House Chief of Staff and liaison officer for a phony Global Guardian continuity-of-government exercise who whispered "A second plane hit the second tower. America is under attack" in George Bush’s ear on 9/11.

“Sep 5, 2012 4:34pm Secret Service Investigating Purported Ransom of Mitt Romney’s Tax Returns

“Someone claims to have stolen years of Mitt Romney’s tax returns from a Tennessee office of the financial firm PricewaterhouseCoopers, and the Secret Service is investigating what appears to be a ransom scheme.

The local Democratic and Republican parties in Williamson County, Tenn., where the PricewaterhouseCoopers office is located, both received packages, each containing a thumb drive and a letter outlining a competitive-bidding ransom scheme that appears designed to pit Republicans and Democrats against each other over the release of Romney’s taxes.

The letters stated an intention to publish Romney’s tax returns on Sept. 28, unless $1 million is deposited in a Bitcoin (Internet currency) account, according to Williamson County Democratic Party Chairman Peter Burr, who said both he and his Williamson County GOP counterpart received similar packages. The letters did not make specific claims as to how many years of tax returns had allegedly been pilfered.

The Secret Service took the package from him after the local GOP contacted authorities, Burr said. The Secret Service confirmed to ABC News that it is investigating the ransom scheme.

The apparent hackers presented “two options,” Burr said. “If somebody wanted to prevent the publication of these tax records, they needed to put a million dollars into this Bitcoin account…that was to prevent them from going ahead and publishing it on September 28th. Then they went on to say that if you want to ensure that this is published before September 28th, you have the option of contributing a million dollars to this other Bitcoin account … and if you win the race … the other side will not be able to prevent the publication.”

PricewaterhouseCoopers acknowledged the scheme, first reported by the tech website Mashable, in a statement to ABC News.

“We are aware of the allegations that have been made regarding improper access to our systems. We are working closely with the United States Secret Service, and at this time there is no evidence that our systems have been compromised or that there was any unauthorized access to the data in question,” the firm said.”

“The Telegraph .. Tax avoidance: HMRC could gain billions as court rules against 'artificial' scheme The Government could gain billions of pounds in tax revenues after the Appeal Court declared an avoidance scheme invalid. By Richard Evans 3:49PM BST 18 Jul 2012 The court ruled against a scheme promoted by PricewaterhouseCoopers (PwC), the accountancy firm, used by a businessman in a bid to avoid about £11m in tax.

When another 200 taxpayers attempting to use the scheme are taken into account, the total cost in lost tax would have been nearer £100m, experts said. But the court ruling sets a precedent that could mean billions of pounds in potentially avoided tax will instead flow to the public purse. "This gives a very clear indication of the way courts are now looking at tax schemes," said Mike Warburton of Grant Thornton. "The ruling says in effect, 'we are not going to countenance aggressive tax schemes'. You have to see this as an important victory for the taxman. "Things are now running very much against tax avoidance schemes, both politically and in the courts." He put the potential tax savings from the knock-on effects of the ruling in the "billions of pounds". The case was brought by HM Revenue & Customs (HMRC) against Howard Schofield, who had been sold a scheme by PwC to avoid capital gains tax on £10.7m. It involved a complex series of derivatives transactions that, in effect, went in a circle but had the effect of avoiding the tax otherwise due.” http://www.telegraph.co.uk/finance/personalfinance/consumertips/tax/9409219/Tax-avoidance-HMRC-could-gain-billions-as-court-rules-against-artificial-scheme.html

“Events Private Equity and Distressed Investments Symposium Thursday, March 13, 2008 • Bloomberg, New York City 8:00 AM - 11:00 AM EDT 731 Lexington Ave New York, New York 10022 United States of America DEEP VALUE OPPORTUNITIES SYMPOSIUM 2008 PRIVATE EQUITY & DISTRESED INVESTMENTS Join Bloomberg, Sidley Austin LLP, and PricewaterhouseCoopers LLP for a breakfast symposium with special guest Hon. Andrew Card, former White House Chief of Staff, and a panel of world-class investment advisors and representatives from leading global firms. U.S. Economic Policy: Hon. Andrew Card , former White House Chief of Staff Hon. Andrew Card will provide his perspective on U.S. economic policy and its effect on the domestic and global financial markets. Dealmaker’s Roundtable: Moderated by Brian Sullivan, BLOOMBERG TELEVISION® Brian Sullivan moderates a discussion that will provide insight into the issues and hidden values forecast for the global markets in 2008. Panelists include: Curt Cornwell, Lead Partner, Hedge Funds Transaction Services Group, PricewaterhouseCoopers LLP Mark Patterson, Chairman, MatlinPatterson Global Advisors LLC Pat Collins, Head of Special Situations Distressed Private Equity, D.E. Shaw Duncan Darrow, Partner, Sidley Austin LLP Chris Abbinante, Partner, Sidley Austin LLP Date & Time Thursday, March 13, 2008 8:00am-11:00am Venue Bloomberg 731 Lexington Ave New York, NY 10022 RSVP Email: jfitzmaurice@bloomberg.net (Include name, title, firm, phone and address)”

“In 2000, Card was asked by then Texas Governor George W. Bush to run the Republican National Convention in Philadelphia. On November 26, 2000, Card was appointed to be chief of staff for then President-Elect George W. Bush upon Bush's January 20, 2001 inauguration. On September 11, 2001, it was Card [acting as liaison officer to Bush for the phony, Global Guardian continuity of government exercise] who famously approached Bush as he was visiting Emma E. Booker Elementary School in Sarasota, Florida, and whispered in his ear the news that a second plane had hit the World Trade Center, confirming that a terrorist attack was underway. Card later recounted his story, saying that he whispered "A second plane hit the second tower. America is under attack." On March 28, 2006, the White House announced that Card would resign as Chief of Staff and be replaced by United States Office of Management and Budget director Joshua B. Bolten. Card's resignation was effective April 14, 2006.”

More to follow.



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