Word: panamas
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During the early 1970s, the IRS conducted its own auditing sessions and proved that Hubbard was skimming millions of dollars from the church, laundering the money through dummy corporations in Panama and stashing it in Swiss bank accounts. Moreover, church members stole IRS documents, filed false tax returns and harassed the agency's employees. By late 1985, with high-level defectors accusing Hubbard of having stolen as much as $200 million from the church, the IRS was seeking an indictment of Hubbard for tax fraud. Scientology members "worked day and night" shredding documents the IRS sought, according to defector Aznaran...
...keeping systems; to make matters worse, some government officials want to establish confidential numbered accounts to attract hard currency. Justice Department operatives are quietly contacting their East European counterparts to warn them that secrecy laws will almost certainly bring in the kind of tainted cash that regularly flows to Panama and the Caribbean...
...authorize the deployment or extended the deadline to a maximum of 90 days. Despite dozens of troop deployments by presidents in the past 18 years--ranging in scale from Carter's attempt to free the hostages in Iran and Reagan's assault on Grenada to Bush's intervention in Panama and Saudi Arabia--Congress has never invoked the War Powers Resolution...
Gelb also labeled Bush's pre-war Middle-East policy as "indifferent and ignorant," saying that in allowing for the build-up of the Iraqi military capability, the administration repeated the policy errors that led to the rise of Manuel Noriega in Panama...
...stunning audit showed serious banking irregularities and criminal acts involving senior B.C.C.I. executives, trustees and bank directors that have been hushed up. The audit traced insider loans, with funds parked in Bahrain and Panama, and "drawdowns not supported by requests from the customers," which is accounting jargon for money moved out of accounts without documentation of any kind. Bank officials familiar with the audit and other internal B.C.C.I. documents reviewed by TIME confirm the Price Waterhouse findings...