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PayPal founder trying to create new Libertarian jurisdiction
David Marchant
Posted: Tuesday, August 16, 2011
Joined: 9/13/2007
Posts: 1278


The Billionaire King of Techtopia

Peter Thiel rose to fame by launching PayPal and funding a little upstart called Facebook. You'll find his fingerprints on—and his seed money in—everything from DNA manipulation to Hollywood movies along with any Silicon Valley enterprise worth knowing about. Now the 43-year-old gay libertarian is embarking on his most ambitious venture: a start-up country on the open ocean that will be governed by his Ayn Rand—inspired ideology. Will it be Thiel's crowing achievement or the biggest bust since Waterworld?


Read More http://www.details.com/culture-trends/critical-eye/201109/peter-thiel-billionaire-paypal-facebook-internet-success#ixzz1VEHnHAz3
 

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Cayman Court Secrecy: A Huge Red Flag for Foreign Investors & Clients
David Marchant
As any fule kno, the biggest enemy of fraud, corruption, money laundering, and other forms of financial crime is transparency, while their best friend is secrecy. That's why the unprecedented mass sealing of cases that's taking place at the Financial Services Division of the Grand Court of the Cayman Islands is repugnant to anyone with a genuine concern for financial crime.