Barack Obama

Democratic and Republican political organizations in the United States are appealing a judgment that they return $1.6 million in contributions from offshore fraudster Allen Stanford and related parties.

Update on status of returned and unreturned political contributions made by Allen Stanford and related parties to politicians and political groups in the USA, prepared by Ralph Janvey, Receiver for Stanford Financial Group and related parties.

Democratic and Republican politicians alike in the USA fail to return Allen Stanford donations, including Charles Rangel, Max Baucus, John McCain and … gulp … Barack Obama!; victims of one of Canada's biggest hedge fund frauds prepare to sue Grant Thornton Bahamas; man charged with murder of British financial services provider Hywel Jones - police continue to investigate the person who ordered the hit; and a penny stock firm that vanishes into thin air exposes two ridiculous audits conducted by Bahamas firm HLB Galanis Bain

The alleged practices of two banks in Switzerland and Liechtenstein in helping United States taxpayers commit tax evasion have led to a renewed call for the U. S. Congress to pass an anti-offshore bill that is co-sponsored by presidential hopeful Barack Obama. The enactment of the 'Stop Tax Haven Abuse Act', which was introduced to Congress on February 17, 2007 and contains measures aimed at clamping down on offshore secrecy, trust loopholes, and offshore tax abuses, was one of the recommendations of a 114-page report entitled 'Tax Haven Banks and U. S. Tax Compliance' that was published by the U. S. Senate Permanent Subcommittee on Investigations on July 16, 2008.

United States presidential hopeful Barack Obama has thrown his political weight behind a comprehensive bill to clamp-down on an estimated $100 billion per year offshore tax evasion by U. S. taxpayers. The draft legislation - known as The Stop Tax Haven Abuse Act - was introduced to Congress on February 17, 2007 by Obama, fellow Democrat Senator Carl Levin, and Senator Norm Coleman, who is a Republican.