Source item
Open original source ↗Here is what I can now prove beyond any doubt happened to my bank, as the facts are documented in contemporaneous emails between the IRS and ATO.
1. OCIF had no intention of shutting down my bank, as there was no legitimate regulatory purpose for doing so.
2. The IRS, on behalf of the ATO and other J5 nations, put pressure on the OCIF Commissioner to shut down my bank as a demonstration of the J5’s ability to disrupt tax evasion and money laundering wherever in the world they were taking place.
3. Because the J5 investigation itself found no evidence that my bank was actually doing anything to facilitate tax evasion or money laundering, the IRS convinced OCIF to hold a global press conference so that the J5 could frame my bank for committing those crimes and take credit for putting a stop to them.
4. As a result of that pressure, and to further the publicity objectives of the J5 and OCIF, the OCIF Commissioner manufactured a regulatory pretense to shut down the bank that enabled all parties to fraudulently use that action to demonstrate their effectiveness at combating tax and money laundering crimes.
5. Lastly, what I suspect from the emails, but cannot yet prove, is that Nick McKenzie of The Age and 60 Minutes was behind the ATO’s efforts both to get my bank shut down and to announce the action with a global press conference. I believe he was motivated by his need for evidence to defend against my defamation lawsuit, which he lost anyway. That means that, had I never sued him for defamation, my bank never would have been shut down.