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January 19, 2010 - Phil Hodgen

Another Swiss banker planning to spill the beans

Rudolf Elmer. He’s a former Swiss banker, worked for Bank Julius Baer. Leaked a bunch of documents to www.wikileaks.org. Now planning to go have a chat with the German tax authorities and spill a few more beans. From the article:

[Rudolf Elmer] said that he would fly on Tuesday to Düsseldorf, Germany, where the tax authorities are putting him up in a five-star hotel as he prepares to divulge client secrets.

Mr. Elmer joins a group of whistle-blowers that includes Bradley Birkenfeld, the former UBS private banker who disclosed the bank’s secrets, pushing it toward a settlement with the United States government, and Heinrich Kieber, a former data clerk at the LGT Group, the Liechtenstein royal bank, who stole client data and funneled it to American and European authorities.

Mr. Elmer’s disclosures are attracting particular interest as the Internal Revenue Service and the Justice Department embark upon a strategy of “it takes a rogue to catch a thief” to encourage insiders who engaged in wrongdoing to reveal the secrets of their employers.

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