tv Lucifers Banker CSPAN November 13, 2016 7:00am-8:01am EST
beaming thank you. please make yourselves at home. i just want to say a few words here tonight because i think it is so important to express my deepest gratitude for all of you for coming number one enough for you a warm him to the press club. so many people were instrumental in this writing of the book which is not an easy task.
i went through this for many years of course with the assistance of my publicist. wikipedia senate but john highway. my publisher recently come my attorney eric raymond, my website developer team from massachusetts who is really exceptional to put up with my nonsense. he really captured my voice and it tells the story, not the spin, not ups site, but my site. anybody who knows me knows that i'm here as the whistleblower. the story really hit home. by doing what i did, exposing the largest and longest-running
tests run in u.s. history as forever change the landscape of offshore banking. around the world. i've tried vigorously to assist and help our country as well as my own government. unfortunately, my own government didn't like what i had decided we it will understand why this happened. when you affect rich and powerful people in this country get the short end of the stick and it's very easy to ridicule and criticize me when in fact all the bigwigs are doing all the bad. took on the biggest bank in the world. ups is important to keep up the fight not just from my cost that other people down the road who might be adversely affected by their actions. whistleblowers in general we all know who they are, what a deal,
but their instrumental in being an essential component of law enforcement could buy enforcement is better because of whistleblowers. they are easier, quicker, smarter and get right to the cause of the problem and correct it. how do you explore space, fraud and corruption? generally the only way you can do it is by having the people inside exposing it. tonight we are honored to have i've been very fortunate to meet and interact with overtime pay, straight, the nsa whistleblower. the cia whistleblower. robert mclean the tsa whistleblower preferred way spurs, the fbi whistleblower and the doj whistleblower. all of them a different story.
why were they attacked? you can draw your own conclusions on that one. they tried to destroy your lives and destroy your reputation and destroy your financial future. if we don't stop it, if at all collectively stopped at it will continue. this is not fit for public policy. and whistleblowers are continually harassing the intimidated to retaliate it and fired from their jobs and this is something that doesn't make sense. the very famous words of john f. kennedy said asked not what your country can do for you, ask what you can do for your country. those words are rallying cry for every whistleblower to end up and do the right thing, correct what's wrong in the society and make a stand. sometimes it's hard.
to think that we will continue to have problems if we do not continue to pay whistleblowers, paying the whistleblower is not the primary reason for whistleblowing, but certainly alleviates the problem alleviates the problems that may destroy their whole financial future or their family. a lot of these whistleblowers have been thankfully supported by the nonprofits. the national whistleblower center, taxpayers against fraud, government oversight and government accountability project just to name a few. i've dealt with all four of them. every professional. their relentless and they help the cause. we should all really applaud those folks for what they've done. we must ask ourselves why have we been mistreated and in the case with cbs when you step out for a moment and think that the bank was not signed properly,
they did not get all the names properly and that the kingpins walk away, what is happening is the taxpayers have to pay for. the corporate banks warded off. the people at nothing to do with this had to pay for it. the epa shareholders have to cover for their nefarious acts this is a problem and if it doesn't affect it, people will continue as i said. this is very serious. if you feel you can not wait to check, and will continue. in the end when i think about why i was successful in my endeavor to stand in front of the year today was around four
years ago i wasn't allowed to come near when the attorneys made the historic press conference here at the award of $104 million. if modern-day three musketeers. they may not like that label but i thought it was appropriate. my brother and i who was instrumental in helping us well with my boat and so is my good friend who i worked for many years went out of their way and were very helpful getting this book delivered to what we have this evening. if you think back to the u.s. constitution if you want to know if the u.s. constitution says, u.s. thomas jefferson. they rode it. they know what's going on.
my deep gratitude for my attorneys as i said to michael: as well. we have to come together with the non-profit could whistleblowers, attorneys and the public to come together to help these folks rally the storm which is really a very hard storm. i want to thank you again, all of you and my attorneys for your help and support and they couldn't have done it without you. thank you very much. [applause]
thank you very much. if anyone has any questions i'd be more than happy to answer them as well is to sign any books afterwards for anyone who would like to have been signed as well. >> radley come the corporate crime reporter. as they say to you, this is probably one of the best corporate crime boat. there's two stories i liked it about. if you could tell that two stories, one is how hillary clinton prevented the 16,000 names from being turned over to the justice department in about your time in prison. >> thank you are the questions. i read the spiderman book that was really good, too. the problem i have this i don't want to come into a political he said she said, but the details
in my book are disturbing because the key leaks is exposing behind-the-scenes negotiations between hillary clinton and secretary of state, her counterpart. and hold everyone responsible. the problem with this case is four years since number bed ever. so what happened with this what happened like this cases they were so afraid of these names coming out. they negotiated his secretary of state clinton negotiate a different 25%. we would all agree if anyone feels that their jobs 75% they'd be out of a job. so why did he do it? who could afford a 700 names? do she picked up?
is ups that one has been breaking the law picked them? this is a dangerous scenario and we still don't have the answers. they have a third-party accounting or are we just going to trust them. this is a big, big problem in all of you are being cheated by the way. it's about every american who gets cheated because they didn't do their job right. then those names come in. and around 55,000 people come in over the last six years. we'll may have made 10,000 ups. so they came from other banks as well. i won't even get that out. the problem here if you don't
get to the issue of what these people were doing, how do you know that you solve the problem? you don't. certainly i'm not going to trust the government to say they've done a great job because why did they uncovered in the first place. this is a real serious problem. we stayed here. if that money most of another jurisdiction may be something even more nefarious. this is what i told them. you must go after the source. if you don't eradicate the cancer it will massive size and that's what we have today. ups is moving on to singapore, to monaco to other jurors actions. this is such a big problem and nobody is addressing it. still what i told them 10 years ago. if they did.
but he talking about? >> i might be something called -- [inaudible] is a funny story when i went in there, they put me in the great guard is my photographs and idms wanted to play a psychological game to show weakness and strength. i'm going to smile for the photos. i'm here to have fun. really dangerous people that their prison cells. i went out of my way to help them do their little appeals, help them get an attorney to fight for them. give them a little glimpse of hope while you paid for these guys for five years. 40 grand a year.
so is the most ridiculous thing i ever saw. lawn mowers and snowblowers that you pay for. food, clothing that you paid for. union salaries that you paid for it. you don't see it until the inside. that's the sad thing. again it take an insider to stop the bus here. this is not right. you want this fixed. mr. brill said dave. please bocce. walked the track, read a lot. still ripe for this day not continue to say i'm right. i think that it's not just the money. thank you. i think the main term is that
this vindicates me in my eyes. is it just for the money? now, i started this whole saga that was about money. it is about doing the right thing. that's what we all do as whistleblowers. we do the right thing. that's exactly why i'm here today trying to reconcile. thank you. >> could you tell me if you think that congress failed to you and the doj brought the hammer down? >> i'll tell you what is the most disturbing part of the story, one of the many facets of the united states senate. when i first went to the department of justice is my first law firm which i fired and
then sue, i should've gone to the irs but that didn't happen. when the doj demanded i give them the names, i refuse because i said i was in switzerland and i would go to jail. the same excuse ups used in the hearings. when i said it long before they started on the back. i can't do it. they give me a subpoena. am i to the senate and asked my attorneys to get this -- if i give up one name i go to jail in switzerland. so this is very important. i was trying to follow the law. so i go to the senate. of course they share with the detail that was working with the irs who honestly shared it with doj. so to this day, the u.s. senate would not give me my senate
testimony. 10 years later i still don't get my own testimony that proves i was right and prosecuted to a federal judge in florida. i. that's a fact. my attorneys went in and read. he said yeah, get the name long before they ever pled guilty. they twisted and turned it around to make it look like i'm the bad guy. give me a subpoena and you can add the names. so my senate testimony which i can't get a copy. the senate never called me to testify because they knew they would start hearing what i'm seeing now.
i was the one who identified here. he was acquitted in and prove he was working a lot in this country and in france. that's just one example of how the senate was unfair. never called me to testify in public. med ask me to testify that he had a secret nonprosecution agreement in the book, by the way. he sat there at the nonprosecution agreement which means he has to testify in a pled the fifth in the doj sat there and did nothing. you can't plead the fifth if you have immunity. but of course they can't tell carl levin anything because the doj was playing the game. get him out of the country. he quickly left the country and went back to switzerland.
it's in the book. do you have follow-up questions? [inaudible] >> of course. i'll be quite candid. the idea of switzerland to have lots of money. go back to the iran-contra appeared it is all there. senator grassley had hearings about pows and the triangle. it is all there. they were wandering money with the asp and drug trade, pay us. does the cia. they do the business with you like it or don't. the problem here is when i first came to the government and the doj said by the way we know we're just going to let you know were investigating.
so what they did is they tipped their hand because they had too many people exposed. satisfy everyone above me, although it to the chairman of the nonprosecution agreement. nobody was prosecuting in the united states there is with ireland for ups except the whistleblower. [inaudible] [laughter] >> yeah, i did. there's many of our banks to go after. it's almost a store you can even make it out to this couldn't have happened this way, but it did. i said that on thom hartmann show the other day. a state today. there's too many interests at stake in not give you one last
example with respect to ups. back in 2004 when i was working at the bank, there is a situation in which ups is not allowed to send wires to cuba, libya or brand because they were sanctioned countries. ups is doing that for years are sending millions of millions, by lifting the sanctions. federal reserve comes in pints and a hundred million. that's interesting. the largest bank of the will send millions of dollars to these countries and they're told not to do it. who represents the u.s. interesting cuba? switzerland. if you indict ups to indict the swiss government. a guy like me, crush him. we can't go down that path. how did they come up with $100 million, just out of thin
air? got cheated. i thought they continue to do the illegal business. they wrote a check. write a check. no problem. [inaudible] >> greater senator and say why one should give him your testimony -- and mark that's the first thing. the second thing is why don't they hold hearings on kevin downey and how he misled congress. he violated it. and called me to testify under oath in public. that's what i like to see happen. not just for me, but any other whistleblower that comes forward as well as all of you and every other american tax.
users know the truth and hold these people accountable. they are still doing this. that's the problem. if you don't stop it, it will continue. >> i was just wondering -- [inaudible] >> thank you for the question. this is what i said to one reporter and friends of the woman getting her purse stolen, you report it. it's the right thing to do. on the upper extreme the summer of person wants to ignite a nuclear bomb in this country, we would probably rip it back, too.
an extreme example. that means if you agree with that statement, everything in between should be reported as well if it's illegal. waste, fraud and corruption. as a matter of public policy, if we clean out the illegal acts of waste, fraud and corruption are of people accountable second and there were a better society as a whole. it sounds simple to say, but it's true. everyone says he ragged on him are told on him. if you're breaking the law and you adversely affecting us in the don't you think we should hold them accountable under suitable industry, finance industry. >> you a line country and drum line between public assistance on that? >> of course. you either part of the problem or part of the solution. the problem with the government
is they are the problem. they never give credit to someone else. they may say you're expendable. i think that's what i was feeling is that the doj. no one ever came out and no one wants to give credit to somebody else. that's the problem in private is. they are scared and again the retaliation is very important because it really scares people into not doing anything. >> sounds like wall street. nobody wants jail. nobody testifies, nobody tries, nobody went to jail. [inaudible] >> that's a great question. if you think back to the financial crisis has shown the
one that went to jail. it's quite mnemonic. the whistleblower who brought millions back to this country to perpetuity. what i did to answer the question in a different way similar to various different agencies said they could. you do when. if i went to the senate in the sec. i think that was important part of what i did was tell as many peak was possible so no one could have the story. we see now that's exactly what happened. agencies and started fighting amongst themselves and coming up with stories. it's all about who's going to take the credit. you're right. what happened on wall street is absolutely ludicrous. why wouldn't you? you saw that tim geithner was the federal reserve, treasury secretary and then became the
ap. there are bed together. it's a revolving door. there should be allowed to teach you can't win in private disembark anywhere near the client that you had from government. it's a tough one. [inaudible] >> you can ask my team has here tonight. yes emily did have a problem. i'm a determined individual and thank goodness i have the proceeds to be able to self publish. in another publishing house that i use in austin, texas, and they were very nervous about mentioning names of americans
turned about having documentation that was beyond documentation. my literary attorney was very good and protect you and my interests. when you're the whistleblower, you feel determined to have century strolled. you'll do almost anything to make it told. for those people who think they're not going to be outed, i found a way to out to people, that i will do it. i don't feel threatened. i don't feel intimidated. what are you going to do? put me in jail, did all of that. and out of exposing doj for their corruption and the people who had accounts and there's many more. i certainly don't. how was it that this has been so long and no one did anything? i kept saying to my publisher would need to come forward and tell the story so whether people are empowered.
they are galvanized to say if he did it, i can do it. if we keep russia in the whistleblowers, you'll scare people away from doing the right thing and public policy. it's a public policy issue better for us as a society. i am not >> you're absolutely correct. i didn't work for the cia or nsa. one part of the story in my boat when he was writing my story, the station threatened him. said don't talk about this guy. don't talk about the one exhibit in the book. that was the one name i gave to
the department of justice because he was making illegal sales. after he told them all this information and i went through all what he was doing and how he did it, $420 million. it's right in the book. and i said well, june of 07. one of my good friends in new york is rudy giuliani. you don't understand. we're not interested. the prosecutor in new york. so republicans like rudy giuliani. they're not upholding the law. write to remind you violated the constitution. he should've been fired on the spot. maybe even prosecuted. the point is this. a $50 million condo in new york city. it did nothing. but how can you ignore this one client? so it's a boot maker. when you've gotten a iraqi
national living in new york city on the floor of the olympic tower and making illegal oil sales. i think we invaded this country. really, so this guy was doing this. and then they found trump was full of 100-dollar bills. how convenient? he was doing some shopping and bag that. i have no faith in 16 minutes. none. i did an interview with him. they said what he think he should do? what do go and talk to the class and family members have died and 11 and asked them if they cared.
i saw it firsthand. if you can't tell the truth, get out of the way. people in the government organizations threatened, whatever. it happens all the time. but i keep telling my story at knocking two new telling my story. i hope you enjoy the book. >> can you tell us more about the media and how you hope to protect the whistleblower and so what? >> the problem is very simple. they are in bed with the department of justice is my opinion. i'm not on some doj rant. they twisted the truth. but i began to realize when i watched it very closely with labor but that article later said they get the inside tip. you'll get screwed because you did what we wanted over here. that's not free press.
that's not reporting. that's quit broke all nonsense. unfortunately the media today and i've actually had a lot of luck with european media because there is less influence. but there's some good media in this country and i've had some good success with getting my story out. but it's a big problem in the problem is that it's now been ingrained because people feel reporting is not like it used to be. it's hard to do an investigative story and get to the heart of the problem. >> kevin callahan i'm a huge fan of the story. i do have a question. i feel a little uncomfortable being in washington and asking this question. jericho. a very relevant issue today and i would like you to shed a
little light on what you feel about that subject. >> everybody would like to take their own task. capital gains tax, inheritance tax. some people's bed but cannot that are given all of that. in general, we get some sort of service. the problem in this country is that it's so big as though diverse than the backgrounds are so different that should never agree the tax code is a mess. the corporate side clearly with apple and gd and hewlett-packard in the big money off shore, keeping them up short but it's legal because the code allows it. so change the code.
let's just change the code and make it simple. bring the money back, put them back in america make someone at work here better. there's too many arguing counterparts to this discussion. on the individual side of tax and make sense. get rid of all the nonsense and the accountants, lawyers and all these nonsense people. people should go to do their taxes by themselves, not have to hire someone to do their taxes. would make it a lot easier. if you can make sense and everyone would agree that you say zero to 50,000 to pay 10% pay 50 to 100 eight page 12 and 52 whatever you pay whatever. something that doesn't make sense. no deductions. do some people with education and low income families on welfare benefits. of course some of that has to remain. i get that. but it can be worked out.
the problem is the irs system the so-called plaques that if you can't do your own taxes, that's a problem. my secretary pays more in taxes and i do. if they gave your shares in the company, they pay the same rate you do. what do you think we are fools? for him to make such a comment like that, it's ridiculous. and then he says were against these and dozens of version. sometimes you wonder where these people are coming from. why would she make such a statement to throw your secretary can use her as a guinea in your argument. it's just ridiculous. i have issues with some of those things. in general it's a complicated issue.
there should be a three-tier flat tax system in the corporate stuff should come back and get back in this country and cut out your app. >> first of all, congratulations on your book. now that you've finished writing your book, what is next for you? what are your plans? >> i think part of the book is to also motivate other whistleblowers to come forward and do the right thing. hopefully that comes out in this or that it is against them. that at least gives them a clear image of what's out there and what to do going forward. the other thing is to lecture, to do this around the world. and they continue to do that because it's important to support whistleblowers of these initiatives. but then to hold the government accountable as well because a lot of government officials in
europe were shocked at my story. they couldn't believe it. are we a bit numb to it here since the start of go without? is it just a standard operating procedure in this country? this is a problem in the attitude has to change. i said you have to understand where it derives from back to abraham lincoln. it's a very old law, every successful lock and help everyone recoup these monies. europe had to get their arms around the debate. i spoke to the secretary of norway and said she was very open to the idea. they were to focus on getting the whistleblower and award since 90% goes to the government, 10% would go to the whistleblower. take 10% and put it into a fine. to secure help find education fund, everyone covered. let's say someone comes in with a nonfinancial award
whistleblowing case. so in fact the place that one but also help nonfinancial and everybody wins as a matter of public policy. [inaudible] and the risks he took to that extraordinary wall of swiss secrecy. in terms of not just the u.s. financial system that the global financial system, what are the risks longer-term with what some have suggested a global contagion?
>> i would say again that old adage all of the money is a very important adage because money does corrupt. we all agree that benefit thousands of years and will continue to do so. the problem we have now is money will find a way to go in other directions. other jurisdictions, other way of hiding it, whether it is in other commodities and people can be bribed gifts and so forth. certain countries don't have the same rules and regulations that we might have. the problem we have in this country is the united states and panama are the only two countries that don't agree with the exchange of information. they have an account in the united states. the u.s. wouldn't tell the french government. but it's an american said we want that information. but if the u.s. play by the same
rules? or secretary lou. what are you so against this? why are people paying cash? why do you have people wander into her bag? that's a because jamie dimon is such a great guy. yeah, great guy. they don't want to admit the truth. the truth is they are part of the problem and they don't want to fix it. what about some other countries to say forget dubai, qatar, singapore. great countries but i'm thinking it is not the same. you can even get to it. even though our company history don't know who the shareholders. why? we will never get to the bottom of this until we harmonized it. i'm not saying worldwide, that
the oecd and the treasury department should be pushing us to say no, this is what we want. you've got to play by the same rules as zero. they don't. it's like we are running around his circles and i don't see a solution because they are not playing by the same rules. in the situation in switzerland, the reason i was chased immediately to get all this people was because you don't want the money to score went to places you've never see it again. now it's even smarter. now they put in my friend's account is french. i give up my passport. i'm not american. i'm chairman. now they are stopping money movements and things like that.
they're getting deep down in same will play by the same rules and the way in which businesses can bet they'd than we are going to regulate that. we're not going to have the delaware company history don't know the shareholders. that is nonsense. in our own country we have this? [inaudible] >> well, that's exactly right. i've always said swiss bank secrecy got it ended and is perpetuated by the american government. why didn't you give us all 19,000 names? why? poor people rob a bank and they get the driver and that the other two people though. we'll give you back six since they were sorry. this is what they did and you've got cheated.
not just you. you plus 300 plus a million other americans got cheated. this is outrageous. by the media is not touching upon it, i don't know. ask the media folks. call the white house. i don't know if he's ready. we want answers. you're right. >> a great read. i read about two thirds of it and it's very racy as well. it's a good read. she names, implications here that worry me particularly. one is a developing market. the trouble with this story is a lot of money comes out and it doesn't get invested in education, schools, health care. we end up with a situation that's tantamount to many countries in africa particular.
other countries as well. the second thing if you say follow the money. but if you have the jurisdictions in place in the united states and elsewhere, then you can follow the money and that includes national security. it's a fundamental issue of terrorism, national security, mexican cartels and the rest of it. can you talk to those two issues developing market in terrorism? >> absolutely. if you want to cheat on your taxes but that's one thing. if you want to deny your spouse the information, that's another. you want to cheat your business quadrant, that's another thing. as a basic fundamental reasons why people have offshore accounts. in africa, the developing world is suffering. people are more than poor.
i've been all over. chad, kenya, tunisia, morocco. what happens when i was in chad in 1988, they gave them about $2.8 billion. 300 miles of paved road. 10 years later there was the reason that miles of paved road. where is this money going? there is no flooding water. if you didn't see a car you thought you had the needy villages. when i saw this, i thought you wonder why africa is still the dark ages and why they have diseased. you wonder why dictators come in and do the slave trade and they have guns and killing an oil and diamonds and gold and so forth. the richest are controlling it and all the other people in the underdeveloped part of the world are separate and will continue to suffer. the whole idea, even with the cd hurricane and thinking why are
we sending aid and construction companies to level these homes and build new ones. why? because of this game we keep playing. he is at work. you've got to give them a home. a little house, but get rid of the garbage. when we get it, it doesn't really get there. it's proof positive to look at haiti. it's always been this way time and time again. so if we come back to the african scenario, the problem they are is the rich elite dictators, the money comes to geneva and they are buying homes in london and 50 million pounds. is anyone asking the question why? no, it's too, it's for the bank of the real estate company and everybody wins. so that's the problem. coming back over here you're absolutely right. secrecy here should make this
big joe is the vice president. his state is a big promoter of days. why doesn't he say something? big joe, mr. kerry and about people. the fact is it is in your state. you can't say you don't know what's going on. by that you take an active role in fixing it and tell us to fix it. just like the letter i wrote to the president. tell us what you're going to do to fix it. if you don't fix it, it continues. that's the problem. but they're all going get a nice chip when they leave public office. that's great, but you've got to fix the problem. so these two problems are exactly correct. i've witnessed it. i've seen it and it's very, very sad. any other questions?
>> just a point in africa, do you believe the corporate responsibility has anything to do with the development or non-development of some of these countries and what is that by? >> i don't claim to be an expert on development of conscience but i'm smart enough to see that other than just throw money at the problem and say we are going to give aid or something, you should come in and have a concerted effort to change the existing structure, meaning again you've got to have a place to hang your hat. if you don't have a home, how can you own the country. give them the empowerment to have that, first. if you give them that, i can raise a family. my home got blown away and then living under a shot. this is something that's very wrong. could we would build these homes better and stronger? we don't.
that's a personal pet he. a basic fundamental right. we have the technology to do that. we see these big helicopters coming in and bringing a period but i would put the money towards another affair. if that works, will stick with that program because it hasn't worked on this side. >> just a very interesting thing was discussed in the past. it's great, going into the future with requests for aid and most say they don't pay tax. [inaudible] i felt a great government.
i'm happy to help them. i've had direct contact and i saw what went on there. you have to understand a group of people that are coming with particular markets. you could have an american bass, italian bass, so on and so forth. what happens if you have a concerted effort to have 100 to 200 clients. then the numbers in u.k. to see it's quite substantial. predominantly in switzerland you have massive debt, marketing to those areas. in particular with greece, greece is a small country but a very fluid country. it's very easy for a transport isn't has to take place at easy for many to move around as well. ups took advantage of that. or in the u.s. will not get on the plane until a suitcase full
of cash and fled to geneva. maybe in the 60s, but you wouldn't do that now. over there they operate by different rules so it's much more easy to do that business plus they have companies set up in the regulation so i think you have a big problem in some of these countries that are a little less regulated come easy to do the business of the money was also make us the money that's been existing offshore. the biggest for years has bragging rights. such an incredible thing. i'm not against people having not run if they've made it legitimately. the problem is when you start getting the country whether through corruption and bribes in the person in office, that's a problem. if you don't have accountability and transparency, you've got a big problem. [inaudible]
[inaudible] >> well, i would disagree. the money does get to go and hide even that you think it doesn't, but it does. these people are smarter than us. when you don't come you do not prosecute anyone for laundry list of dollars in drug money. that sends a wonderful message. that's the problem. the treasury department should be cake in the. but they are saying is we caught you but we'll just have you read a check. again, another check. that's fantastic.
it sends a message to people, break the law, do this business, just write the check and you are done. [inaudible] -- benefit, it had red. what is fascinating to me is people inside government also benefit from non-prosecution. one of the things i did was look at who didn't pull the trigger in your case. just before i came here, i used complexity of the google to find out what their salaries were. it is quite astounding. my question here is this revolving golden door. you and i both know what abu incentivize we get more of. we are incentivize into cheating and through that quote and/or
non-prosecution. where does it stop? >> to be don't do something about it, it continues. i think for many, many cases, look at jpmorgan. look at wells fargo. wells fargo. look at hsbc, ups. the list goes on and on. i don't have to delineate everyone, but you can see the common denominator his prosecutors to want to get their hands dirty or it might a favorite of someone higher up. they don't do anything and come to an agreement to write a check. everyone benefits as we said before. as i said in the ups takes, to foot the bill and had nothing to do with it but shareholders footed the bill that they never should've paid. the guy who did the problem won't delay. i think what we are saying here is there is a pattern that they conduct that is going to undermine society and we are seeing that.
now all of a sudden we keep asking why did these keep recurring? because you don't uphold justice. that is why. i think we will see it in other ways down the road where it will become much for a dangerous and they get bigger and bigger and continue to do the problems we see today. if you don't uphold the law, we are a lawless country. they say no, we take care of this. we do it. but you don't. this is where we get a deferred prosecution agreement. even cheating on our tax code and securities for a decade. so we should turn a blind eye? it is clear. when i was at ups, you could open an account with forms can say los angeles but we needed the client signature confirmed. they could get it done. so they are aiding and abetting tax diversion. we're not interested in that. i am.
think about that for a second. that was worldwide. so the swiss embassies around the world open an offshore bank account which would then come back and open the account. wonderful. that's great. incredible. any other questions? >> i am david. you and i have spoken in the past. we've been in operation since 2012 and we have talked to the fbi, cia, doj, the side, u.s. treasury will all turn their back. you know and i know that today they are moving massive amounts of money using correspondent account here it is all dentists and credits.
it is worse today than when you review it the ups american taxpayers. the reason why the deferred prosecution agreements are so popular today is because that money doesn't go into the u.s. treasury. that gets dispersed by the white house. >> in your question? >> my question is it was back when you rebuild the ups situation. it is worse today. i don't see any hope. >> what is your question? >> my question is what is the benefit of a whistleblower coming out and trying to do his civic duty by showing corruption in government, corruption and banks, corruption wherever. what is the point because if the
government won't protect you and said they'll try to prosecute you, why take the risk? >> well, thank you for the question. it's an age-old question and this is the essence of my book to tell people that have the courage to come forward and do the right thing. there's big powers have been better looking to understand the whistleblower. the loss suffered in their own way, some harder than others. if we don't make a stand and change the laws, senator grassley who is a champion of whistleblowing spot for peoples rights,, who was held here in on it. i would love to be a part of it. the problem is if we don't unite as one voice and come forward, it will be a problem. you are correct. i think what we are seeing now in europe it is slowly catching on. some, though just to protect them, but it's a move in the
right direction but it's not perfect clearly is certainly the people need to have stronger whistleblowing protections of the department of justice held accountable and if you go off to whistleblower with the big institution, what does that say about our system? i tend to agree with what you're saying. but become as one voice together it will be much more powerful than we need people to make some changes and hopefully that will work in our favor. any other questions? no one is falling asleep by that? >> i want to say that as u.s. citizens who shall thank you for turning your life upside down. yes he came out for a nice benefit that it spends long to get to this point. i wish you well on this book and i would like to visit bristly