A quick synopsis of the 60 Minute segment.There are a lot of...

A quick synopsis of the 60 Minute segment.


There are a lot of Aussies who are tax evading via off shore accounts and financial gymnastics with the ultimate repository being the Schiff owned Euro Pacific Bank which is located in Puerto Rico. Australia, Usa, England, Nerherlands and Canada are all together sharing info so they can recoup their lost tax revenue

The inference of the segment was that the bank did not care where the deposits came from or wether they were the proceeds of crime or money laundering. The bank came across as somewhat dodgy and when pressed and pressed by the reporter Schiff walked out of the interview.

It was a definite hit piece on the bank and pretty agressive. One assumes Channel 9 did their homework and due diligence because if they got it wrong then they could face a huge damages law suit.