Just last year, the French government indicted Baron David de Rothschild for fraud charges.
It was alleged that he embezzled millions rom British pensioners. This case has taken quite some time to be brought up in court against Rothschild and Rothschild Financial Services group, which wrongfully held pensioners in a loan scheme in the years from 2005-2008.
Over time, pensioners lost money and sought charges against Rothschild, starting up a case that builded up to this indictment. In June, Javier Gómez Bermudez, a Paris-based liaison ruled that Rothschild face trial, and served him a warrant for arrest. Local police were tipped to locate and apprehend him.
“It is a good step in the right direction. The courts are now in agreement with us that there is enough evidence to interrogate Baron Rothschild. The first thing they will have to do is find him. Once they have done that they can begin to question him. It is a real breakthrough moment for everyone involved,” lawyer Antonio Flores of Lawbird told the Olive Press
after the ruling.
“In short, independently of what happened to the investment, Rothschild advertised a loan aimed at reducing inheritance tax, which is a breach of tax law,” he added. Even with the good news of a Rothschild being indicted, another spectacular announcement was made. The French government ruled that an investigation into the Swiss branch of the Rothschild’s banking empire to be conducted.
Bloomberg reports that, The Swiss unit of Edmond de Rothschild said it’s the subject of a French probe regarding a former business relationship managed by a former employee.
“Edmond de Rothschild (Suisse) SA is actively participating in the criminal investigation under way,” the Geneva-based bank said in an e-mailed statement on Friday. “The bank denies all the allegations that have been made against it.”
Edmond de Rothschild, a private banking and asset management firm established in Paris in 1953, oversees about 150 billion euros ($164 billion) and is led today by Baron Benjamin de Rothschild and his wife Ariane.
The Swiss unit traces its roots to the acquisition of Banque Privee in Geneva in 1965. The company has no further comment at this time, according to the statement. Officials in Geneva weren’t immediately available to respond to a telephone call from Bloomberg News on Friday.”
The Rothschild empire has benefitted in helping to route the global elite’s wealth from traditional tax havens like the Bahamas, Switzerland and the British Virgin Islands to the U.S.Last month, the Free Thought Project reported on the above the law tax haven established inside the United States by the Rothschilds.
After opening a trust company in Reno, Nev., Rothschild & Co. began to handle and transfer massive fortunes of the world’s most wealthy individuals out of typical tax havens, and into the Rothschild run U.S. trusts, which are exempt from all international reporting requirements.
The Rothschild family has been accused of manipulating other governments around the world through their close economic ties. There is enough evidence to point out that the family used insider trading to earn money from public and private funds. In the Napoleonic wars, specifically the Battle of Waterloo, Nathan Rothschild did some “insider trading,” which opened the door for the Rothschild’s to rob a nation.
When it took place in 1815, communication methods were very slow and not quick like they are today. The family took advantage of that and hired insider spies on the battle lines, that would come back with sensitive information quicker than the military messengers.
Nathan Rothschild was the first to know when the British won the war, and he ended up selling stocks while spreading a false rumor that France won the war. It caused such an outright panic in the stock market, that British investors rushed to sell all their stocks. With this happening, Rothschild was able to purchase the whole entire Financial market in England for half of its cost.
The market value increased when news spread that the British won the war.
It was that night when Nathan Rothschild solidified his family’s wealth and place as one of the richest families in the entire world.
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