Whistleblower re-arrested over new leaks
(CNS): Following his conviction on Wednesday for breaching Swiss secrecy laws, former banker and employee of Julius Baer, Rudolph Elmer, has been re-arrested on newcharges of breaking the country’s secrecy laws by passing on new material to the WikiLeaks founder, Jullian Assange, in London at a press conference on Monday, 16 January. The whistleblower was arrested hours after being found guilty of breaching another bank secrecy law by a Zurich court and fined over $6,000, as well as being found guilty of threatening an employee at his former bank. Swiss authorities, who have 48 hours to hold him in custody, are expected to question Elmer today in connection with the latest leak.
The documents that Elmer is said to have stolen and then leaked relate to his time as head of operations for the Swiss bank at its subsidiary in the Cayman Islands. Elmer first leaked private bank details about Baer clients to WikiLeaks three years ago. Assange said he will publish the new information within weeks, once it has been checked.
Category: World News
again….Where are our confidentiality laws! Justice should prevail? here no? our reputation is based on confidentiality no?
Right you are! Caymans reputation to the rest of the world is well known as a place where doing what is criminal (in that country) is the norm. Reading the Cayman news shows the rest of the world that criminality still is a basic right here for many including XXXX.
Why are you all happy?Thats a slap on the wrist and a waste of time…$6250.00 . He should get some book deals now and cash in how popular the media has made him.
Why is the Cayman Islands AG not charging him?!?!
This data was taken from a Cayman branch of the bank.
This man has broken Cayman’s confidentiality laws.
John Mathewson handed over the entire records of Guardian Bank and Trust to the IRS and he was never charged.
As with most, if not all, Offshore Financial Centers, laws governing the financial services industry are seldom enforced. They are, essentially, window dressing.
It seems that pretty much the only time provider is criminall prosecuted is when locals are the victims, e.g. Christopher Girvan. If foreign clients are the victims, it is typically deemed not worthy of criminal investigation.
If anyone has any data to prove otherwise, I’m all ears.
Absurdistani you are absolutely correct, so let us hear from our AG.
Click below for a teaser for a documentary about Rudolf Elmer entitled ‘A Leak in Paradise’.
http://www.youtube.com/watch?v=C2sBpshDHzo
Slap on the wrist… strategy or big picture thinking? As if to say "naughty boy, now if you do that again, you will not be so lucky?" Interesting to know the behind the scene maneuvers on this one.
Some people in the Cayman Islands should do the same, you will be well rewarded by the US government.
It looks to me that the banking secrecy is quit cheap in Switzerland! I will be surprised if no other "bankers" bring confidential files to the public eye. This verdict may and probably will open the door to end secrecy. For the better or the worst…always depends on which side your sitting I guess!
Anyway, I’m way to broke to worry about billionaires right now…and it’s not a secret to my bank 😉
Good. Justice is sweet. Surprised the Cayman Islands have not done the same.