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Bank Julius Baer Issues Statement On WikiLeaks

dtwood writes "The bank that got WikiLeaks.org erased from DNS finally hired a PR agency and issued a press release filled with half truths and non-statements. Tynan on Tech has it, along with some brief commentary. Worth a look."

13 of 187 comments (clear)

  1. they make a good point: by greenslashpurple · · Score: 5, Funny

    "The posting of confidential bank records by anonymous sources significantly harms the privacy rights of all individuals." Especially individuals engaged in tax fraud.

    1. Re:they make a good point: by howdoesth · · Score: 5, Funny

      Isn't being engaged in tax fraud a prerequisite for having a bank account in the Cayman Islands?

    2. Re:they make a good point: by jtheisen · · Score: 5, Informative

      Which is exactly what happened a couple of weeks ago here in Europe: German tax offices bought (with the help of the BND, Germany's service for foreign intelligence) records from a leaker of a bank in Lichtenstein with information about who had foundations there - foundations that are almost always used in order to commit tax fraud. They bought it for 3 million Euro, but claimed to get much more than that back. The CEO of the German Post fell over that scandal. According to SPIEGEL ONLINE, many other countries, including the US, also bought that information. Naturally, Liechtenstein got quite a fit about this and accused the German goverment of "Hehlerei im großen Stil" (legal expression, to receive stolen goods as a criminal act).

  2. Re:Non-truths? by Itninja · · Score: 5, Funny

    I think any reasonable person knows what a half-statement. It's a completely legitimate. Most English professors.

    --
    I judt got a nre Kinesis keybiartf so please excusr ant egregiou typos.
  3. Re:Looks like my dreams have been canceled by KublaiKhan · · Score: 5, Funny

    HELLO good sir i am an honest man from the UNITED STATES who has a BUSINESS proposition for you in good health and honesty for good christian man of good character such as yourself.

    I am prepared to offer a BUSINESS deal to great advantage for you in monetary security terms for the storage of your FINANCIAL difficulties for very reasonable rate. Please to send to me your

    name
    date of birth
    bank routing number
    social security number
    mother's name

    and i will PROVIDE for YOU a small room for the storage of your MONETARY. For this service you may keep 10% of the AMOUNT GIVEN in good health as thanks for your ASSISTANCE.

    In good health and honesty,
    Fow Ern Ineteen, Esq.

    --
    In Xanadu did Kubla Khan
    A stately pleasure dome decree
  4. Re:Non-truths? by morgan_greywolf · · Score: 5, Insightful

    Erm, well, one of the things they say relates to the documents being "stolen and forged". Then, in the very same paragraph, they refer to the documents as "private" and "confidential".

    Sorry, but, um, forged documents aren't private or confidential unless they contain some degree of accurate information, I suppose...but then they're not subject to banking laws because they're fake documents, right?

    So, which is it, Julius Baer? Are these documents forgeries, or are they real documents and therefore subject to banking privacy laws? You don't get to have your cake and eat it, too.

    If JB lawyers really had the aim to stop the publication of the documents, they could have just sent WikiLeaks a C&D, who maybe would have even taken it down. But instead, they call up WikiLeaks asking them who their lawyer is and refuse to identify themselves. Who do these people think they are? The fscking Mafia? Wait, don't answer that ... :-D

  5. Re:Non-truths? by HTH+NE1 · · Score: 5, Funny

    So, which is it, Julius Baer? Are these documents forgeries, or are they real documents and therefore subject to banking privacy laws? You don't get to have your cake and eat it, too. Have you not heard of superposition? It's a matter of quantum legal entanglement.
    --
    Oh, say does that Star-Spangled Banner entwine / The myrtle of Venus with Bacchus's vine?
  6. Liar and a leaker... by Mike1024 · · Score: 5, Insightful
    From the article

    You can't be a leaker and a liar at the same time. In fact, it's really unclear what Baer claims is legit (but stolen) and what it claims is false or forged. It would be possible to have both stolen true information and fabricated false information in the same document - or to have a mix of authentic documents and forged documents. Hence "stolen and forged bank records" could be true.

    Also, it makes sense for a company not to comment on the authenticity of leaked documents - and the bank could argue that wikileaks should remove the documents if they are fake (assuming wikileaks purports to be a factual site); and should remove them if they are illegal; and therefore should remove the documents without the bank specifying if they are authentic or not.

    That said, hosting fictional information probably isn't a crime (unless you could work slander or libel into it); and hosting private/secret documents against the rights holders' wishes is kind of wikileaks' raison d'etre.

    Just my $0.02
    --
    "Goodness me, how unlike the FBI to abuse the trust of the American public." -- The Onion
  7. Actually by wsanders · · Score: 5, Interesting

    I once worked at a place where a lot of people had security clearances. A coworker enjoyed scuba diving, and bought a condo in Grand Cayman. That security clearance whooshed away faster than a bottle of vodka in Britney Spear's glove compartment.

    Eventually the coworker was reinstated, so there are bind fide reasons for transacting business in the Caymans. Scuba diving, nig game fishing, genocide, drug dealing, weapons smuggling, corporate espionage come to mind, in addition to plain old tax fraud.

    --
    Give a man a fish and you have fed him for today. Teach a man to fish, and he'll say "WHERE'S MY FISH, YOU IDIOT?"
  8. Re:Opinions, Opinions by JustinOpinion · · Score: 5, Insightful

    I'm not sure if exposing some tax fraud is a goal high enough to disregard legal standards. Well this is the fundamental question of whistle-blowing. Nearly all whistle-blowing is illegal, since someone is violating a confidentiality agreement, breaking a contract, publishing private information, etc.

    I don't know to what extent this has been legally codified, but the consensus has grown to be that whistle-blowing should be somehow allowed, or even encouraged and protected. This is why we consider it reasonable for a reporter to "not disclose a source" and why Wikileaks should be protected.

    If the information can be shown to be false, then yes it should be removed. But unauthorized publication of data which unequivocally proves that some bigger crime has occurred has to be allowed and protected if we are going to fight big crimes. This protection has to extend to the original whistle-blower, and the reporting agents (journalists, wikileaks, etc.), even though they may be technically breaking certain laws (e.g. disclosure of private data).
  9. News coverage by Zork+the+Almighty · · Score: 5, Insightful

    Did anyone see the Associated Press coverage? link.

    "An effort at damage control has snowballed into a public relations disaster for a Swiss bank seeking to crack down on a renegade Web site for posting classified information about some of its wealthy clients."

    Apparently, company information is "classified information", and WikiLeaks is a "renegade" website. I guess it is compared to the Associated Press. Here's a high school example of propaganda. Perhaps it was written by a high school student.

    --

    In Soviet America the banks rob you!
  10. Re:Non-truths? by harryHenderson · · Score: 5, Insightful

    Not to defend the bank, but a set of documents CAN be both legitimate and forged at the same time. Some can be real and some can be false. The problem that the bank could be in (if they aren't totally lying) is that only demanding the take down of the real documents in the C&D will expose which records are real, and as such need to be kept confidential. The ONLY thing the bank could do in that case is to BOTH deny any of the documents are true and demand that they all be taken down.

  11. Re:Non-truths? by The+Angry+Mick · · Score: 5, Funny

    Have you not heard of superposition? It's a matter of quantum legal entanglement.

    Is that when the plaintiff gets to be on top, or is it the other way around?

    --

    I'm not tense. I'm just terribly, terribly, alert.