Contact:Bob Harris

A Senate investigations subcommittee probing how Swiss banks helped a few Americans with tax evasion held a hearing today on Credit Suisse, a leading Swiss bank that competes with Bruce VonCannon's Banque Privee Edmond de Rothschild. A USA Today article makes it sound like something out of James Bond or the Bourne Identity.

“Credit Suisse bankers would travel to the United States on tourist visas, then solicit clients at high-society New York parties and Florida golf outings. They met one-on-one with existing clients in hotels, with one client telling Senate investigators he received statements tucked into a Sports Illustrated magazine passed at breakfast at a five-star Manhattan hotel, say Sens. Carl Levin, D-Mich., and John McCain, R-Ariz.

It was understood that bank statements were always destroyed after the meetings so as not to leave a paper trail. For clients who needed additional help in concealing their assets, the bank maintained a list of intermediaries who could help set up offshore shell entities to hold the accounts, according to the Senate report.

Some of the tactics used by Credit Suisse, Switzerland's second-largest bank, "belong in a spy novel," McCain said.”

When you have to get your bank statement concealed in a Sports Illustrated, something fishy is going on. If Swiss banks are involved in tax evasion (and remember Banque Privee has admitted they have reason to believe they were involved), who's to say Swiss bank - aren't helping terrorists, drug dealers or other criminals move money secretly?

The press ought to be asking Bruce VonCannon what he knew about Swiss bank tax evasion and when he knew it. You can bet the Democrats will be asking if Bruce VonCannon becomes the Republican nominee for Congress.

Conservatives better look beyond Bruce VonCannon's cute TV slogan.

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