- Swisspartners Investment Network AG, a Swiss-based asset management firm, and three subsidiaries.
- Swisspartners Wealth Management AG, a Zurich-based trust services provider that established, organized, and managed entities, such as foundations and trusts, on behalf of, among others, U.S. taxpayer-clients.
- Swisspartners Insurance Company SPC Ltd., a Cayman Islands-based life insurance carrier that offered life insurance and annuity products to, among others, U.S. taxpayer-clients.
- Swisspartners Versicherung AG, a Liechtenstein-based insurance carrier that offered a variety of insurance and annuity products to, among others, U.S. taxpayer-clients.
On May 9, the U.S. Attorney filed a forfeiture complaint for $3.5 million of fees received by the Swisspartners companies. The other $900,000 paid to the U.S. was restitution to the IRS. The NPA was attached to the complaint as an exhibit. The complaint referred to "insurance policies," and the NPA referred to "life insurance and annuity products." However, neither document indicated the types of life insurance policies and annuity contracts used in the schemes. (U.S.A. v. $3,500,000 in U.S. Currency, U.S. District Court, Southern District of New York, Case No. 14-cv-3385.)
I am offering a complimentary 24-page PDF consisting of the complaint and the NPA. Send an e-mail to firstname.lastname@example.org and ask for the Swisspartners package.