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October 20, 2020

Tax Fraud and Evasion Probe Launched Against Euro Pacific Bank
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The New York Times has revealed officials in the United States and four
other nations have launched a massive tax fraud probe targeting a Puerto
Rican-based bank owned by the prominent libertarian investor Peter
Schiff. Hundreds of clients of Euro Pacific Bank are also being probed
for tax evasion. The bank is one of many boutique banks set up in Puerto
Rico, which has become a popular tax haven for wealthy investors.


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