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Pacific Free Press: WikiLeaks' Threat and Other Tales from the Dark Side


By FZ - Posted on 07 March 2011

March 6, 2011- It all began with news that WikiLeaks would soon shine a spotlight on the thieves dominating the global financial sector, those self-styled "masters of the universe" reigning over capitalism's Borg hive. Scant months later, as a result of hubris and egomaniacal greed, an enormous window was smashed open and a sharp, merciless light flooded the dark recesses of the dirty world of corporate spying.

Last November, Julian Assange told Forbes that WikiLeaks next target would be a "major American bank."

"It will give a true and representative insight into how banks behave at the executive level in a way that will stimulate investigations and reforms, I presume," Assange informed journalist Andy Greenberg.

"For this, there's only one similar example. It's like the Enron emails."

This was no idle threat. Back in January, Swiss whistleblower Rudolf Elmer, a former executive with Switzerland's Bank Julius Baer turned over two CDs to Assange at a London press conference.

WikiLeaks first brush with notoriety, readers will recall, came in 2008 when a federal district court judge in San Francisco first clamped down and then rescinded an order that would have shuttered the web site over their release of highly-compromising internal Baer documents; files which revealed secret trust structures used for asset hiding, money laundering and tax evasion.

The next Baer disclosures are reportedly chock-a-block with new information on tax dodges by "about 40 politicians along with business people, multinational conglomerates and figures from the art world," leaks which The Independent claims could spark a major international scandal.

Elmer, once Baer's man in the British-controlled corporatist paradise, handed Assange information that purportedly included "all the back-up data held on Julius Baer's computer server in the Caymans at the time he was sacked, including accounts, correspondence, memos and resolutions dealing with 114 trusts, 80 companies, 60 funds and 1,330 individuals," according to The Guardian.

It was enough to get Bank of America executives to break out in a cold sweat. After all, Assange told Forbes that WikiLeaks has the hard drive of a bank official loaded with some 5 gigabytes, or 200,000 pages of text, disclosures that would "take down" a major American bank and reveal a pervasive "ecosystem of corruption."

FULL STORY HERE: