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❕NEWS Peter Schiff suspected of tax evasion

AudraMiller

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One of the most notorious bitcoin critics is by the name of Pere Schiff. This man own a bank known as the Euro Pacific bank, and is currently under investigation for tax evasion. Just to give you guys a bit of a back story here, this man is worth over 100 million dollars, and the reason that he is so well known in the crypto world is that he is extremely vocal n how much he is against the use of crypto, in specific bitcoin.

It is believed that the dislike for the bitcoin currency came from when there was hackers who attacked his bank at a vulnerable point in their cyber security system and demanded 1000 BTC to be paid to them. To be honest, i think that this cannot be attributed to bitcoin, but nonetheless i digress.

A recent article shows that a global task force which is aimed at tax fraud, found that hundred of accounts at Euro Pacific may be suspected of tax evasion. Peter denies these allegations, but his father was also found guilty of this when he was in business.

What do you guys think?
 
100 million dollars ? since he is a bank owner i see no reason for his dislike on crypto currency because most bank see it as a threat thats why they don't support it
 
100 million dollars ? since he is a bank owner i see no reason for his dislike on crypto currency because most bank see it as a threat thats why they don't support it
That makes sense from that point of view. There are quite a few people who have turned to crypto and in doing so they have also lowered their investments in banks. Thanks for your input.
 
One of the most notorious bitcoin critics is by the name of Pere Schiff. This man own a bank known as the Euro Pacific bank, and is currently under investigation for tax evasion. Just to give you guys a bit of a back story here, this man is worth over 100 million dollars, and the reason that he is so well known in the crypto world is that he is extremely vocal n how much he is against the use of crypto, in specific bitcoin.

It is believed that the dislike for the bitcoin currency came from when there was hackers who attacked his bank at a vulnerable point in their cyber security system and demanded 1000 BTC to be paid to them. To be honest, i think that this cannot be attributed to bitcoin, but nonetheless i digress.

A recent article shows that a global task force which is aimed at tax fraud, found that hundred of accounts at Euro Pacific may be suspected of tax evasion. Peter denies these allegations, but his father was also found guilty of this when he was in business.

What do you guys think?
Well , it might be true that he knew nothing about the allegations but then I believe with time the truth will unfold . Most Bitcoin critics end up turning back to it
 
That makes sense from that point of view. There are quite a few people who have turned to crypto and in doing so they have also lowered their investments in banks. Thanks for your input.
Yeah banks gains more revenue from crypto transaction so this basis shows that some people are no longer using banks and are now based on crypto currency so this is making them lose customers daily
 
Why would he invade tax? It is so unfortunate that his father left a bad reputation that is somehow now rubbing off wrongly on him.
Tax evasion is a form of tax and am suprise that despite his wealth infulence he is still been penalised for tax evasion I just hope he is judged rightly
 
Tax evasion is a form of tax and am suprise that despite his wealth infulence he is still been penalised for tax evasion I just hope he is judged rightly
I am a bit surprised about that too. Why he would evade tax when he knows the possible consequences. Anyways, we can't really determine what goes on in someone else's mind.
 
Yeah banks gains more revenue from crypto transaction so this basis shows that some people are no longer using banks and are now based on crypto currency so this is making them lose customers daily
There are even some countries that have noticed this to such an extent that the banks now offer crypto as well and in doing so they are hoping to promote their bank and increase the investment that people make into their bank. I think that this is also a great initiative.
 
One of the most notorious bitcoin critics is by the name of Pere Schiff. This man own a bank known as the Euro Pacific bank, and is currently under investigation for tax evasion. Just to give you guys a bit of a back story here, this man is worth over 100 million dollars, and the reason that he is so well known in the crypto world is that he is extremely vocal n how much he is against the use of crypto, in specific bitcoin.

It is believed that the dislike for the bitcoin currency came from when there was hackers who attacked his bank at a vulnerable point in their cyber security system and demanded 1000 BTC to be paid to them. To be honest, i think that this cannot be attributed to bitcoin, but nonetheless i digress.

A recent article shows that a global task force which is aimed at tax fraud, found that hundred of accounts at Euro Pacific may be suspected of tax evasion. Peter denies these allegations, but his father was also found guilty of this when he was in business.

What do you guys think?
His aversion to Bitcoin may be due to ignorance and being a visceral guy in his decisions. Sooner or later you will have to get on the new trend bus, otherwise you run the risk of being left behind.
 
There are even some countries that have noticed this to such an extent that the banks now offer crypto as well and in doing so they are hoping to promote their bank and increase the investment that people make into their bank. I think that this is also a great initiative.
They can't force people to use bank for crypto trading because many people are really interested in online site since they want annonymity
 
They can't force people to use bank for crypto trading because many people are really interested in online site since they want annonymity
Definitely. I don't think that these banks are trying to force people to use crypto through them but rather provide them with the option for just in case they want to consider it and help the bank get back some customers.
 
A lot of corporate CEOs are doing tax evasion, heck even Google does it. Kinda funny how people who against Bitcoin went down one by one because of rule breaking though.
 
A lot of corporate CEOs are doing tax evasion, heck even Google does it. Kinda funny how people who against Bitcoin went down one by one because of rule breaking though.
Yeah it is very ironic. To be honest, i thought that these people would have taken to crypto a lot more because it would have essentially been a benefit for their rule breaking activities haha. But it is good that these people are being found out.
 
His aversion to Bitcoin may be due to ignorance and being a visceral guy in his decisions. Sooner or later you will have to get on the new trend bus, otherwise you run the risk of being left behind.
There are some people who are so grounded in their ideologies that nothing gets through to them. They don't care if they are the only one on the wrong bus.
 
Tax evation is a tool government use to bring down individuals against her policies or program, lots of people invade tax and they are untouched. This man' s dislike for bitcoin may be connected to attack he witness in his bank and the ransom demanded in bitcoin.
 
Why do top money makers avoid paying tax. It baffles me you are making money but don't want to part with some money for tax. He should be dealt with it found guilty
 

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