Law heir – Clever Splitter http://cleversplitter.com/ Fri, 22 Oct 2021 16:02:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://cleversplitter.com/wp-content/uploads/2021/07/icon-2021-07-28T170948.334-150x150.png Law heir – Clever Splitter http://cleversplitter.com/ 32 32 Real estate heir Robert Durst charged with 1982 murder, wife missing -NY Times https://cleversplitter.com/real-estate-heir-robert-durst-charged-with-1982-murder-wife-missing-ny-times/ https://cleversplitter.com/real-estate-heir-robert-durst-charged-with-1982-murder-wife-missing-ny-times/#respond Fri, 22 Oct 2021 15:09:11 +0000 https://cleversplitter.com/real-estate-heir-robert-durst-charged-with-1982-murder-wife-missing-ny-times/ Real estate heir Robert Durst was charged in New York State with murder in his wife’s disappearance in 1982, the New York Times reported on Friday, a week after being sentenced in California to life in prison for the murder of his best friend in 2000. New York State Police investigator Joseph Becerra filed a […]]]>

Real estate heir Robert Durst was charged in New York State with murder in his wife’s disappearance in 1982, the New York Times reported on Friday, a week after being sentenced in California to life in prison for the murder of his best friend in 2000. New York State Police investigator Joseph Becerra filed a criminal complaint Tuesday in Lewisboro, New York, charging Durst, 78, with the second degree murder of Kathie McCormack Durst, reported missing on Jan. 31, 1982, reported the Times.

Becerra’s complaint states that the charge against Durst is based on details contained in the records of the Westchester District Attorney, New York State Police and Los Angeles District Attorney, as well as ” conversations with numerous witnesses and observations of the defendants, taped interviews and observations of Mr. Durst’s taped interviews and testimony in court in related proceedings. “On October 14, a California judge sentenced Durst to life in prison without parole for the murder of her best friend, Susan Berman, in 2000.

Durst has COVID-19 and was on a ventilator, The Los Angeles Times reported last week.

(This story was not edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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American heir Robert Durst is sentenced to life for murder | Canberra weather https://cleversplitter.com/american-heir-robert-durst-is-sentenced-to-life-for-murder-canberra-weather/ https://cleversplitter.com/american-heir-robert-durst-is-sentenced-to-life-for-murder-canberra-weather/#respond Thu, 14 Oct 2021 23:15:16 +0000 https://cleversplitter.com/american-heir-robert-durst-is-sentenced-to-life-for-murder-canberra-weather/ news, latest news A California judge sentenced real estate heir Robert Durst to life in prison without parole for the murder of his best friend Susan Berman in 2000, a long-delayed punishment for a man who has mostly evaded the law for 39 years old. Durst, 78, in poor health, appeared dejected and slumped in […]]]>

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A California judge sentenced real estate heir Robert Durst to life in prison without parole for the murder of his best friend Susan Berman in 2000, a long-delayed punishment for a man who has mostly evaded the law for 39 years old. Durst, 78, in poor health, appeared dejected and slumped in his wheelchair during the hearing, unshaven and disheveled in his Los Angeles County jail uniform. A much more confident and robust Durst had challenged the filmmakers in a 2015 documentary series when he appeared to inadvertently confess to murder on the microphone. Durst, a multimillionaire whose grandfather founded one of New York’s leading real estate companies, has long been suspected but never charged in the disappearance of his wife Kathleen McCormack, who went missing in New York in 1982. Berman survivors who spoke at the hearing begged Durst to reveal where he hid his wife’s body, saying it could give him a chance to redeem himself. “He should let us know the whereabouts of Kathie’s body so her family can secure a shutdown,” said David Berman, the victim’s cousin. Those close to Susan Berman have expressed remorse on her behalf, as evidence from the trial indicated that Berman had helped provide Durst with a false alibi on McCormack’s disappearance. Prosecutors alleged Durst killed Berman because he feared she would finally reveal what she knew to authorities. Last month, a jury found Durst guilty of shooting 55-year-old Berman in the back of the head in his Beverly Hills home. The jury also found him guilty of the special circumstances of waiting and murdering a witness, which results in a mandatory life sentence without the possibility of parole. Superior Court Judge Mark Windham, who handed down the sentence on Thursday, also rejected a defense request for a new trial, saying there was “overwhelming evidence of guilt” that has been proven repeatedly. The trial took place six years after Durst’s apparent confession aired in the HBO television documentary series The Jinx, in which Durst, who still wore a live microphone after an interview, went into a bathroom and said to himself: “What could I have done? … To have killed them all, of course. Durst was only on trial for Berman’s murder in California, but prosecutors argued he murdered three people: his missing wife, Berman and a neighbor in Texas who discovered his identity when Durst was in hiding from the law . Durst had previously been acquitted of the Texas case although he admitted to dismembering the man’s body. The McCormack family have urged prosecutors in Westchester County, New York, to prosecute Durst for his murder. Westchester County District Attorney Mimi Rocah reopened the case in May, shortly after taking office. His office declined to comment on Thursday. Associated Australian Press

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Real estate heir Robert Durst sentenced to life imprisonment … https://cleversplitter.com/real-estate-heir-robert-durst-sentenced-to-life-imprisonment/ https://cleversplitter.com/real-estate-heir-robert-durst-sentenced-to-life-imprisonment/#respond Thu, 14 Oct 2021 23:05:00 +0000 https://cleversplitter.com/real-estate-heir-robert-durst-sentenced-to-life-imprisonment/ (Add audience details) By Daniel Trotta Oct. 14 (Reuters) – A California judge on Thursday sentenced real estate heir Robert Durst to life in prison without parole for the 2000 murder of his best friend Susan Berman, in a long-delayed punishment for a man who has for the most part escaped the law over 39 […]]]>

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By Daniel Trotta

Oct. 14 (Reuters) – A California judge on Thursday sentenced real estate heir Robert Durst to life in prison without parole for the 2000 murder of his best friend Susan Berman, in a long-delayed punishment for a man who has for the most part escaped the law over 39 years.

Durst, 78, in poor health, appeared dejected and slumped in his wheelchair during the hearing, unshaven and disheveled in his Los Angeles County jail uniform.

A much more confident and robust Durst had challenged the filmmakers in a 2015 documentary series when he appeared to inadvertently confess to murder on the microphone.

Durst, a multimillionaire whose grandfather founded one of New York’s leading real estate companies, has long been suspected but never charged in the disappearance of his wife Kathleen McCormack, who went missing in New York in 1982.

Berman survivors who spoke at the hearing begged Durst to reveal where he hid his wife’s body, saying it could give him a chance to redeem himself.

“He should let us know the whereabouts of Kathie’s body so her family can secure a shutdown,” said David Berman, the victim’s cousin.

Those close to Susan Berman have expressed remorse on her behalf, as evidence from the trial indicated that Berman had helped provide Durst with a false alibi on McCormack’s disappearance. Prosecutors alleged Durst killed Berman because he feared she would finally reveal what she knew to authorities.

Last month, a jury found Durst guilty of shooting 55-year-old Berman in the back of the head in his Beverly Hills home. The jury also found him guilty of the special circumstances of waiting and murdering a witness, which results in a mandatory life sentence without the possibility of parole.

Sentencing Superior Court Judge Mark Windham also dismissed a defense request for a new trial, saying there was “overwhelming evidence of guilt” that has been proven repeatedly.

The trial took place six years after Durst’s apparent confession aired in the HBO television documentary series “The Jinx,” in which Durst, who still wore a live microphone after an interview, went into a bathroom and thought, “What the hell did I do? … Killed them all, of course.”

Durst was only on trial for Berman’s murder in California, but prosecutors argued he murdered three people: his missing wife, Berman and a neighbor in Texas who discovered his identity when Durst was in hiding from the law. Durst had previously been acquitted of the Texas case although he admitted to dismembering the man’s body.

The McCormack family urged prosecutors in Westchester County, New York, to prosecute Durst for his murder.

Westchester County District Attorney Mimi Rocah reopened the case in May, shortly after taking office. His office declined to comment on Thursday. (Reporting by Daniel Trotta; Additional reporting by Dan Whitcomb Editing by Jonathan Oatis, Aurora Ellis and Cynthia Osterman)

Our Standards: Thomson Reuters Trust Principles.


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Judge should sentence real estate heir Robert Durst to life for murder in California https://cleversplitter.com/judge-should-sentence-real-estate-heir-robert-durst-to-life-for-murder-in-california/ https://cleversplitter.com/judge-should-sentence-real-estate-heir-robert-durst-to-life-for-murder-in-california/#respond Thu, 14 Oct 2021 14:33:00 +0000 https://cleversplitter.com/judge-should-sentence-real-estate-heir-robert-durst-to-life-for-murder-in-california/ Oct. 14 (Reuters) – A California judge is expected to sentence multimillion-dollar real estate heir Robert Durst, who was convicted last month of murdering his best friend Susan Berman in 2000, to life imprisonment. Durst, 78, in poor health, had spent much of the past four decades evading the law, since his wife Kathleen McCormack […]]]>

Oct. 14 (Reuters) – A California judge is expected to sentence multimillion-dollar real estate heir Robert Durst, who was convicted last month of murdering his best friend Susan Berman in 2000, to life imprisonment.

Durst, 78, in poor health, had spent much of the past four decades evading the law, since his wife Kathleen McCormack Durst disappeared in New York in 1982.

Los Angeles County prosecutors alleged he killed Berman because she helped provide Durst with a false alibi in 1982 and he feared she would reveal it to authorities.

A Los Angeles County jury found him guilty of shooting Berman, 55, in the back of the head in his Beverly Hills home. The jury also found him guilty of the special circumstances of waiting and murdering a witness, which results in a mandatory life sentence without the possibility of parole.

Superior Court Judge Mark Windham, who presided over the trial, will hand down the sentence from the bench.

The trial took place six years after Durst’s apparent confession aired in the HBO television documentary series “The Jinx,” in which Durst was caught live by a microphone in the bathroom thinking, “Qu did I do? … Killed all of them, of course. “

Senior prosecutor John Lewin, who had sued Durst for years, credited “The Jinx” filmmakers Andrew Jarecki and Marc Smerling for their eye-opening interviews, which helped litigate against Durst.

Durst was only on trial for Berman’s murder in California, but prosecutors argued he murdered three people: his missing wife, Berman and a neighbor in Texas who discovered his identity when Durst was in hiding from the law.

Although he has long been a suspect in the disappearance of his wife, a 29-year-old medical student, Durst has never been charged.

The McCormack family urged prosecutors in Westchester County, New York, to prosecute Durst for his murder.

Westchester County District Attorney Mimi Rocah reopened the case in May, shortly after taking office.

Durst, a cancer survivor who uses a wheelchair, testified for 15 days during the trial, nine of which were under cross-examination. He claimed to have discovered Berman’s body when he went to visit him but did not call the police.

The prosecution also looked into the 2001 death and dismemberment of Morris Black, who was Durst’s neighbor in Galveston, Texas. A Galveston jury acquitted Durst of the murder, although Durst admitted he cut up Black’s body and dumped it in Galveston Bay.

Durst said Black fired a gun at him and was accidentally shot when the two fought over the gun.

With Black, as with Berman, Durst testified that he first tried calling the 911 emergency number, but then decided not to, fearing that no one would believe he did. was not guilty.

Durst is the grandson of the founder of The Durst Organization, one of New York’s leading real estate companies. He long ago left the company, which developed some of Manhattan’s iconic skyscrapers.

Reporting by Daniel Trotta; edited by Jonathan Oatis

Our Standards: Thomson Reuters Trust Principles.


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Cabinet: no objection if the heir to the throne contracts a same-sex marriage https://cleversplitter.com/cabinet-no-objection-if-the-heir-to-the-throne-contracts-a-same-sex-marriage/ https://cleversplitter.com/cabinet-no-objection-if-the-heir-to-the-throne-contracts-a-same-sex-marriage/#respond Tue, 12 Oct 2021 18:03:00 +0000 https://cleversplitter.com/cabinet-no-objection-if-the-heir-to-the-throne-contracts-a-same-sex-marriage/ The Cabinet sees nothing reprehensible in the event that an heir to the throne wishes to marry a person of the same sex, Prime Minister Mark Rutte said on Tuesday in response to parliamentary questions. He also does not want to take a position on the order of succession to the throne if children are […]]]>

The Cabinet sees nothing reprehensible in the event that an heir to the throne wishes to marry a person of the same sex, Prime Minister Mark Rutte said on Tuesday in response to parliamentary questions. He also does not want to take a position on the order of succession to the throne if children are born from same-sex marriage.

“The Cabinet believes that the heir can also marry a person of the same sex, and sees no obstacle in a law allowing an heir to marry a person of the same sex. Therefore, the Cabinet does not believe that an heir presumptive, or a monarch, should have to relinquish the throne if he wishes to marry a same-sex partner, ”Rutte wrote.

It will be up to a future Cabinet and the Houses of Parliament to soon consider the “legal status” of heirs to the throne when examining children born in same-sex marriage. Rutte said there is currently no need to speculate on such a situation regarding the estate, as the facts and circumstances of such a specific case “may also change over time.”

Wim Kok was prime minister in 2000 when he answered parliamentary questions to say that members of the royal family who want to ascend the throne are not allowed to marry a person of the same sex. This is not possible for them because of the royal line, Kok said at the time. This was just before the Netherlands legally allowed civil marriage with people of the same sex. The first marriages between women and between men were celebrated on April 1, 2001 in Amsterdam. The Netherlands was the first country in the world to allow same-sex marriages.

The last parliamentary questions were asked in response to a book on Princess Amalia, who will turn 18 later this year, in which a hypothesis was presented suggesting that she might have to relinquish the throne if she wanted to marry a woman.


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Bank heir Timothy Mellon’s net worth and political gifts https://cleversplitter.com/bank-heir-timothy-mellons-net-worth-and-political-gifts/ https://cleversplitter.com/bank-heir-timothy-mellons-net-worth-and-political-gifts/#respond Thu, 07 Oct 2021 13:47:11 +0000 https://cleversplitter.com/bank-heir-timothy-mellons-net-worth-and-political-gifts/ Among the earliest members of American royalty, bearing wealthy surnames like Rockefeller, Carnegie, and Ford, the Mellon family is probably one of the best known. Timothy Mellon, a descendant of entrepreneur and Treasury Secretary Andrew Mellon, has been on the big political donation lists. Having donated tens of millions of dollars to various campaigns and […]]]>

Among the earliest members of American royalty, bearing wealthy surnames like Rockefeller, Carnegie, and Ford, the Mellon family is probably one of the best known. Timothy Mellon, a descendant of entrepreneur and Treasury Secretary Andrew Mellon, has been on the big political donation lists.

Having donated tens of millions of dollars to various campaigns and legislative causes, Mellon’s net worth is clearly substantial. How did Mellon earn his money and how much is it worth today?

Donations from Timothy Mellon

Mellon is the 79-year-old grandson of Andrew Mellon. He has made impressive donations to several campaigns and political causes, most notably the Texas Border Wall.

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According to Texas Tribune, Mellon paid $ 1.5 million in 2010 to defend Arizona’s legislation allowing police to determine the status of suspected illegal immigrants. This law met with challenges all the way to the Supreme Court and eventually most of it was dropped.

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Mellon was also a major donor to Donald Trump’s 2020 re-election campaign. He gave $ 20 million to America First Action, the main super PAC on Trump’s side. He donated $ 30 million to the Senate Leadership Fund, a cause to elect Republican senators, in 2020.

He also made donations to Democratic candidates, including Alexandria Ocasio-Cortez for her 2018 Senate campaign and U.S. Representative Tulsi Gabbard for her 2020 presidential bid.

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Recently, and perhaps most notably, Mellon donated most of the campaign funding to Texas Governor Greg Abbott to build a border wall between Texas and Mexico. During Trump’s tenure, Congress couldn’t agree on federal funding for a border wall.

The Texas Tribune reported that the fundraiser had raised just $ 1.25 million as of mid-August. Then Mellon stepped in with a contribution of $ 53.1 million, according to public records. That puts its share of the fundraising campaign at around 98 percent.

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President Trump and Governor Abbott

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Wyoming bank heir donated 98% of private funds for Abbott Texas border wall https://cleversplitter.com/wyoming-bank-heir-donated-98-of-private-funds-for-abbott-texas-border-wall/ https://cleversplitter.com/wyoming-bank-heir-donated-98-of-private-funds-for-abbott-texas-border-wall/#respond Thu, 07 Oct 2021 11:03:45 +0000 https://cleversplitter.com/wyoming-bank-heir-donated-98-of-private-funds-for-abbott-texas-border-wall/ Texas Governor Greg Abbott (R) ‘s solicitation for private funds for a state-built barrier along the Mexican border brought in $ 54 million, but $ 53.1 million came from donor Timothy Mellon , a billionaire from Wyoming and grandson of the late bank mogul André Mellon, The Texas Tribune reports. Before Mellon’s donations, Abbott’s private […]]]>

Texas Governor Greg Abbott (R) ‘s solicitation for private funds for a state-built barrier along the Mexican border brought in $ 54 million, but $ 53.1 million came from donor Timothy Mellon , a billionaire from Wyoming and grandson of the late bank mogul André Mellon, The Texas Tribune reports.

Before Mellon’s donations, Abbott’s private fundraising campaign had stagnated at around $ 1.25 million by mid-August, two months after its launch – a drop in the bucket for a project whose the price is estimated at billions of dollars, ”he added. Tribune reports. Then Mellon’s money poured in within days at the end of August, and “donations have stalled again since.” Mellon made his contribution in shares, not cash, which means he will likely receive tax relief from the donation.

Mellon appears to have no connection to Texas, but he donated $ 20 million to America First Action, former President Donald Trump’s super PAC, last year, and has given a lot to others. Republican election fund, the Tribune reports.

Along with Abbott’s crowdfunding, the GOP-led Texas legislature approved nearly $ 3 billion in taxpayer dollars for border security, including $ 750 million earmarked for building border gates. Abbott, facing a primary challenge from his right flank, has focused on the border since March.

The border fence is intended in part to add to Trump’s wall, scrapped by President Biden, but it is also part of a plan to arrest migrants on increased trespassing charges.

“The quickly put in place system of arrests, detentions and releases of migrants has been hampered by missteps since its inception, including inappropriately separated families, violations of due process and a lack of coordination between authorities federal, state and local, ”he added. Tribune reports. Last week, a state judge ordered the release of nearly 250 migrants who were arrested under Abbott’s plan but never charged, and a state prosecutor dismissed the charges on Monday brought against 11 migrants who said state soldiers forced them to walk for 20 minutes to and climb on private property. the fence so they can be stopped for trespassing.

Defense lawyers say this kind of alleged entrapment is not unique. “We have heard reports and several of our clients have said that they were in fact called up the river on private property,” said Kristin Etter, of Texas RioGrande Legal Aid. Tribune. Texas State Police arrested approximately 1,300 migrants for trespassing. Most are released within a month.


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Marcos’ heir announces he will run for President of the Philippines https://cleversplitter.com/marcos-heir-announces-he-will-run-for-president-of-the-philippines/ https://cleversplitter.com/marcos-heir-announces-he-will-run-for-president-of-the-philippines/#respond Tue, 05 Oct 2021 12:27:27 +0000 https://cleversplitter.com/marcos-heir-announces-he-will-run-for-president-of-the-philippines/ Manila – The son and namesake of former Filipino dictator Ferdinand Marcos said on Tuesday he would run in the 2022 presidential election, as the controversial clan seeks the ultimate political revival. Ferdinand “Bongbong” Marcos Jr. – who has championed President Rodrigo Duterte’s controversial war on drugs and supported the death penalty for traffickers – […]]]>

The son and namesake of former Filipino dictator Ferdinand Marcos said on Tuesday he would run in the 2022 presidential election, as the controversial clan seeks the ultimate political revival.

Ferdinand “Bongbong” Marcos Jr. – who has championed President Rodrigo Duterte’s controversial war on drugs and supported the death penalty for traffickers – declared his candidacy in a video posted on Facebook.

“I will bring… unifying leadership to our country,” said the 64-year-old descendant, joining a growing group of suitors seeking to replace Duterte.

“Let us bring the Filipinos to one another in the service of our country, together facing the crisis and the challenges of the future. “

A tilt for the country’s highest office comes after Marcos Jr.’s run for vice-president failed in 2016, which he narrowly lost to Leni Robredo.

The loss of the election was a blow to the Marcos family, who had gone into exile in the United States after the humiliating fall of the Patriarch in 1986.

He and his wife Imelda were accused of massive corruption while in power.

Marcos Jr. was in second place behind Duterte’s daughter Sara in a recent PulseAsia Research poll of voter preference for president, although she denied any plans to run for office.

Great boxer Manny Pacquiao and famous mayor Francisco Domagoso have confirmed they will look for the best position.

If Marcos Jr.’s presidential candidacy is successful, it would crown a remarkable political comeback since a popular uprising toppled his father and driven the family into exile in the United States.

After being allowed to return to the Philippines, family members held a number of prominent political positions.

Marcos Jr. was a senator from 2010 to 2016, and his mother Imelda said she dreamed of seeing him become the leader of the country.

The matriarch herself served three consecutive terms in the Lower House of Representatives before being replaced by her nephew.

Marcos Jr.’s sister, Imee, is a senator.

But the son of a dictator accused of bloody repression and corruption remains one of the most polarizing politicians in the Philippines.

Marcos Jr. tried to defend his father’s regime by citing economic growth and played down human rights violations during that regime.

He also claimed he was too young to take any responsibility, but critics point out that he served as governor of the Marcos family’s home province from 1983 to 1986.

The news of his candidacy for the presidency was quickly condemned by his opponents.

An anti-Marcos coalition described it as “a brazen display of contempt and contempt for the thousands of Filipinos killed, missing, tortured, displaced and raped” by his father’s regime.

The Marcos family sees it as an opportunity to complete their “rehabilitation,” said political scientist Richard Heydarian.

They “calculate that there are a lot of voters who are never in Marcos there again, but there are still more people who want to move forward … from the current crisis, the corruption scandals and the the incompetence they see under the Dutertes, “he said.

Imelda Marcos wants a “moment of historical justification” by appearing once again on the balcony of the presidential palace in Malacanang, Heydarian added.

Duterte is an ally of the Marcos family, and his election victory in 2016 gave them a boost.

His government gave the remains of the ex-dictator the burial of a hero and publicly launched the idea of ​​ending the hunt for his hidden wealth.

Analysts are predicting a possible Marcos Jr.-Sara Duterte alliance for the 2022 election, which they say would be a formidable combination.

The Philippines election season kicked off on Friday as celebrities and political representatives flocked to the electoral commission offices to submit their candidacies.

In a time of both disinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us tell the story right.

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The Oscar Mayer heir who donated his fortune to fight inequality explains why South Dakota has become America’s $ 360 billion secret tax haven and how he exposes the United States as the “weak link” in the world https://cleversplitter.com/the-oscar-mayer-heir-who-donated-his-fortune-to-fight-inequality-explains-why-south-dakota-has-become-americas-360-billion-secret-tax-haven-and-how-he-exposes-the-united-states-as-the-weak-link-i/ https://cleversplitter.com/the-oscar-mayer-heir-who-donated-his-fortune-to-fight-inequality-explains-why-south-dakota-has-become-americas-360-billion-secret-tax-haven-and-how-he-exposes-the-united-states-as-the-weak-link-i/#respond Mon, 04 Oct 2021 18:45:00 +0000 The State Capitol building in downtown Pierre, in central South Dakota. Photo by: Education Images / Universal Images Group via Getty Images A mine of nearly 12 million financial documents has revealed how some of the world’s richest people are hiding money abroad. The Pandora Papers, uncovered by the ICIJ, show trusts around the world, […]]]>
The State Capitol building in downtown Pierre, in central South Dakota.

  • A mine of nearly 12 million financial documents has revealed how some of the world’s richest people are hiding money abroad.
  • The Pandora Papers, uncovered by the ICIJ, show trusts around the world, including South Dakota.
  • One of them is on land, inside the United States: South Dakota is where the powerful store billions of assets.
  • See more stories on the Insider business page.

An explosive report from the International Consortium of Investigative Journalists found that some of the richest and most powerful people in the world rack up billions in offshore accounts – including the mainland state of South Dakota.

Chuck Collins has known this is a problem for years. Once heir to Oscar Mayer’s smoked sausage fortune, he learned firsthand how the wealthy clung to their fortunes and gave their own. Today, he’s the director of the Inequalities and the Common Good program at the Institute for Policy Studies, where he looks at how the ultra-rich dodge taxes in America.

In March, he told Insider that Americans generally don’t understand that “we are now a tax haven.” The United States is the second-largest destination for the “kleptocratic capital of the world,” he said, much of which ends up in places like Delaware and Wyoming – and South Dakota.

The ICIJ confirmed Collins’ research, finding that over the past decade, the amount of customer assets in South Dakota has “more than quadrupled” to $ 360 billion. The ICIJ has reviewed nearly 12 million financial records that detail more than 29,000 offshore accounts, with hundreds of reporters around the world looking into them, in partnership with outlets such as the Washington Post and the Guardian. The leak is called the Pandora Papers, following similar leaks called the Panama Papers and Paradise Papers.

A total of 17 US states are in the top 20 jurisdictions that “have the most liberal trust laws” in the world, according to an article by Hebrew University law professor Adam Hofri-Winogradow, which was cited by the ICIJ. The ICIJ found 81 trusts in South Dakota alone.

The Great Plains State changed its laws in the 1980s to become more favorable to these type of trusts, according to Collins, who recently wrote “The Wealth Hoarders,” a deep dive into the growth of what he calls ” the wealth defense industry “. It’s the growing system of attorneys, family offices and more that help high net worth clients avoid tax and retain their wealth – and it has exploded in recent decades.

Chuck collins
Chuck Collins.

In 1983, South Dakota got rid of its rule against perpetuities – what Collins calls an “obscure legal thing” which effectively means that when you put money into a trust, it must be dissolved at some point. given.

“At this point there is often a taxable moment,” Collins said. It could be something like inheritance tax or gift tax, but “South Dakota has said, ‘We’re going to attract trusts by eliminating this law, making them anonymous, allowing that you can open a trust and not actually have to live in the state. ‘”

This means that if you put money in a trust in South Dakota, “you are essentially sequestering money out of the reach of tax authorities in perpetuity,” according to Collins. Perpetuity is another word forever.

If you live in South Dakota, you might be wondering where all that money is hiding. Collins said it’s probably not physically in the state. Instead, it can be parked in luxury real estate or art around the world. Only the trust itself needs to be legally filed in South Dakota.

“We are emerging from a pandemic where essentially the wealthiest people on the planet have figured out how to sequester their wealth and avoid taxes,” Collins said.

Collins has several suggestions for reform, including federal legislation that can prevail over states when they reject rules against perpetuities, as South Dakota has done; require trusts to be registered and disclose their owners; a wealth tax of 1% on interest on assets. President Joe Biden has backed a key senator’s tax proposal for the assets of the richest, but in other ways Democrats have so far left many tax loopholes untouched.

One thing is extremely clear to Collins, and it should frighten all Americans. “The world is going to look at us differently after the Pandora Papers. They are going to see that the United States is now the weak link in the global financial transparency system.”


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This small French town was a refuge for the heir to the English throne until death https://cleversplitter.com/this-small-french-town-was-a-refuge-for-the-heir-to-the-english-throne-until-death/ https://cleversplitter.com/this-small-french-town-was-a-refuge-for-the-heir-to-the-english-throne-until-death/#respond Sat, 02 Oct 2021 06:02:08 +0000 https://cleversplitter.com/this-small-french-town-was-a-refuge-for-the-heir-to-the-english-throne-until-death/ Henri Court-Mantel, so called in French because of the short clothes he wore, was the eldest son of Henry II of England and Eleanor of Aquitaine, at a time when the English monarch ruled over a great part of southwestern France. In English he was called Henry the Young King, as he was crowned during […]]]>

Henri Court-Mantel, so called in French because of the short clothes he wore, was the eldest son of Henry II of England and Eleanor of Aquitaine, at a time when the English monarch ruled over a great part of southwestern France. In English he was called Henry the Young King, as he was crowned during his father’s reign, but he was never allowed to reign.

He fell out with his father and started a rebellion against him and his brother, Richard the Lionheart.

The official guide of the city of Martel, Brigitte Vidieu, says that his fall occurred when he vandalized and looted the Rocamadour sanctuary:

“It was out of revenge against his father, for Henry II had made pilgrimages there and given precious treasures. When Henri Court-Mantel left, legend has it that the bell rang, a sign from God. The rebellious son fell ill and took refuge in Martel.

They say he asked for forgiveness. His father sent a messenger with his forgiveness, who found him lying on a bed of ashes as a penance with a heavy wooden cross on his chest.

He died on June 11, 1183 at the age of 28 at Maison Fabri. There is a commemorative plaque on the house and a leopard crawling the English coat of arms atop its tower.

Martel is called the city of seven towers, although there are more of them than that: “In the Middle Ages, Martel was ruled by the viscounty of Turenne. She was rich because she was on an important trade route for salt. The precious commodity was brought up by the Dordogne of the Atlantic to the port of Souillac, then transported to Martel.

“In the 13th century, wealthy merchants built towers as a sign of their newfound wealth. One day, the Vicomte de Turenne visited the city and, impressed by the towers, named seven after each of his children.

In the 17th century, Mme Vidieu says that there were fewer traders, because they had encouraged their children to pursue other professional careers, such as law, which gave them a better place in society, but less wealth, and Souillac began to sell as an import salt as well.

The tourist train on an old truffle route | Photo: Droniéguy / Dordogne Valley By MilaCroftc

It was still a region rich in truffles and when the train arrived in the 19th century, Martel once again benefited from a flourishing trade since it could now sell its “black diamonds” throughout France: “It happened. ended with the First World War when the inhabitants did not have time to take care of their truffle fields. In the 1980s an experimental truffle station was established nearby and now this precious local culture is successfully exploited again.

Another culture, which is also coming back in fashion, lavender:

“At the start of the 20th century, lavender, which grows readily in this region, was in great demand by the developing soap industry. Martel was atypical because in the 1920s it had its own distillery and was the local capital of lavender.

With the industrialization of soap, demand has faded, but this year Martel celebrated its third lavender festival and more and more producers are settling in the region.

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