White Collar Crime Blog
02.20.08

Wikileaks is Leaked

by Daniel Doeschner

A federal judge in San Francisco ordered Wikileaks.org to be shut down.  Wikileaks is a forum used to post leaked documents for public analysis in order to discourage unethical behavior by governments or corporations.  You can find an article about it in the New York Times here

While the case implicates freedom of speech and First Amendment issues, I find it amusing that the action was brought by a bank whose disgruntled ex-employee leaked documents revealing the bank's "trust structures used for asset hiding, money laundering and tax evasion."  The bank is Julius Baer Bank and Trust of the Cayman Islands.  I imagine they will have to revise their trust structures now, and will probably try to keep their employees more content. 

You can find a quick tutorial on money laundering here.