Fool's gold? Peter Schiff's bank under investigation in tax evasion probe

Cointelegraph

Published Oct 18, 2020 11:09AM ET

Updated Oct 18, 2020 12:40PM ET

This morning, millionaire broker and noted Bitcoin skeptic Peter Schiff awoke to find his bank under renewed scrutiny due to an international criminal investigation.

According to reporting from Australian newspaper The Age and The New York Times, the J5 -- a joint task force of tax authorities from major Western governments convened in the wake of the bombshell publication of the Panama Papers -- have placed “hundreds” of accounts at Schiff’s Puerto Rico-based Euro Pacific Bank under investigation for tax evasion and other financial crimes.

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