Intl. Notebook Feb 21 2022
CREDIT DUE
Swiss bank receives long deserved exposure thanks to data leak.


We're occasionally asked why we don't do modern true crime write-ups as often as we once did. There are a couple of reasons. We actually have jobs, and the research on crime stories is time consuming. But secondly, modern day swindles, scams, and corruption are out of control to the extent that writing about them seems redundant. But we're making an exception today because one of our previous subjects, who we wrote about way back in 2009, has popped up in the news again. That would be Hisham Talaat Moustafa, who was sentenced to death for hiring out the murder of his ex-girlfriend, Lebanese pop star Suzanne Tamim. His was one of thousands of names just revealed in a massive financial data leak from Credit Suisse, one of the most prestigious banks in Switzerland, which hides money for the richest people in the world.

We think everyone knows Swiss banks are corrupt, right? Their first secrecy laws were adopted in 1713. It's safe to say they've been corrupt for almost that long. Over the years Credit Suisse's clients have included Ferdinand and Imelda Marcos, who stole $10 billion from the Philippine treasury, Romanian dictator Nicolae Ceausescu, Panamanian drug lord and CIA informant Manuel Noriega, thousands of Nazis who were hiding their expropriations, and countless shady shell companies. One can insert the usual objections about taxes here, but the point is that regularpeople must pay them, yet the rich and powerful somehow always manage to avoid their fair share, even when they've generated their loot through illegal or even genocidal means. As with many morally rudderless institutions and people, what Swiss banks do is perfectly legal, but “perfectly legal” is the phrase uttered by people who know they're willfully engaged in behavior that obviously should be illegal—and in fact is illegal for everyone but the rich and connected.

Credit Suisse is trying to pretend that the leak reveals old accounts from before the bank cleaned up its practices (which it never substantially did), but the spin won't be effective because the data reveals that the bank is currently holding money for human traffickers, drug lords, oligarchs, stock cheats, treasury looters, mafia kingpins and—in the case of Hisham Moustafa—murderers. Correction—pardoned murderers, since he was released thanks to presidential decree in 2017. The information on all this corruption was originally passed to the German newspaper Süddeutsche Zeitung via an anonymous whistleblower, and the odds are good that in a matter of weeks or months that currently unknown person will be outed and have to make a full time job of trying to avoid the total destruction of his or her life and a prison sentence—no pardon pending.

Tax and corruption problems have exploded globally as elite greed has grown, the profits from criminality have soared, digital technology has created previously-unheard-of fortunes, offshoring of profits has become standard practice, deregulation and the de-facto dissolving of anti-trust laws have allowed corporations to grow more powerful than countries, and austerity has shrunk or eliminated the enforcement mechanisms of public institutions. In fact, in addition to funneling money from regular people to corporations and the rich, the other point of austerity is to shrink government to prevent it prying into the affairs of corporations and the rich. Libertarians rejoice. Insider trading, commodities fraud, and money laundering are all now rampant, and there's nothing people can do about it because the government institutions meant to be centers of oversight were taken over by the rich decades ago.

Moustafa paid to have his girlfriend knifed to death. Unlike murderers able to hide behind the fig leaf of non-conviction, his guilt was established as a fact during a criminal court proceeding. He was sentenced to hanging but was retried and had his punishment reduced to a mere fifteen years. He spent, in total before his pardon, nine years in a country club prison, and all the while managed his wealth, built up his billions, andcame out of jail not disgraced and shunned, but welcomed, feted, and once again demanding and receiving VIP treatment, the best tables in the best restaurants, and the ear of the global elite. He threw a few coins to charity along the way to spit-shine his reputation, had his thriving conglomerate Talaat Moustafa Group donate some COVID vaccines, but still he's a murderer who wriggled loose from the hangman's noose, and today enjoys every privilege he ever enjoyed—while his victim is dead forever.

This is the place in which we find ourselves. We all understand, if we actually absorb factual information rather than apologist propaganda or fanciful myth, that the rich have fucked up this world, and the rest of us, as well as future generations, are going to pay to clean up the mess. If it can even be cleaned up, which is doubtful. And that's why we stopped writing about modern crime and corruption. It's pointless. It's banal. Writing about old crimes is an escape, a window into history and the mad hearts of men and women who are long, long gone. Writing about current crimes is self-flagellation. We'll still do it on occasion when the urge strikes, like today, but we're well aware that people tend to complain more as time goes by and we don't want to fall into that trap. We want Pulp Intl. to be a place of entertainment and wonder—by which we mean amazing art, exciting fiction, bizarre historical and Hollywood facts, and beautiful women.

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History Rewind
The headlines that mattered yesteryear.
December 02
1954—Joseph McCarthy Disciplined by Senate
In the United States, after standing idly by during years of communist witch hunts in Hollywood and beyond, the U.S. Senate votes 65 to 22 to condemn Joseph McCarthy for conduct bringing the Senate into dishonor and disrepute. The vote ruined McCarthy's career.
December 01
1955—Rosa Parks Sparks Bus Boycott
In the U.S., in Montgomery, Alabama, seamstress Rosa Parks refuses to give her bus seat to a white man and is arrested for violating the city's racial segregation laws, an incident which leads to the Montgomery Bus Boycott. The boycott resulted in a crippling financial deficit for the Montgomery public transit system, because the city's African-American population were the bulk of the system's ridership.
November 30
1936—Crystal Palace Gutted by Fire
In London, the landmark structure Crystal Palace, a 900,000 square foot glass and steel exhibition hall erected in 1851, is destroyed by fire. The Palace had been moved once and fallen into disrepair, and at the time of the fire was not in use. Two water towers survived the blaze, but these were later demolished, leaving no remnants of the original structure.
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