Monday, January 17, 2011

Former Banker Releases Data to WikiLeaks


A former Swiss banker, Rudolph Elmer, reportedly gave WikiLeaks two CDs that contained "account details on more than 2,000 high-profile politicians, celebrities, crime bosses and multinationals suspected of tax evasion." With the help of financial media outlets and nongovernmental organizations, WikiLeaks founder Julian Assange plans to analyze the information and publish the data "in a matter of weeks."

The former banker was fired back in December 2002 after he raised concerns that Swiss bank Julius Baer was helping clients with tax evasion. Found to have violated Swiss banking secrecy, Rudolph Elmer was sentenced to thirty days in jail. He, however, stands by his actions and states, "I do think as a banker I have the right to stand up if something is wrong."

What do you guys think? Does Elmer have the right to release the account information to WikiLeaks? Was what he did a violation of privacy? Or was he right in acting on his conscience?

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