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Geneva Freeport
Geneva Freeport () is a warehouse complex in Geneva, Switzerland, for the storage of art and other valuables and collectibles. It is the oldest and largest freeport facility, and the one with the most artworks, with 40% of its collection being art with an estimated value of US$100 billion.Bonnett, Andrew (2014). ''Off the Map: Lost Spaces, Invisible Cities, Forgotten Islands, Feral Places, and what They Tell Us About the World''. Islington, London: Arum Press Ltd. pp:161-165 . The freeport became the preferred storage facility for international elite due to the opacity of Switzerland's storage and customs laws but has since come under scrutiny for its complicity in looted antiquities trade and money laundering schemes. The facility's holdings, especially those possibly related to tax avoidance, have been subject to increasingly greater scrutiny since the release of the Panama Papers in 2016. Recent laws passed in Switzerland have aimed at increasing the transparency of the freepor ...
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Geneva
Geneva ( ; french: Genève ) frp, Genèva ; german: link=no, Genf ; it, Ginevra ; rm, Genevra is the second-most populous city in Switzerland (after Zürich) and the most populous city of Romandy, the French-speaking part of Switzerland. Situated in the south west of the country, where the Rhône exits Lake Geneva, it is the capital of the Republic and Canton of Geneva. The city of Geneva () had a population 201,818 in 2019 (Jan. estimate) within its small municipal territory of , but the Canton of Geneva (the city and its closest Swiss suburbs and exurbs) had a population of 499,480 (Jan. 2019 estimate) over , and together with the suburbs and exurbs located in the canton of Vaud and in the French departments of Ain and Haute-Savoie the cross-border Geneva metropolitan area as officially defined by Eurostat, which extends over ,As of 2020, the Eurostat-defined Functional Urban Area of Geneva was made up of 93 Swiss communes and 158 French communesFederal Statistical O ...
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Pompeii
Pompeii (, ) was an ancient city located in what is now the ''comune'' of Pompei near Naples in the Campania region of Italy. Pompeii, along with Herculaneum and many villas in the surrounding area (e.g. at Boscoreale, Stabiae), was buried under of volcanic ash and pumice in the Eruption of Mount Vesuvius in 79 AD. Largely preserved under the ash, the excavated city offered a unique snapshot of Roman life, frozen at the moment it was buried, although much of the detailed evidence of the everyday life of its inhabitants was lost in the excavations. It was a wealthy town, with a population of ca. 11,000 in AD 79, enjoying many fine public buildings and luxurious private houses with lavish decorations, furnishings and works of art which were the main attractions for the early excavators. Organic remains, including wooden objects and human bodies, were interred in the ash. Over time, they decayed, leaving voids that archaeologists found could be used as moulds to make plast ...
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Eli Broad
Eli Broad ( ; June 6, 1933April 30, 2021) was an American businessman and philanthropist. In June 2019, '' Forbes'' ranked him as the 233rd-wealthiest person in the world and the 78th-wealthiest in the United States, with an estimated net worth of $6.7 billion. He was known for his philanthropic commitment to public K–12 education, scientific and medical research, and the visual and performing arts. Early life Broad was born on June 6, 1933, in the Bronx, New York City, the son of Rebecca (Jacobson) and Leo Broad, Lithuanian Jewish immigrants who met in New York. His father worked as a house painter, and his mother as a dressmaker. His family moved to Detroit, Michigan, when he was six years old. In Detroit, his father was a union organizer and owned five-and-dime stores. Broad attended Detroit Public Schools and graduated from Detroit Central High School in 1951. Broad attended Michigan State University, majoring in accounting with a minor in economics and graduat ...
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UNESCO Convention On The Means Of Prohibiting And Preventing The Illicit Import, Export And Transfer Of Ownership Of Cultural Property
The UNESCO 1970 Convention on the Means of Prohibiting and Preventing the Illicit Import, Export and Transfer of Ownership of Cultural Property is an international treaty. The treaty, signed to combat the illegal trade in cultural items, was signed on 14 November 1970, and came into effect on 24 April 1972. , 142 states have ratified the treaty. History Before the 1970 UNESCO convention, the illegal trade of antique objects and cultural items was prevalent among the trade of drugs and weapons. Therefore, several sovereign states set about to preserve important historical and culturally significant objects. These actions were a prelude to UNESCO's wide-scale attempt on the manners of preserving cultural objects. The conception of the treaty began in April 1964, when UNESCO appointed a Committee of Experts from thirty states in April 1964. In 1968, UNESCO adopted ''Resolution 3.334'', authorizing the creation of a committee to draft a convention. The UNESCO Director-General appoi ...
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European Parliament
The European Parliament (EP) is one of the legislative bodies of the European Union and one of its seven institutions. Together with the Council of the European Union (known as the Council and informally as the Council of Ministers), it adopts European legislation, following a proposal by the European Commission. The Parliament is composed of 705 members (MEPs). It represents the second-largest democratic electorate in the world (after the Parliament of India), with an electorate of 375 million eligible voters in 2009. Since 1979, the Parliament has been directly elected every five years by the citizens of the European Union through universal suffrage. Voter turnout in parliamentary elections decreased each time after 1979 until 2019, when voter turnout increased by eight percentage points, and rose above 50% for the first time since 1994. The voting age is 18 in all EU member states except for Malta and Austria, where it is 16, and Greece, where it is 17. Al ...
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The Bouvier Affair
The Bouvier Affair was a number of international lawsuits that started in 2015, and subsequent events. The lawsuits allege that Swiss art shipper and dealer Yves Bouvier defrauded his clients by misrepresenting the original cost of art works and subsequently overcharging them. The affair has played out in courts in Monaco, Switzerland, France, the US, Hong Kong and Singapore. The alleged victims are "high net worth individuals" in the UK, the US, Asia and Europe, most notably Monaco-based Russian oligarch Dmitry Rybolovlev. , Bouvier was facing criminal charges in France, Monaco and also in Switzerland after the Geneva Prosecutor opened a new case there. Background Prior fraud allegations Before 2015, Bouvier was primarily known in the market as an art transporter and curator through his company, Natural Le Coultre, and as a major shareholder and promoter of the freeport concept. Lorette Shefner In 2008, Bouvier became embroiled in a legal case involving Lorette Sh ...
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European Commission
The European Commission (EC) is the executive of the European Union (EU). It operates as a cabinet government, with 27 members of the Commission (informally known as "Commissioners") headed by a President. It includes an administrative body of about 32,000 European civil servants. The Commission is divided into departments known as Directorates-General (DGs) that can be likened to departments or ministries each headed by a Director-General who is responsible to a Commissioner. There is one member per member state, but members are bound by their oath of office to represent the general interest of the EU as a whole rather than their home state. The Commission President (currently Ursula von der Leyen) is proposed by the European Council (the 27 heads of state/governments) and elected by the European Parliament. The Council of the European Union then nominates the other members of the Commission in agreement with the nominated President, and the 27 members as a team are ...
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Jho Low
Low Taek Jho (, born 4 November 1981), often called Jho Low, is a Malaysian fugitive businessman, wanted by authorities internationally in connection with the 1Malaysia Development Berhad scandal (1MDB scandal). He has been named the mastermind of the massive fraud, which prosecutors allege was a scheme to siphon US$4.5 billion from 1MDB into Low's personal accounts. He is the beneficiary of numerous discretionary trust assets said by the US government to originate from payments out of the Malaysian 1MDB fund. Low has stated that he "will not submit to any jurisdiction where guilt has been predetermined by politics and where there is no independent legal process", maintaining his innocence throughout the 1MDB scandal. He contends that Malaysian authorities are engaging in a campaign of harassment and political persecution due to his prior support of former Prime Minister Najib Razak, whose part in the 1MDB scandal had led to Najib being convicted on seven counts of abuse o ...
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1Malaysia Development Berhad Scandal
The 1Malaysia Development Berhad scandal, often referred to as the 1MDB scandal or just 1MDB, describes a corruption, bribery and money laundering conspiracy in which the Malaysian sovereign wealth fund 1Malaysia Development Berhad (1MDB) was systematically embezzled, with assets diverted globally by the perpetrators of the scheme. International in scope, it implicated political, banking and entertainment figures and institutions and led to criminal investigations in several countries. The 1MDB scandal has been described as "one of the world's greatest financial scandals" and declared by the United States Department of Justice as the "largest kleptocracy case to date" in 2016. In 2015, a document leak reported in ''The Edge'', ''Sarawak Report'', and ''The Wall Street Journal'' showed that Malaysia's then-Prime Minister Najib Razak had channeled over RM  (approximately US$) into his personal bank accounts from 1MDB, a government-run strategic development company. The al ...
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Malaysia
Malaysia ( ; ) is a country in Southeast Asia. The federation, federal constitutional monarchy consists of States and federal territories of Malaysia, thirteen states and three federal territories, separated by the South China Sea into two regions: Peninsular Malaysia and Borneo's East Malaysia. Peninsular Malaysia shares a land and maritime Malaysia–Thailand border, border with Thailand and Maritime boundary, maritime borders with Singapore, Vietnam, and Indonesia. East Malaysia shares land and maritime borders with Brunei and Indonesia, and a maritime border with the Philippines and Vietnam. Kuala Lumpur is the national capital, the country's largest city, and the seat of the Parliament of Malaysia, legislative branch of the Government of Malaysia, federal government. The nearby Planned community#Planned capitals, planned capital of Putrajaya is the administrative capital, which represents the seat of both the Government of Malaysia#Executive, executive branch (the Cabine ...
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Nazi Germany
Nazi Germany (lit. "National Socialist State"), ' (lit. "Nazi State") for short; also ' (lit. "National Socialist Germany") (officially known as the German Reich from 1933 until 1943, and the Greater German Reich from 1943 to 1945) was the German Reich, German state between 1933 and 1945, when Adolf Hitler and the Nazi Party controlled the country, transforming it into a dictatorship. Under Hitler's rule, Germany quickly became a totalitarian state where nearly all aspects of life were controlled by the government. The Third Reich, meaning "Third Realm" or "Third Empire", alluded to the Nazi claim that Nazi Germany was the successor to the earlier Holy Roman Empire (800–1806) and German Empire (1871–1918). The Third Reich, which Hitler and the Nazis referred to as the Thousand-Year Reich, ended in May 1945 after just 12 years when the Allies of World War II, Allies defeated Germany, End of World War II in Europe, ending World War II in Europe. On 30 January 1933, H ...
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Seated Man With A Cane
''Seated Man with a Cane'' is a 1918 oil on canvas painting by the Italian artist Amedeo Modigliani. The painting has been the subject of a complex ownership dispute since 1946. Ownership history Early sales The painting was purchased by the International Art Center (IAC) at a 1996 Christie's auction in London for £2 million. In 2008, the painting was put up for auction by Sotheby's in New York, but no bids were made. Stettiner claim Philippe Maestracci claims ownership of the painting through inheritance through his grandfather. According to Maestracci, the painting was taken from his grandfather, Jewish Parisian art dealer Oscar Stettiner, by the Nazis during the German occupation of France. In 1939, Oscar Stettiner left the painting behind in France ahead of the German occupation. The Nazis took administration over the painting in 1941 and auctioned it off in 1944. In 1946, Oscar Stettiner filed a claim to recover the painting, but the French authorities were ultimately unab ...
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