Monday, May 22, 2006


ZUG in Switzerland; Marc Rich

Zug, pronounced tsoog, is a German speaking Swiss canton. It is rich and has connections to Marc Rich.

Rich, born in 1934 to a Jewish family, has lived in Zug since 1983. He is wanted by the US justice system for having traded with Iran and for tax evasion. (see below)

Margaret Thatcher likes Zug.

Zug has clean air, lakes and Alpine foothills which are rich in flora and fauna.

The lakeside city of Zug is thirty minutes from Zurich or Lucerne. Zug is a rail junction.

The city of Zug is reputed to be the richest in Switzerland. Zug’s taxes are said to be the lowest in Switzerland.


The city of Zug has fancy offices and malls, but also superb examples of medieval and Renaissance buildings, including timber-framed houses with pictures painted on the walls.

Lake Zug

Zug has an attractive lake promenade. You can sail on Zug lake in a steamer. Boats sail from Zug to Walchwil and other lakeside places several times a day.

Zug mountain

If you want to walk, paths lead up, through trees, to the top of the 3,255-foot-high Zugerberg (Zug Mountain). You can also journey up the mountain in a cable car. There is a small hotel on the mountain, with a restaurant on a terrace. The view is of Lake Zug, parts of Lake Lucerne, Mount Pilatus, Mount Rig, the Jungfrau, the Eiger, and the Finsterahorn.


Hotel Zum Ochsen, in the center of the old town, charges around $142 for a room. Parkhotel near the railway station, charges around $193. The Lowen near the lake has rooms from around $88.

We recommended the Parkhotel.

There is a campsite 2km west of town on the lakeshore at Chamer Fussweg 36.


The waterfront square and the adjoining alleys have both cafes and restaurants for the rich and not so rich.

Hecht restaurant , Fischmarkt 2, is a historic lakefront restaurant. You can eat fish from the lake.

Widder restaurant, Landsgemeindeplatz 12, in the Old Town, has terrace seating in summer.

Zug is famous for Kirsch (cherry brandy) and Zuger Kirschtorte, a rich almond tart with Kirsch.

Marc Rich

Reportedly, Marc Rich lives in Zug.

According to an article at :

"Marc Rich the commodity bandit and "spook" was so interwoven with the White House of George Bush The Elder and later, Bill Clinton, you could not hardly tell whether the White House dirty tricks department was in Washington or Zug, Switzerland, one of Rich's outpposts. To escape being prosecuted, Rich did not return from Zug to face the big-time Federal Criminal music in the 1980s. At the time the U.S. Attorney for the Southern District of New York, Rudolph W. Giuliani (later N.Y. city Mayor), wanted to put Rich in jail. A Bush Family confidant, Giuliani nevertheless found out too late that Marc Rich was the American CIA's laundry man and was immune."

Marc Rich, Switzerland and a Sheikh from the United Arab Emirates.

According to '7DAYS', a number of people are involved in an allegedly illegal law suit that has kept a Sheikh’s money frozen in a Swiss bank account.

These people reportedly have connections to Marc Rich.

This a story involving Sheikh Mohammed bin Saqr Al Qassimi. He is reportedly the victim of a conspiracy to defraud him and thousands of others out of millions of dollars they had invested in the global foreign exchange markets.

For 10 years, the Sheikh’s money has been frozen in a bank account in the Swiss canton of Zug.

A company called Creative Finance had its assets frozen by the state prosecutor in Zug.

The Sheikh's company, Al Wafa Broker, had used Creative Finance to carry out foreign exchange transactions.

Around $20 million of Creative Finance’s frozen assets were Al Wafa’s.

The state prosecutor in Zug was unable to find any proof of criminal action by Creative Finance and charges of money laundering and other charges were dropped. The assets remained frozen.

There was a suspicion that certain people in Switzerland, linked to Marc Rich, were responsible for the situation.

Marc Rich is the billionaire commodities trader who fled to Switzerland in 1983 to avoid tax evasion charges in the USA.

The US government apparently tried to extradite Rich from Switzerland, but failed.

One version says that the Swiss wanted to hold on to one of their biggest tax payers.

"Rich was represented in Switzerland by Rudolf Mosimann, the chief prosecutor for canton Zug, who was also a director of Marc Rich AG, as well as thirty three other foreign firms registered in Zug."

Another version is that Rich is well connected to the Clintons, the Bush family, the CIA and Mossad.

In 2001 when Rich was pardoned by President Bill Clinton.

Israel Prime Minister Ehud Barak mentioned Rich’s contributions to Israel’s "national security" in phone calls to Clinton, according to statements from Barak’s spokesman, Gadi Baltiansky.

A letter from former Mossad chief Shabtai Shavit to Clinton confirmed that Rich had given "assistance" to Mossad.

Zug’s former Mayor, Othmar Kamer, reportedly said: "We have six large tax contributors who influence our financial budget. Marc Rich is one of them."

Source for the above:

Rich and Abramoff

According to an article at Lookingglassnews:

Indicted GOP lobbyist Abramoff operated sex, spy ring at Watergate ...

"Special Prosecutor Patrick Fitzgerald’s grand jury heard several agents testify in April that the 'Watergate, Ritz-Carlton and Sheraton Hotels in Washington, DC were used to compromise legislators and news-people with prostitution services, the financing of which is directly linked to the American Israeli Public Affairs Committee (AIPAC), former Israeli Prime Minister Benjamin Netanyahu, Marc Rich and Abramoff,' said national security expert Thomas Heneghan."



Blogger dongfang_xu said...

Zugerberg is 3255 FOOT high?

2:51 AM  

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