The Nestmann Group keeps you up to date on important trends, developments and risks that may affect you. Here’s what’s new…
A new batch of stolen data from an offshore services provider has now been released. Dubbed the “Paradise Papers,” the leak consists of more than 13.4 million documents from Appleby’s, an international law firm based in Bermuda.
Bitcoin continues to set almost daily price records.Yesterday it was selling for $6,953.58/BTC. Indeed, since the beginning of 2017, the price of bitcoin has more than quadrupled.
Millions of Americans in Texas, Florida, and other states affected by Hurricanes Harvey and Irma have had their lives upended by these storms. We extend our thoughts and concerns to all of them.
If you're familiar with the Star Trek spin-off television series, The Next Generation, starring Patrick Stewart, you know about the Borg.
On or around October 2, the US federal government will shut down – again. The actual date could be a bit earlier or later, depending on how the government’s cash flows.
In late May, Senators Charles Grassley, Dianne Feinstein, and Sheldon Whitehouse introduced the Combating Money Laundering...
I just finished a series of meetings with a client, a lawyer who no longer practices law but has shrewdly invested in a series of startups. He’s amassed a multi-million dollar fortune – and a collection of frivolous lawsuits.
One of the realities of modern life is that government control over its citizens has become pervasive. Nowhere is that more true than in our right to travel internationally.
Privacy advocates were aghast when President Trump signed a bill on April 3 that overturned restrictions on data sharing by internet service providers (ISPs).
I might be the only writer on the offshore beat who isn’t in love with Puerto Rico’s tax incentives. Recently, a colleague of mine whom I greatly respect published an entire issue of his newsletter about Puerto Rico.
I will be the first to admit it: I’m a lousy investor. My first forays into the investment markets came in the early 1980s, when I saved up enough money to buy some stocks.
Over the last decade, tens of thousands of visitors to the US – plus US citizens and residents returning home – have been subjected to warrantless border searches of their electronic devices.
2016 was another record-breaking year for the number of US citizens and its long-term residents expatriating, giving up their US citizenship and passport or green card.
Every president inherits something difficult. Some problems are simply out of the incoming president’s hands. Obama inherited a financial crisis.
Supply and demand: it’s Economics 101. Nowhere is it more obvious right now than in the industrial metals sector. When demand for copper is high, the price goes up.
While it wasn’t widely publicized on this side of the pond, a hacker breach last month into Britain’s Tesco Bank sent shockwaves throughout Europe, with the thieves managing to steal £2.5 million pounds (US$3.1 million).
The euro is a disaster. At least that’s the story according to Joseph Stiglitz, the Nobel prize-winning economist. Looking at Europe, it’s not difficult to see what he means.
Stroke of the pen. Law of the Land. Kind of cool. Paul Begala, advisor to President Bill Clinton (1998)
One of the oldest traditions in the American republic is “government by emergency.”
Don’t trust banks to protect the money you’ve deposited? You’re hardly alone.
Donald Trump could be the worst president ever if he follows through on his promises to bust the federal budget and crack down on civil liberties.
A question I’m asked a lot by clients is, “Are markets manipulated?” My answer is always the same: “Of course they are.”
Today is Election Day in the US. As we post this piece, none of us here at Nestmann have any idea who will win the presidential election.
The world’s billionaires are hoarding cash. Why, you ask?
The short answer is market volatility.
“If we all die,” said Dr. Ben Goertzel, lead scientist of Hong Kong hedge fund management firm Aidyia, “it would keep trading.”
In the last few days, gold has been on a losing streak. Last Tuesday, gold prices fell by $42 per ounce – 3.3% – the biggest single-day drop in value in nearly three years.
I just returned from a week in Bermuda, where I was a speaker at The Sovereign Society’s Total Wealth Symposium.
Less than six months ago, the mainstream media had a field day announcing the release of the so-called “Panama Papers.”
A few weeks ago, the IRS published its quarterly “name and shame” list in the Federal Register. That’s the list federal law requires the agency...
If the IRS has its way, cash will be a thing of the past. In its place, every transaction will be digital, every purchase will leave a footprint.
When Barack Obama campaigned for president in 2008, he promised to end the War on Drugs. As a candidate, he suggested the century-long war had been a failure and...