Posted tagged ‘Swiss Bank Post Finance’

Julian Assange: Defense Fund Frozen

December 6, 2010

The Swiss Bank Post Finance has issued a press release this morning stating that they have frozen Juilan Assange’s defense fund and personal assets.

This now leaves Assange with only a few options for raising money for WikiLeaks through a Swiss-Icelandic credit card processing center and accounts that he currently has in Iceland and Germany.

What could happen next?

From the Associated Press:

The swift action by Postfinance, the financial arm of Swiss Post, came after it determined the “Australian citizen provided false information regarding his place of residence during the account opening process.”

Assange had told Postfinance he lived in Geneva but could offer no proof that he was a Swiss resident, a requirement of opening such an account.

Postfinance spokesman Alex Josty told The Associated Press the account was closed Monday afternoon and there would be “no criminal consequences” for misleading authorities.

“That’s his money, he will get his money back,” Josty said. “We just close the account and that’s it.”