Here’s what AFP reported, foreshadowing the scandals that some say could lead to the impeachment of the president:
Both supporters and opponents of President Obama are concerned about negative political repercussions likely to arise from an ongoing high-level criminal investigation.
It is not widely known that the Obama administration's attorney general, Eric Holder, has upset some powerful people by launching a federal grand jury inquiry into wealthy Americans who have, according to a June 19 report from CNBC, "hidden money in Israel, many for generations" in violation of U.S. tax laws.
Two of Israel's biggest banks -- Bank Leumi and Bank Hapoalim --are reportedly central to the inquiry and note that in 2008 the Israeli government's controlling interest in Leumi was purchased by Cerberus, the Wall Street syndicate run by Stephen Feinberg, described by Israel's Ha'aretz as "a New York Jew with a golden touch."
Since AFP first focused on that little-noticed grand jury -- predicting trouble for Obama and Holder as a consequence of this inquiry -- the IRS-Justice Department investigation actually escalated.
On Sept. 19, 2012 the internet-based Tax Times reported another Israeli bank, Mizrahi-Tefahot, was now on the list of financial institutions under scrutiny by Holder and the IRS.
Earlier, on June 20, Forbes.com assessed the situation, pointing out that "U.S. citizens with accounts in Israel may feel a little less secure," since, Forbes noted, "the Justice Department and IRS announced the indictment of three Israeli-American tax preparers charged with helping Americans hide money in Israeli banks."
Charged were a father and son who had dual citizenship in Israel and the United States, along with an Israeli citizen living in the U.S.
In fact, according to prominent New York tax attorney Asher Rubinstein: "Many American Jews maintain bank accounts in Israel for various reasons." But while such accounts are legal, problems arise if those accounts are used to avoid U.S. taxes.
On April 12, the Justice Department announced a Jewish woman in California, Guity Kashfi, had pleaded guilty on criminal charges in relation to her Israeli accounts, this on the heels of another Justice prosecution of a Jewish man in California, Zvi Sperling, for maintaining a secret Israeli account.
On May 19, The Jerusalem Post reported "a Tel Aviv-based banker with United Mizrahi Bank pleaded guilty to setting up secret bank accounts in Israel that, prosecutors say, helped charitable contributors to an orthodox Jewish group evade US taxes."
A Jewish rabbi in New York, Moshe E. Zigeman, also plead guilty to his part in the scheme which the Justice Department claimed defrauded the U.S. government out of millions in taxes.
In the wake of all of this, a vocal congressional voice for Israel, Rep. Sander Levin (D-Mich), issued a sharply-worded letter to the IRS demanding to know if pro-Israel groups had been targeted by the IRS along with the tea party.
In fact, according the May 19 issue of the influential Jewish newspaper The Jewish Press: "Pro-Israel groups were targeted."
All of this -- at a time when the president seems disinclined to attack Iran or invade Syria (projects of special concern to Israel) -- might explain why the big media (largely controlled by families and financial groups that are firm supporters of Israel) has begun savaging the president, his attorney general and the IRS.
Big Secret Behind IRS Scandal