Swiss lawyer uses $500,000 painting for bail in US tax fraud case

“Tax lawyer Edgar Paltzer used French master Charles-Francois Daubigny’s 1862 work ‘La gardeuse de chevres’ (The goat herder) to pay part of his $2-million bail in New York, where he has been detained since April on tax fraud charges.  ‘To escape from the claws of American justice and see their families, some Swiss bankers remortgage their homes or seek help from relatives,’ Swiss newspaper Le Matin reported.  ‘Zurich lawyer Edgar Paltzer provided a 19th century canvas.’  The bail conditions allow the lawyer to leave the United States and return to Switzerland as long as he agrees not to fight any future extradition order.”

http://www.thelocal.ch/20130825/swiss-lawyer-uses-art-for-bail-in-fraud-case

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