Peter Schiff is an American stock broker, CEO of Euro Pacific Capital, a broker-dealer based in Westport, Connecticut, and he runs various other financial services companies and institutions, such as Euro Pacific Asset Management, Schiff Gold, and Euro Pacific Bank in Puerto Rico. Schiff has been an online punching bag for the crypto industry for years thanks to his hot takes on Bitcoin over the years, like calling Satoshi Nakamoto "modern-day alchemist" and describing bitcoin itself as "gambling", "a fraud", and "modern-day tulip mania". He even went as far as suggesting that Bitcoin's blockchain could be hacked. But this week, Shiff's own Euro Pacific Bank is reportedly under investigation by the tax authorities of the U.K., U.S., Australia, Canada, and Netherlands (the "Joint Five"), who kicked off a major global tax evasion investigation dubbed “Operation Atlantis” to investigate bombshell reports from credible sources accusing hundreds of the offshore companies of tax evasion, money laundering, and other financial crimes. Sources include the Panama Papers, Offshore Leaks, Bahamas Leaks and Paradise Papers. Schiff may have facilitated tax evasion for hundreds of high-risk clients, and his Euro Pacific back has been under investigation since January of this year. Some of his clients reportedly include Simon Anquetil, the man behind major Australian tax fraud Plutus Payroll, and Australian entrepreneur and film financier Darby Angel, who has previously been convicted for drug trafficking. “People can be investigated for all sorts of reasons, so it doesn’t mean they did anything wrong,” Schiff said in a fiery interview with 60 Minutes Australia after walking out on the interview. “I’m not allowed to discuss it,” he said. John Ogilvie, a former IT director of Euro Pacific Bank from 2014 to 2016, says security was a big issue during his tenure at the bank. Multiple computers were hacked and they were even extorted for a ransom by Russians for 1000 bitcoin, worth millions of dollars, threatening to expose their clients' identities on the dark web. In fairness, being a victim of extortion as your first introduction to bitcoin would probably turn most people into bitcoin skeptics too.