John Fogerty
๐ค SpeakerAppearances Over Time
Podcast Appearances
And for all we knew, we were going to be paying 90% income tax, right?
laws are pretty stringent and pretty high.
And so they offered us or basically kind of ushered us into this plan, offshore tax plan, and it would allow us to pay a lot less taxes, probably somewhere between 10 and 20%, something like that.
So it was a huge financial savings for us.
I can tell you that the name of this particular thing was a bank in the Bahamas called Castle Bank.
I mean, the people on our side in the band had it checked out by our people, our own accountant.
The bass player's father was an entertainment lawyer and had a big firm.
They, among other people, represented the Oakland Raiders.
So we thought they were pretty solid.
And they checked it all out and said that it was okay.
But time went on and it seemed to be not legit to the point that somewhere in the 70s, the bank disappeared and all our money in it disappeared.
See, I didn't know any of that.
You didn't know until now?
Oh, I knew that now, or I suspect, yeah.