Switzerland - The president of the Thieving Hypocritical Idiots Embezzlement & Fraud Association has hung up his boots in the wake of the latest corruption scam.
Jeb Splatter, 69, was ousted from the world racketeering body despite having been re-elected in a slam dunk vote.
The announcement comes as THIEFA directors demand greater obscurity in the Association's business which they fear has been damaged by excessive transparency.
Including see-thru 'brown envelopes' and baksheesh accounts.
Splatter's replacement is likely to hail from proven racketeering backgrounds including members of the Bush, Clinton and Obama families out on the lam.
Commenting on this evening's shock announcement a THIEFA spokesperson said, "We'll never see the likes of Jeb again," as FBI investigators prepared to pounce on the organization's funds in hush-hush Caribbean offshore tax havens.
Former Enron, Worldcom and Lemon Brothers executives are all in the frame.
