Credit Suisse Bankers Charged With $3B Tax Fraud

Law360, New York (February 23, 2011, 4:53 PM EST) -- Four Credit Suisse Group AG bankers were charged Wednesday in federal court in Virginia with conspiring to help U.S. taxpayers hide roughly $3 billion across thousands of unreported accounts.

A grand jury in the U.S. District Court for the Eastern District of Virginia issued the indictment against Marco Parenti Adami, Emanuel Agostoni, Michele Bergantino and Roger Schaerer, all current or former Credit Suisse bankers and managers.

Arrest warrants for the defendants, who are all believed to be in Switzerland, were issued the same day. Prosecutors charged...
To view the full article, register now.