Law360, New York (February 02, 2012, 9:19 PM ET) -- In the first U.S. criminal suit against an overseas bank accused of facilitating tax fraud by American taxpayers, federal prosecutors Thursday in New York accused Switzerland's oldest bank, Wegelin & Co., of conspiring with U.S. taxpayers and others to hide more than $1.2 billion in secret accounts.
Federal prosecutors filed a criminal indictment and a civil forfeiture complaint alleging the private bank and three client advisers previously charged with the same conspiracy — Michael Berlinka, Urs Frei and Roger Keller — were responsible for hiding American-held...
Swiss Bank Aided US Tax Cheats In $1.2B Scheme: Feds
To view the full article, take a free trial now.
