Wegelin To Pay $58M For Helping US Tax Cheats
Wegelin pled guilty in January to helping U.S.-based clients hide $1.5 billion in assets. U.S. District Judge Jed S. Rakoff imposed the bank's sentence at a hearing in Manhattan.
No foreign bank had been indicted, pled guilty or been sentenced before the Wegelin prosecution, according to prosecutors. The bank, Switzerland's oldest...
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