Swiss Asset Manager Indicted In Tax Evasion Sweep

Law360, Los Angeles (February 6, 2014, 8:45 PM EST) -- Federal prosecutors in New York said Thursday that they have indicted a Swiss asset manager for his part in a scheme to hide U.S. clients’ income in foreign banks to keep it from the eyes of the Internal Revenue Service in a case that has already taken down an attorney and another banker.

Peter Amrein helped U.S. taxpayers avoid paying up on income in their foreign bank accounts by squirreling the funds away at various banks, according to prosecutors. Amrein is accused of stashing U.S. account...
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