Feds Charge 4 In $3B Credit Suisse Tax Fraud Case

Law360, New York (July 21, 2011, 6:52 PM EDT) -- Federal prosecutors in Virginia on Thursday charged three more former Credit Suisse AG employees, including its former head of offshore banking for North America, with helping U.S.-based clients evade taxes by hiding up to $3 billion in foreign bank accounts.

Markus Walder, Credit Suisse's former head of North America Offshore Banking, as well as former employees Susanne D. Ruegg Meier and Andreas Bachmann, face one count of criminal conspiracy in federal court in Alexandria, Va. The indictment also charges Josef Dorig, the founder of an unnamed...
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