3 Indicted For Hiding $1B In Overseas Bank Accounts

Law360, New York (January 3, 2012, 6:13 PM EST) -- Three Swiss bankers were indicted Tuesday over their alleged involvement in concealing from the Internal Revenue Service overseas bank accounts for U.S. customers that contained more than $1.2 billion in assets.

Michael Berlinka, Urs Frei and Roger Keller worked as client advisers for an unnamed Swiss bank to open and service accounts for dozens of American customers in 2008 and 2009, according to U.S. Attorney for the Southern District of New York Preet Bharara.

They each face up to five years in prison, three years of...
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