Swiss Advisers Accused In $200M Offshore Tax Conspiracy

Law360, New York (March 14, 2012, 5:18 PM EDT) -- The U.S. on Tuesday leveled criminal conspiracy charges in New York federal court against two separate Swiss financial advisers for allegedly helping U.S. taxpayers squirrel away more than $200 million in secret offshore accounts, including accounts at UBS AG, Switzerland's biggest bank.

The advisers, Hans Thomann and Josef Beck, both Swiss residents, did not work in tandem in their alleged frauds, though the charges share some similarities, according to two separate indictments filed Tuesday by the U.S. attorney in New York district court. Each of them often...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.