Swiss Lawyer, Banker Indicted In Offshore Tax Scheme

Law360, New York (April 17, 2013, 6:06 PM EDT) -- A New York grand jury on Thursday indicted a Swiss bank executive and an attorney on charges of conspiracy for allegedly helping U.S. taxpayers hide millions in undeclared income in offshore bank accounts at Bank Frey & Co. AG.

Edgar Paltzer, 56, a partner at Niederer Kraft & Frey AG, and Stefan Buck, 32, the head of private banking at Bank Frey, allegedly helped more than six U.S. clients between 2000 and 2012 conceal millions in Swiss bank accounts in order to hide the money from...
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