Swiss Lawyer Pleads Guilty In Tax Conspiracy Case

Law360, New York (August 16, 2013, 5:16 PM EDT) -- A former partner at Swiss law firm Niederer Kraft & Frey AG on Friday pled guilty to participating in a conspiracy to help U.S. taxpayers hide millions of dollars in Switzerland’s banks.

Edgar Paltzer, 56, admitted that from 2000 to 2012 he set up corporate entities and foundations that helped U.S. clients avoid reporting their holdings to the Internal Revenue Service. He was charged in April along with Stefan Buck, the head of private banking at Zurich’s Bank Frey & Co. AG, an institution that bills...
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