Swiss Asset Manager Indicted In Tax Evasion Sweep

Law360, Los Angeles (February 6, 2014, 8:45 PM EST) -- Federal prosecutors in New York said Thursday that they have indicted a Swiss asset manager for his part in a scheme to hide U.S. clients’ income in foreign banks to keep it from the eyes of the Internal Revenue Service in a case that has already taken down an attorney and another banker.

Peter Amrein helped U.S. taxpayers avoid paying up on income in their foreign bank accounts by squirreling the funds away at various banks, according to prosecutors. Amrein is accused of stashing U.S. account...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.