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Credit Suisse Pays $2.6B, Pleads Guilty In Tax Evasion Case

Law360, New York (May 19, 2014, 6:50 PM EDT) -- Credit Suisse AG on Monday agreed to plead guilty and pay $2.6 billion in a settlement with the U.S. Department of Justice and federal and New York state financial regulators over allegations that it helped American citizens evade taxes.

U.S. Attorney General Eric Holder said Monday that the settlement of the so-called criminal information was the result of a “painstaking, years-long” investigation, during which the DOJ discovered an “extensive and wide-ranging conspiracy” by Credit Suisse to help U.S. taxpayers evade taxes.

“Credit Suisse not only knew...
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