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Swiss Bankers Plead Not Guilty In US Offshore Tax Scheme

Law360, New York (November 29, 2016, 3:46 PM EST) -- Two Swiss bankers pled not guilty in Manhattan federal court Monday to charges of helping U.S. clients conceal more than $420 million in assets from the IRS through offshore banking schemes.

Stephan Fellman and Christof Reist, financial advisers with Zurich-based Zuercher Kantonalbank, were released on bond of $150,000 each after pleading not guilty to charges of conspiring to defraud the U.S. government, a representative for the U.S. Attorney's Office in Manhattan confirmed.

Fellman and Reist were indicted in 2012 but remained in Switzerland, beyond the reach...
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