2 Swiss Bankers Who Hid Money From IRS Get Probation
Law360, New York (November 30, 2018, 8:55 PM EST) -- Two men who worked at Zurcher Kantonalbank and helped U.S. taxpayers hide funds from the IRS at were each sentenced to a year of probation on Friday by a Manhattan federal judge, a lower-than-guidelines sentence that had prosecutors’ blessing.
Stephan Fellmann and Christof Reist were each sentenced to a year of probation without the usual terms, allowing them to return to their home country after having spent several months in the U.S. cooperating with prosecutors. The pair pled guilty in August on the same day that Zurcher Kantonalbank, or ZKB, struck a $98.5 million deal with prosecutors.
In back-to-back hearings, U.S....
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