Swiss bank sentenced for US tax evasion schemes
The US Department of Justice (DOJ) has announced that, on 4 March 2013, a Swiss private bank (Wegelin & Co.) was sentenced in US District Court and ordered to pay USD 58 million to the United States for conspiring with US taxpayers and others to hide approximately USD 1.5 billion in secret Swiss bank accounts and to evade US taxes on the income earned in those accounts. The announcement was ma…
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