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 made in a US Attorney Southern District of New York Press Release dated 4 March 2013. According to the Press Release, the Swiss bank, among other things, took the following...