Credit Suisse is complicit in ongoing tax evasion by ultra-wealthy Americans, including a potentially criminal conspiracy involving the failure to disclose nearly $100 million in secret offshore accounts held by a single family, a Senate investigation released Wednesday finds.
The two-year investigation by Senate Finance Committee Chairman Ron Wyden alleges major violations of the 2014 plea agreement Credit Suisse reached with the US Justice Department after it enabled thousands of wealthy Americans to avoid taxes.
“At the center of this investigation are greedy Swiss bankers and catnapping government regulators,” Wyden said in a statement, “and the result appears to be a massive, ongoing conspiracy to help ultra-wealthy US citizens to evade taxes and rip off their fellow Americans.”
Source : Credit Suisse Accused by Senate Panel of Aiding Ultra-Wealthy Americans in Tax Evasion