Four Credit Suisse Bankers Arrested For Helping Clients Dodge $3 Billion In Taxes

Author:
Updated:
Original:

Apparently they were unaware Swiss banks aren't supposed to do that anymore.

Four bankers with Switzerland-based Credit Suisse Group are accused of helping U.S. taxpayers hide as much as $3 billion in assets from the IRS. The conspiracy indictment was handed down Wednesday in U.S. District Court in Alexandria, Va. Arrest warrants have been issued for all four who are believed to be in Switzerland: Marco Parenti Adami, Emanuel Agostoni, Michele Bergantino and Roger Schaerer.

The indictment itself does not specify the bank as Credit Suisse, but a law-enforcement official with knowledge of the case confirmed the bank's identity to The Associated Press but insisted on anonymity because he was not authorized to speak publicly on the case.

UBS execs wipe brows.

[AP]

Related

Promotion Watch '12: Credit Suisse

Recent events might have had you thinking otherwise, but Credit Suisse does more than just layoff its employees-- sometimes it promotes them, too! Earlier this morning, in fact, the Swiss bumped a whole bunch of guys and girls up to managing director. And even though it's not grundle-to-face level exciting, it's still something.