Area Man Pleads Guilty To Using Both UBS And Credit Suisse To Evade Taxes
Just because UBS is trying to get away from the whole 'tax evasion' specialists branding doesn't mean this betrayal hurts any less.
A Credit Suisse client pleaded guilty to evading U.S. taxes on Tuesday, marking the first time the government publicly mentioned the bank in its latest wave of tax evasion probes. Defendant Edward Gurary was originally charged with hiding assets at accounts at Swiss bank UBS AG, but he now also admits he hid assets at Credit Suisse. U.S. officials are investigating other banks after UBS in 2009 paid $780 million to settle tax evasion charges.