Falsified records, fake donations: Credit Suisse fined for helping rich Americans hide over $4 billion from the taxman | Metals Mine

  • Falsified records, fake donations: Credit Suisse fined for helping rich Americans hide over $4 billion from the taxman

    From cnn.com

    A Credit Suisse unit has pleaded guilty to US charges of helping ultra-wealthy Americans evade taxes and will pay a fine of more than $510 million. Credit Suisse Services pleaded guilty and was sentenced Monday for conspiring to hide more than $4 billion from the US Internal Revenue Service in at least 475 offshore accounts, the US Department of Justice said in a release Monday. The guilty plea stems from the Swiss bank maintaining accounts in Singapore on behalf of US taxpayers who were using offshore accounts to evade US taxes and reporting requirements, according to the release. “Among other fraudulent acts, ... (full story)

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Dutchy Daxy
May 6, 2025 7:31am
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Talking about a bad Monday..............
Reply
Luxyus
May 6, 2025 7:20am
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oops
Trader#B8DE
May 6, 2025 7:34am
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Hm... why I have some doubts.. suddenly..
Reply
Trader#36C3
May 6, 2025 8:02am
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A Swiss company helping customers launder their money? What else? The sky is blue?
Reply
cinekelo
May 6, 2025 7:25am
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oopsie
Reply
Trader#5E8D
May 6, 2025 7:27am
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CHF now looks like a laundromat tool for dirty money.
Reply

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