Thursday, November 13, 2008

Senior Executive of Large Swiss Bank Indicted

A press release of the US Attorneys Office for the Southern District of Florida tells of the Indictment of "a senior executive of a large Swiss bank with offices worldwide, including the United States."  This individual "has been charged with conspiring with other executives, managers, private bankers and clients of the banking firm to defraud the United States."

The press release states that "according to the criminal indictment, between 2002 and 2007, [this individual] oversaw the Swiss bank’s cross-border private banking business that provided services to some 20,000 U.S. clients who reportedly concealed approximately $20 billion in assets from the IRS."

The Indictment only has one count and it is for conspiracy under section 371.

Indictment - Download Indictment.pdf

Wall Street Jrl Blog here

Southern District of Florida Blog, Exec UBS indicted in tax probe 

(esp)

http://lawprofessors.typepad.com/whitecollarcrime_blog/2008/11/senior-executiv.html

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