Thursday, January 03, 2013


They go together like peanut butter and jelly.
Wegelin & Co. Admits It Helped U.S. Clients Hide $1.2 Billion From IRS
AP | Posted: 01/03/2013 1:04 pm EST
Huffington Post

NEW YORK (AP) — Switzerland's oldest bank became the first foreign bank to plead guilty in the United States to tax charges when it admitted Thursday that it helped American clients hide more than $1.2 billion from the Internal Revenue Service.

The bank had been accused of helping at least 100 U.S. clients conceal large sums of money from the federal tax collection agency in overseas accounts.

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