Credit Suisse Accused of Helping Americans Evade Taxes

TL;DR Summary
Credit Suisse has been helping wealthy American clients hide assets from the IRS for years, according to two former Credit Suisse bankers who spoke in exclusive interviews with CNBC and are working with the U.S. government as whistleblowers. The bank notoriously pleaded guilty in 2014 to criminal charges for "knowingly and willfully" helping thousands of U.S. clients conceal their offshore assets and income from the IRS. The Senate Finance Committee released a report detailing ongoing and rampant abuse since then, which could trigger a host of repercussions if the Justice Department presses the case.
- Credit Suisse whistleblowers say bank has been helping Americans dodge U.S. taxes CNBC
- Senate Finance Committee: Credit Suisse helped Americans commit tax fraud CNBC Television
- Credit Suisse is still helping ultra-wealthy Americans evade taxes, Senate panel says CNN
- Senate: Credit Suisse still helps rich Americans evade taxes The Associated Press
- Credit Suisse still helping wealthy dodge U.S. taxes, U.S. Senate Committee finds Reuters
- View Full Coverage on Google News
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
11 min
vs 12 min read
Condensed
96%
2,242 → 94 words
Want the full story? Read the original article
Read on CNBC