Credit Suisse Accused of Helping Americans Evade Taxes

1 min read
Source: CNBC
Credit Suisse Accused of Helping Americans Evade Taxes
Photo: CNBC
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.

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