Feb. 11, 2012

Largest Swiss Private Bank a ‘Fugitive From Justice,’ Say U.S. Authorities

By Andre Tartar

Citing Swiss bank secrecy laws, Wegelin & Co. did not send representatives to a court hearing in New York yesterday — the Justice Department has accused the bank of helping rich clients hide $1.2 billion from the IRS. [Business Insider]

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Justice Dept.: Swiss Private Bank a ‘Fugitive’

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