Swiss ex-banker pleads to helping U.S. tax evaders

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ALEXANDRIA, Va. (AP) — A former Swiss banker has pleaded
guilty to his role in a fraud scheme that prosecutors say helped U.S.
taxpayers hide as much as $3 billion in assets from the IRS.
Swiss
citizen Andreas Bachmann is one of eight former employees of
Zurich-based Credit Suisse to be charged back in 2011. The 56-year-old
is the first to be arrested and plead guilty.
Court records show he was arrested Tuesday and pleaded guilty Wednesday in federal court in Alexandria.

In
court papers, Bachmann admitted traveling twice a year to the United
States to meet with clients who maintained secret Swiss accounts as a
means of avoiding U.S. taxes.
The charges are part of a crackdown
by the Obama administration on foreign banks believed to be helping U.S.
taxpayers hide assets.
Copyright 2014 The Associated Press. All rights
reserved. This material may not be published, broadcast, rewritten or
redistributed.

ALEXANDRIA, Va. (AP) — A former Swiss banker has pleaded
guilty to his role in a fraud scheme that prosecutors say helped U.S.
taxpayers hide as much as $3 billion in assets from the IRS.
Swiss
citizen Andreas Bachmann is one of eight former employees of
Zurich-based Credit Suisse to be charged back in 2011. The 56-year-old
is the first to be arrested and plead guilty.
Court records show he was arrested Tuesday and pleaded guilty Wednesday in federal court in Alexandria.

In
court papers, Bachmann admitted traveling twice a year to the United
States to meet with clients who maintained secret Swiss accounts as a
means of avoiding U.S. taxes.
The charges are part of a crackdown
by the Obama administration on foreign banks believed to be helping U.S.
taxpayers hide assets.
Copyright 2014 The Associated Press. All rights
reserved. This material may not be published, broadcast, rewritten or
redistributed.

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