Credit Suisse penalized more than $510 million for helping wealthy US clients evade taxes
The Department of Justice (DOJ) said Credit Suisse Services AG will pay more than $510 million in penalties for its part in aiding U.S. taxpayers in skirting the IRS through offshore accounts.The more than $510 million in "penalties, restitution, forfeiture and fines" that Credit Suisse Services AG must pay are part of a guilty plea and non-prosecution agreement that the now UBS-owned bank entered on Monday for "conspiring" to hide […]
