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On June 9, 2023, two men are sitting under a loan Suis, which is displayed on the Lugan building.
Fabrice Coffrini | AFP | Gets the image
Credit Suisse AG services have recognized their guilt on Monday and will pay about $ 511 million to settle a criminal case for conspiracy with wealthy Americans taxpayer hide more than $ 4 billion in at least 475 offshore accounts, Ministry of Justice said.
In addition to this request, UBS The subsidiary also concluded an agreement on the prosecutor’s office in connection with the US accounts, which were booked at Credit Suisse Ag Singapore.
“Between 2014 and June 2023, Credit Suisse AG Singapore held undeclared accounts for us, which we knew whether we should know what we knew with common assets were estimated by more than $ 2 billion,” ” Doj said.
Doj said the criminal conspiracy to which the Suit loan acknowledged that the guilt allowed “ultra-high-net and highly-plated customers” Ship Financial services corporation evades tax commitments in the US from 2010 to 2021.
‘Doing this, Credit Suisse AG committed new crimes and violated it May 2014 From the US, ”the department said.
Credit Suisse in 2014 pleaded guilty to help us hide offshore accounts from IRS and paid $ 2.6 billion for the case resolution. It was the biggest payment in the criminal case.
The firm found itself guilty of one conspiracy to help and assist in the preparation of false income tax declarations US District Court in Alexandria, Virginia.
DOJ said Credit Suisse and UBS are obliged to fully cooperate with constant investigations and affirmatively disclose any information it can then reveal in relation to the US bills. “
“The agreements do not provide any protection for any persons,” DOJ said.
Please pass more than two years after Senate Financing Committee This investigation of the board revealed that the Suis loan was “complicit in non-payment of ultra-quality Americans … Including a previously unknown, continuing and potentially criminal conspiracy related to inability to disclose nearly $ 100 million in secret offshore accounts owned by one family.”
Jeffrey Nean, Prosecutor Florida, who presented human rights defenders in the case, said his clients “revealed and exposed this violation of the rules” violation of the company’s initial agreement.
Nean said that his customers, all former bankers Credit Suisse, have been providing Doj, IRS and the Senate information about the Bank’s violation for the 2014 guilt.
“With great personal risk and potential harassment by the Swiss bodies they provided the government
With detailed evidence: Names, Social Security numbers and the passports of the US related account
Owners whose assets have been hidden for decades, ”Nean said.
Bankers who allowed the federal agent to act quickly and effectively. “
“For almost a decade, the offenders have been waiting for this point,” he said. “Today they feel
Justified – for saying the truth, for the risk of everything, and for being standing up to one of the world’s
The most powerful financial institutions. “
The charge document filed on Monday vs. Credit Suisse states that he falsified bank records to hide ownership of the US and control over accounts, fixed by certain US accounts “as persons who are not in the US,” processed fictitious documents, support more than 100 accounts or includes ” Increased customers’ and services more than $ 1 billion of US values without complete documentation for full documentation in accordance with the full documentation tax.
Among the obvious cases described in the fact that charging was a credit suiss that allowed a US citizen and former Business Professor Rochester Rochester University And the chorus Keep control over assets after changing useful property to these assets on a relative who was not US citizens, and other actions that allowed the Chorsh to avoid paying taxes.
Choysk, who the federal prosecutor said his foreign account containing $ 200 million, in 2016, pleaded guilty of tax -related crimes convict Up to seven months of imprisonment in 2017 and paid a civil sentence of $ 100 million.
Mother’s Credit Suisse, Swiss Bank UBSin A statement Monday stated that “it does not participate mainly and has zero tolerance to tax evasion.” UBS purchased Credit Suisse in 2023.
“With this UBS resolution, another outdated Suis lending issues in accordance with the UBS intention to resolve outdated issues at a fair and balanced way and in the interests of all its stakeholders,” the bank said.
“In the second quarter of 2025, UBS Group AG expects to acknowledge the loan from a partial issue of conditional liability set with Credit Suisse’s acquisition as part of the purchase price distribution process,” the statement said. “UBS AG expects to record the charge in the second quarter of this resolution.”
Senator Ron Wieden from Oregon, the Democrat -Financing Committee rating, said in a statement on Monday: “This settlement fully justifies the conclusions of my investigation, which exposed the SI loan hiding more than $ 700 million in offshore for rich Americans who violate their business.”
“The ultra-dominant and shadow Swiss bankers should not receive a free pass to prepare offshore tax evasion when ordinary Americans pay their fair share,” said Video.
