Marcy Gordon, Associated Press
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- May 20, 2014
WASHINGTON — Credit Suisse AG’s guilty plea and $2.6 billion payment in a high-profile case brought by the Justice Department are being held out as a warning to foreign banks believed to be helping U.S. taxpayers conceal assets.
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- May 19, 2014
WASHINGTON — The Justice Department on Monday charged Credit Suisse AG with helping wealthy Americans avoid paying taxes through offshore accounts, and a person familiar with the matter said the European bank has agreed to pay about $2.6 billion in penalties.
The charge was filed in a criminal information, which is a charging document that can only be filed with a defendant’s consent and which typically signals a guilty plea.
The penalties will be paid to the Justice Department and to regulators, according to a person spoke on condition of anonymity because the guilty plea had not yet been announced. Continue reading →