Credit Suisse Judge Accepts $2.6 Billion Tax Evasion Plea Deal
Nov. 21 (Bloomberg) — Credit Suisse AG’s $2.6 billion plea bargain resolving allegations it helped wealthy Americans avoid paying taxes was accepted by a federal judge, ending a three- year probe that helped upend Swiss bank secrecy.
The first global banking unit in more than a decade to plead guilty to a crime in a U.S. court, Zurich-based Credit Suisse, was sentenced today by U.S. District Judge Rebecca Beach Smith in Norfolk, Virginia.
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To contact the editor responsible for this story: David E. Rovella at drovella@bloomberg.net
