Bloomberg

(Bloomberg) -- A former Credit Suisse Group AG banker pleaded guilty to helping Americans evade taxes, admitting his role after spending the past five years as a fugitive.

Michele Bergantino, 48, appeared in federal court in Alexandria, Virginia, where he was one of seven people indicted in 2011 on a charge that they helped U.S. clients hide $4 billion in assets from the Internal Revenue Service.

To contact the reporter on this story: David Voreacos in federal court in Newark, New Jersey, at dvoreacos@bloomberg.net.

To contact the editor responsible for this story: Peter Blumberg at pblumberg1@bloomberg.net.

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