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(Bloomberg) -- A former Credit Suisse Group AG banker pleaded guilty to conspiring to help Americans hide income and assets from the Internal Revenue Service, admitting that she helped one U.S. client withdraw $1 million in cash rather than declare the money to the IRS.

Susanne D. Ruegg Meier, a Swiss citizen, pleaded guilty on Wednesday in federal court in Alexandria, Virginia, where she made her first appearance after she was indicted in 2011 with several other Credit Suisse bankers. In May 2014, a bank subsidiary pleaded guilty in Alexandria, paying a $2.6 billion penalty while admitting it helped thousands of Americans evade taxes.

Ex-Credit Suisse Banker, Firm Owner Avoid Prison in Tax Case

At least three other people indicted with Ruegg Meier have come to the U.S. to plead guilty, as they have chosen to resolve their criminal cases rather than have them hang over their heads indefinitely.

Ruegg Meier admitted that she joined a wide-ranging conspiracy from 2002 to 2011, overseeing the bank’s North America desk in Zurich, according to the Justice Department. She “assisted many U.S. clients in utilizing their Credit Suisse accounts to evade their U.S. income taxes,” prosecutors said in a statement.

She faces as many as five years in prison when she is sentenced on Sept. 8.

The case is U.S. v. Adami, 11-cr-00095, U.S. District Court, Eastern District of Virginia (Alexandria).

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

To contact the editors responsible for this story: David Glovin at dglovin@bloomberg.net, Elizabeth Wollman, David Scheer

©2017 Bloomberg L.P.

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