Credit Suisse for the payment of 511 million US dollars to help the taxpayer to hide over 4 billion US dollars in overseas -NBC4 Washington

• Credit Suisse pays about 511 million US dollars to pay criminal proceedings because it has blurred with American taxpayers to hide more than 4 billion US dollars into at least 475 offshore accounts.
• The conspiracy made it possible to avoid Swiss society “ultra-hohe network values ​​and individual customers with high network values” from 2010 to 2021, said the Ministry of Justice.
• “Credit Suisse AG committed new crimes and violated the plea contract with the United States in May 2014,” said Doj.

Credit Suisse Services AG is guilty on Monday and will pay about 511 million dollars to pay criminal proceedings because it has summarized more than 4 billion US dollars in at least 475 offshore accounts with wealthy American taxpayers, the Ministry of Justice said.

In addition to this plea, the UBS subsidiary completed a non-contract agreement with prosecutors in connection with US accounts that were booked at Credit Suisse AG Singapore.

“Between 2014 and June 2023, Credit Suisse AG Singapore did not consider declared accounts for US persons who knew Credit Suisse AG Singapore or should have known that they were overall assets of over 2 billion US dollars,” said the doj.

The doj said that the criminal conspiracy, for which Credit Suisse was approved, “ultrahohe networks and with high network value of individual customers” of the Switzerland Financial Services Corporation to avoid your US tax obligations from 2010 to 2021.

“Credit Suisse AG committed new crimes and violated the plea contract with the United States in May 2014,” said the department.

The Credit Suisse in 2014 remained guilty of helping us the taxpayer in the hiding place of offshore accounts before the IRS and paid 2.6 billion US dollars to pay the case. At that time, the greatest payment of all time was in a penalty tax case.

The company guilty of a conspiracy on Monday to support and support the preparation of false income tax returns before the US district court in Alexandria, Virginia. The tax loss from the accounts to the United States was more than 71 million US dollars, and the associated income from Credit Suisse via increased $ 108.6 million.

The DOJ said that Credit Suisse and UBS are “obliged to” work completely with ongoing examinations and to determine all the information that they could later uncover “in relation to US-related accounts”.

“The agreements do not offer protection for people,” said the doj.

The plea more than two years, after the Senate finance committee said, it has been determined that the Credit Suisse had been involved in the persistent tax evasion by ultra-rich Americans … including a previously unknown, persistent and potential criminal conspiracy, the failure to reveal almost $ 100 million in secret offshore accounts, a single family that Tax money includes a single family of American tax money. “

Jeffrey Neiman, a lawyer in Florida who represented Whistleblower in this case in a statement, said his clients had uncovered and unveiled this persistent misconduct “against the violation of the original plea”.

Neiman said that its customers, all former Credit Suisse bankers bankers, made information about their plea agreement from 2014 for more than a decade, the IRS, the IRS and the Senate.

“With great personal risk and potential persecution by the Swiss authorities, they provided the government
With detailed evidence: names, social security numbers and passports of the US account
Owner whose assets have been hidden for decades, “said Neiman.

“You have turned internal documents, including bank statements and e -mails, and even intelligence about the movement and journey of
Bankers who enabled federal agents to act quickly and effectively. “

“The whistleblower have been waiting for this moment for almost a decade,” he said.

“Today they feel confirmed – to say the truth, to risk everything and to face one of the most powerful financial institutions in the world.”

In a charging document submitted against the Credit Suisse on Monday, it is said that the bank documents completed the US owners and the control of accounts, certain American accounts “as non-US people,” processed fictional paper stuff “, keep more than 100 accounts that a Swiss lawyer without welding without the welding Account account accounts benefit “and the services of $ 1.

One of the obvious actions, which were detailed in this charges, were the Credit Suisse, which allowed a US citizen and former business professor of the University of Rochester named Dan Horsky to keep control of assets after changing the beneficial possession of these assets to a relative that was not a US citizen and other measures that were made it possible to avoid the assets, to pay taxes.

Horsky, the Federal Prosecutor said that he was guilty of tax crimes in 2016, guilty in 2016, sentenced to seven months in prison in 2017 and paid a civil penalty of $ 100 million.

The parent company of Credit Suisse, the Swiss bank UBS, said in a statement on Monday that it was “not involved in the underlying behavior and has no tolerance to tax evasion”. UBS acquired Credit Suisse in 2023.

“With this resolution, UBS is pleased to solve another legacy problems from Credit Suisse in accordance with the intention of UBS, in fair and balanced ways and in the best interest of all stakeholders,” said the bank.

“In the second quarter of 2025, UBS Group AG expects a credit from the partial publication of the liability proceedings set up with the acquisition of Credit Suisse as part of the purchase price allocation process,” the statement said. “UBS AG expects a fee regarding this resolution in the second quarter.”

Senator Ron Wyden from Oregon, the high -altitude democrat at the Senate financial committee, said on Monday in a statement: “This settlement fully mocked the results of my investigation, which revealed how Credit Suisse kept more than 700 million US dollars for rich Americans who were convicted of persecution.”

“The ultra-rich and shady Swiss bankers should not get a free passport to cook offshore tax evasion when regular Americans pay their fair share,” said Wyden.