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Ex-Credit Suisse Clients Face Grand Jury Probes Over Taxes
News March 05, 2024 at 03:00 PM
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What You Need To Know
- Meanwhile, the Justice Department is investigating whether the bank, now owned by UBS, helped Americans hide assets from the IRS.
- Credit Suisse pleaded guilty in 2014, paid $2.6 billion, and admitted it helped thousands of Americans evade taxes.
- Its failure to act "enabled what appears to be potentially criminal tax evasion by a client to go undetected for almost a decade," according to a Senate report.
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