Former C Suisse banker to plead guilty over tax charges

A former banker at a Credit Suisse unit facing a July 2011 indictment on a tax conspiracy charge is scheduled to plead guilty Wednesday in federal court in Virginia, according to court records.

Bloomberg reports that Andreas Bachmann, a Swiss citizen, was arrested yesterday and appeared in court in Alexandria, where a magistrate released him on bail. Bachmann and six other bankers at Credit Suisse are charged in the indictment with conspiring to help U.S. clients hide $4bn in assets from the Internal Revenue Service.

Credit Suisse is the largest of 14 Swiss banks under criminal investigation for helping Americans cheat the IRS. Bachmann’s plea follows a report by the Senate Permanent Subcommittee on Investigations, which said Credit Suisse helped 22,000 Americans hide as much as $10bn from the IRS.

To access the complete Bloomberg article hit the link below:

Ex-Credit Suisse Banker Bachmann Is Set to Plead Guilty 

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