'You know what we expect of you - don't get caught'


A former Credit Suisse banker pleaded guilty on Wednesday to conspiring to help U.S. customers evade taxes by using Swiss accounts, and said he did so with the encouragement of his superiors, according to documents filed in court.

Reuters reports that Swiss citizen Andreas Bachmann, 56, entered the plea in federal court in Alexandria, Virginia, the documents show.

The plea is part of a long-running probe by U.S. authorities against Americans who hid assets in Swiss bank accounts in order to avoid taxes, and against the bankers who aided them.

Bachmann, a former relationship manager in Switzerland for a Credit Suisse unit, described his role in one of the documents that was filed as part of an agreement with prosecutors.

He said he regularly travelled to the United States from 1994 to 2006 to advise U.S. customers, meeting them in hotels, restaurants or their homes to show them their latest account statements.

The visits were often the customers' only opportunity to see documentation of their accounts because many of them had arranged not to receive statements that could be seized by U.S. law enforcement, the documents show.

Bachmann said one of his superiors advised him in effect: 'You know what we expect of you - don't get caught'.The court document does not say if the advice was in writing, and it described the superior only as 'Swiss Bank Executive 2'.

To access the complete Reuters article hit the link below:

Swiss banker in U.S tax case says he was told, 'Don't get caught'

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