Credit Suisse Pleads Guilty To Helping U.S. Tax Evaders

Photo Credit: Evan Vucci / APCredit Suisse AG has pleaded guilty to helping wealthy Americans evade taxes in offshore havens, and the Swiss bank has agreed to pay U.S. authorities $2.6 billion in penalties, the Justice Department has announced.

Attorney General Eric Holder told a news conference in Washington on Monday that the Swiss bank had “engaged in an extensive and wide-ranging conspiracy … to help tax cheats dodge U.S. taxes.”

Holder said the conspiracy spanned decades and involved bank employees destroying records in an effort to hide the truth and that the destruction of evidence continued after the Justice Department launched its investigation in 2010.

The Associated Press reports:

“The conspiracy charge was filed in a criminal information, which is a charging document that can only be filed with a defendant’s consent and which typically signals a guilty plea.

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