by Keith Griffith at Daily Mail
- Senate Finance Committee report on Wednesday slammed Credit Suisse
- Bank concealed more than $700 million from US tax authorities, it said
- A single American family hid nearly $100 million in secret offshore accounts
Credit Suisse has been accused of helping ultra-wealthy Americans evade taxes and concealing more than $700 million from tax authorities, including one unidentified family with $100 million stashed in secret offshore accounts.
The US Senate Finance Committee made the claims in a report on Wednesday citing information from multiple whistleblowers, after concluding its two-year investigation into Credit Suisse.
‘At the center of this investigation are greedy Swiss bankers and catnapping government regulators, and the result appears to be a massive, ongoing conspiracy to help ultra-wealthy US citizens to evade taxes and rip off their fellow Americans,’ said Senate Finance Committee Chair Ron Wyden in a statement.
The committee said it had uncovered ‘major violations’ of a 2014 plea agreement between the Swiss lender and the US Department of Justice to settle charges of enabling tax evasion.
These violations included failing to disclose nearly $100 million in secret offshore accounts belonging to a single family of American taxpayers, which it said represented an ‘ongoing and potentially criminal conspiracy’…
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