Swiss Bankers Charged With Hiding U.S. Taxpayer Accounts From The IRS

Three Swiss bankers were charged Tuesday with hiding more than $1.2 billion in U.S. taxpayer accounts from the IRS, by Preet Bharar, the Manhattan U.S. Attorney.

Michael Berlinka, Urs Frei And Roger Keller allegedly conspired with some U.S. taxpayers and others to hide Swiss bank accounts and the income generated from them while working as client advisers for a Swiss bank, according to a press release from Bharar's office. The three worked on dozens of undeclared bank accounts in 2008 and 2009 in an effort to scoop up business lost by UBS and another Swiss bank following reports that UBS was helping U.S. account holders evade taxes, according to the press release.

The case has been assigned to Judge Jed Rakoff, according to the release.

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Source: http://www.huffingtonpost.com/2012/01/03/swiss-bankers-irs_n_1181784.html

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