Swiss Bank Banque Pictet Confesses to Assisting U.S. Taxpayers in Tax Evasion
TL;DR
Swiss private bank Banque Pictet has admitted to conspiring with U.S. taxpayers to hide over $5.6 billion in 1,637 secret bank accounts in Switzerland and elsewhere, as well as concealing the income generated in those accounts from the IRS. As part of a deferred prosecution agreement, Banque Pictet will pay approximately $122.9 million to the U.S. Treasury. The bank's actions were discovered as part of the Department of Justice's investigations into offshore U.S. tax evasion by foreign banks.
- Swiss Private Bank, Banque Pictet, Admits To Conspiring With U.S. Taxpayers To Hide Assets And Income In Offshore Accounts Department of Justice
- Swiss bank Banque Pictet admits hiding $5.6 billion of Americans' money from IRS CNBC
- Major Swiss bank admits to helping U.S. taxpayers hide billions from IRS UPI News
- Swiss Bank Pictet Admits to Helping US Clients Dodge Taxes finews.com
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