(Reuters) – The United States indicted Wegelin, the oldest Swiss private bank, on charges that it enabled wealthy Americans to evade taxes on at least $1.2 billion hidden in offshore bank accounts, the U.S. Justice Department said on Thursday. The announcement, by federal prosecutors in Manhattan, represents the first time an overseas bank has been indicted by the United States for enabling tax fraud by U.S. taxpayers. The indictment said the U.S. …

Quoted from U.S. Justice Department indicts Swiss bank Wegelin on Yahoo! News – Latest News & Headlines

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