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    Articles Banks & Trusts Featured Fraud Money Laundering Switzerland Tax USAFebruary 2, 2012

    Swiss private bank Wegelin & Co. indicted in U. S. for allegedly conspiring to defraud the IRS

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    By
    12 years ago

    Topics

    Banks & Trusts Fraud Money Laundering Switzerland Tax
    USA
    [ 1 more... ] [ top 5 ]

    Keywords

    Michael Berlinka Roger Keller UBS Urs Frei Wegelin & Co.

    Highlights

    • 'First-time foreign bank has been charged with tax evasion in USA', states U. S. Government
    • U. S. Government has seized $16 m of Wegelin & Co.'s assets at its U. S. correspondent bank, UBS
    • Wegelin & Co. allegedly conspired to conceal $1.2 b from the IRS

    Related Content

    Switzerland’s oldest private bank, Wegelin & Co., was indicted today in the United States for allegedly conspiring to defraud the IRS and, in a parallel civil action, had $16 million seized at its correspondent bank, UBS AG, due to alleged money laundering.

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