US authorities have launched an attack on a Swiss banker and lawyer who they believe helped wealthy Americans conceal assets in secret Swiss bank accounts.
The two defendants were indicted for conspiring to defraud the US, by helping rich Americans establish sham and nominee offshore entities, designed to hide assets and income. Swiss private bank, Neue Zuercher (NZB) has sacked one of its partners, Hansruedi Schumacher, who is believed to be involved in the scam. Matthias Rickenbach, a Swiss attorney who provided legal advice and services to U.S. clients is also alleged to have helped clients avoid tax. According to court documents, both individuals aided wealthy American clients repatriate money back to the US using deceptive means....
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