NEW YORK TIMES: … At times, a Senate report into how Credit Suisse, a bank based in Zurich, helped its American customers hide billions of dollars of assets from the United States Treasury reads more like a John Grisham novel than a white paper…
The report is scathing both to the financial institution and to American law enforcement, which the subcommittee accuses of dragging its feet in holding the bank and the relevant taxpayers accountable.
The 176-page report charges that from at least 2001 through 2008, the Swiss bank helped its American customers evade taxes through a variety of means, including opening accounts in the name of shell companies and sending Swiss bankers to the United States to secretly recruit new clients and avoid creating a paper trail… (more)
