Swiss Bankers Charged by IRS Identified

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The word is out. The identity of the three Swiss bankers charged by the IRS of abetting wealthy US taxpayers in avoiding taxes is revealed. The three work for Switzerland’s Wegelin & Co and are accused of helping US taxpayers dodge taxes on more than $1.2 billion in taxable income. The three are Michael Berlinka, Urs Frei and Roger Keller, who still remain employed at the Zurich branch of the bank.

In 2009 when the IRS began an intensive crackdown on offshore tax evasion in particular by Americans who hold Swiss bank accounts, many tax cheats fled Switzerland’s larger banks like UBS AG and deposited their cash into smaller Swiss banks. St. Gallen-based Wegelin is Switzerland’s oldest private bank. However, the indictment filed by US prosecutors did not name the bank, only calling it ‘Swiss Bank A’.

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Published In: Finance & Banking Updates, Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Darrin Mish, Tampa Tax Attorney, The Law Offices of Darrin Mish, P.A. | Attorney Advertising

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