Swiss Asset Manager Pleads Guilty to Conspiring with U.S. Taxpayers to Commit Tax Crimes

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Author: 

Bruce Zagaris

Date Published: 

Thursday, April 9, 2015

Volume: 

31

Issue: 

4

Subject Areas: 

Bank Secrecy
Banking Supervision
Compliance
Confidentiality
Conspiracy
Court Conviction
FATF
Tax Crimes
Tax Enforcement
Tax Havens

Geographic Identifier: 

Switzerland
United States

Abstract: 

On March 31, 2015, Peter Amrein, 53, a Swiss citizen and former asset manager at a Swiss management firm, pleaded guilty to conspiring with U.S. taxpayer clients and others to help U.S. taxpayers hide millions of dollars in offshore accounts from the Internal Revenue Services (IRS), and to evade U.S. taxes on the income earned in those accounts.