U.S. and Credit Suisse Settle Criminal Tax Case

On May 19, 2014, an information was entered against Credit Suisse AG in the U.S. District Court for the Eastern District of Virginia[1] and a plea agreement was reached in which Credit Suisse AG pled guilty of conspiracy to violate 26 U.S.C. §7602(2), aiding in the false preparation of U.S. tax returns.