U.S. Court Enters Final Forfeiture Order for Over $16 Million against Wegelin’s Correspondent Bank Account in the U.S.

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Sunday, July 1, 2012
Author: 
Bruce Zagaris
Volume: 
28
Issue: 
7
Abstract: 
  On April 24, 2012, Preet Bharara, the United States Attorney for the Southern District of New York, announced that U.S. District Judge Laura Taylor Swain entered a default judgment and final order of forfeiture for over $16 million seized from the U.S. correspondent account of Wegelin & Co., a Swiss private bank.