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

  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.