Credit Suisse to pay $511 million for helping U.S. taxpayers hide over $4 billion overseas

Two men sit under a sign of Credit Suisse displayed on a building in Lugano, on June 9, 2023.Credit Suisse Services AG will pay about $511 million to settle a criminal case for having conspired with American taxpayers to hide more than$4 billion in at least 475 offshore accounts, the Department of Justice said Monday.The conspiracy allowed "ultra-high-net-worth and high-net-worth individual clients" of the Swiss financial services corporation to evade their U.S. tax obligations from 2010 through 2021, the ...