Swiss authorities, however, have refused to hand over any bankers and the U.S. hasn’t asked for them.
At least 21 financial advisers in Switzerland under U.S. indictment remain at large, making them fugitives in the eyes of the American government. Their acts aren’t considered crimes under Swiss law, so the country won’t extradite or prosecute them. Several still work in the Swiss financial industry, offering tax advice and other services. Some still have U.S. clients.
We previously posted More Swiss Banks Are Striking Deals With the DoJ Including Providing Your Tax Information! where we discussed that more Swiss banks that helped wealthy Americans evade taxes will soon strike agreements with the U.S. Department of Justice to avoid prosecution and turn over the names of their US Depositors.
As a result of leads from banks involved in the voluntary disclosure program, Ciraolo said, the Justice Department is going after individual account holders as well as bankers and other professionals who helped conceal offshore accounts.
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