Credit Suisse helped clients hide billions from IRS - Senate report

[steve2470]

http://money.cnn.com/2014/02/25/news/companies/credit-suisse-senate-tax-report/

Bankers at Credit Suisse used cloak and dagger tactics to help wealthy American clients stash away billions in assets out of sight of the IRS, according to a Senate investigative report released Tuesday.

The Swiss banking giant, which is under investigation by the U.S. Justice Department for allegedly aiding tax evasion by its rich clients, opened a special Zurich airport branch so customers could fly in, meet their private bankers and quickly hit the slopes, Senate investigators said.

VIPs would use a secret elevator operated by remote control to be whisked to private banking suites. And bankers used sparse meeting rooms, avoided sending account statements and leaving paper trails, the Senate report said.

Last week, CNN reported unusual ways some Credit Suisse customers moved their money. For example, one wealthy customer traveled on flights while hiding $250,000 in pantyhose wrapped around her body, according to federal court documents.

[MADem]

1. I wouldn't be surprised if one of 'em was named Romney.... nt