U.S. charges Credit Suisse with conspiracy- helping wealthy Americans evade taxes

[cali]

U.S. authorities charged Credit Suisse with criminal conspiracy Monday, alleging the Swiss banking giant helped wealthy American clients evade U.S. taxes.

A Virginia federal court filing in Alexandria accuses Credit Suisse of conspiring to in part "advise the preparation and presentation of false income tax returns and other documents to the Internal Revenue Service.''

The four-page criminal information charges the bank with "assisting clients in using sham entities'' as the purported owners of secret offshore accounts and "soliciting IRS forms that falsely stated under penalties of perjury that the sham entities … owned the assets in the accounts.''

The court documents cite two unidentified Credit Suisse clients, one from Charlottesville, Va., and the other from Elizabeth, N.J., who allegedly sought and received counsel from the bank.

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http://www.usatoday.com/story/money/business/2014/05/19/credit-suisse-justice-department-settlement/8763247/

[MattBaggins]

1. Is this an Onion story?