US files criminal complaint against Credit Suisse

Looks like the foreign bank Credit Suisse is guilty of conspiracy and will probably plead guilty and agree to pay various fines.

This started a few years ago and finally appears to be "settled".

Credit Suisse was one of the big fail bailout recipients I believe.

This case is about the infamous "Swiss" bank accounts and how CS actually "helped" American depositors evade income tax.

Looks like they had plenty of "Time" to amass the needed funds for the "Fines".

The "probable" settlement is supposedly coming down any time now.....

The Justice Department filed a criminal complaint against Swiss bank Credit Suisse on Monday, alleging the bank conspired to help clients evade taxes.

The complaint had been expected for days, and the bank is also expected to plead guilty to the charge and pay a multibillion-dollar fine as a settlement. A source close to the deal says that figure is expected to be about $2.5 billion.

A hearing is scheduled for 5:30 p.m. ET Monday.

US files criminal complaint against Credit Suisse


Related ......

Credit Suisse: Guilty, $2.5 Billion Fine, But Avoids Death in U.S. -- UBS Was Luckier


Criminal Charges Filed Against Credit Suisse Over Tax Evasion — Bank Expected To Plead Guilty


Credit Suisse guilty plea likely to be announced on Monday

a reply to: xuenchen

Not sure what to make of this one, Xuenchen. Seems like Obama's administration may deserve a feather for their cap this time.

originally posted by: Snarl
a reply to: xuenchen

Not sure what to make of this one, Xuenchen. Seems like Obama's administration may deserve a feather for their cap this time.

Probably.

But how much did CS make from all the illegal deals?

You can be sure it's much more than the chicken feed fines.

Holder did his job just in time for the elections I think.

But credit is due [ but just a little ]

a reply to: xuenchen

First China and now...

US is broke and grasping at straws.

Pull your money from the banks before another Cyprus.

Think a shaving of your accounts won't happen?

Peace

originally posted by: Snarl
a reply to: xuenchen

Not sure what to make of this one, Xuenchen. Seems like Obama's administration may deserve a feather for their cap this time.

Are you serious?

I hope not.

Peace

originally posted by: jude11
a reply to: xuenchen

First China and now...

US is broke and grasping at straws.

Pull your money from the banks before another Cyprus.

Think a shaving of your accounts won't happen?

Peace

Yup.

It's a coming.