Legal
Swiss bank Wegelin ordered to pay in U.S. tax evasion case
A U.S. court on Monday sentenced Wegelin & Co, the oldest Swiss private bank, to pay $57.85 million after it admitted to helping wealthy Americans evade taxes. The sum ordered by U.S. District Judge Jed Rakoff in New York was on top of $16.3 million in forfeitures already obtained by…
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