Three Swiss bankers were indicted in the United States Tuesday,
accused of hiding $1.2 billion in assets of US clients seeking to avoid
declaring their full wealth to tax authorities.
The bankers, Michael Berlinka, Urs Frei and Roger Keller, were
accused of “conspiring with US taxpayers and others” in a massive tax
In an indictment, the three bankers were said to have been client
advisers at the Zurich branch of an institution identified only as
“Swiss Bank A.”
They allegedly conspired with their US clients to hide the
existence of bank accounts and the income they generated from the
Internal Revenue Service, which collects taxes and requires US citizens
to declare their holdings both at home and abroad.