January 15, 2014 - H. Ty Warner Sentenced to Probation After Paying $80 Million in Taxes and Penalties for Tax Evasion on Funds Hidden in Secret Swiss Bank Accounts
Instead of opening the ZKB account in his own name, Warner opened the account in the name of a purported Liechtenstein entity, the “Molani Foundation,” which effectively concealed his identity as the account holder.
December 24, 2013 - TLPA Consulting On Swiss Bank Disclosure Program
Teig Lawrence is available to consult with Swiss Banks of all sizes with respect to satisfying the compliance requirements of this Swiss Bank Voluntary Disclosure Program.
December 16, 2013- Several Swiss cantonal banks to join U.S. tax deal
Banque Cantonale Vaudoise (BCV), Banque Cantonale de Geneve (BCGE), St. Galler Kantonalbank, Zuger Kantonalbank, Luzerner Kantonalbank and Graubuendner Kantonalbank said they were participating in the program.
December 6, 2013 - -Swiss banks prepare to bow to U.S. demands, grudgingly
“It’s really an elaborate game theory going on right now,” said one U.S. lawyer working for Swiss banks.
December 2, 2013 - Swiss Authorize Group of Banks to Cooperate With U.S.
“The Federal Council gave various banks authorization to cooperate,” the government in Bern said in a statement on its website today, without disclosing the number or names of lenders. Banks were “encouraged” to give “serious consideration to their participation in the program and to make their decisions in this regard in a timely manner,” it said.
November 13, 2013 - Feds expand hunt for offshore tax evaders
The five include Bank of New York Mellon, Citibank, JPMorgan Chase Bank, HSBC Bank and Bank of America.
November 13, 2013 - Bank Records Sought in Offshore Tax Inquiry
Judge Richard M. Berman of the United States District Court in Manhattan told the banks — Citigroup, Bank of New York Mellon, JPMorgan Chase, HSBC and Bank of America — to produce details about American clients who may be evading taxes through the Bank of N.T. Butterfield & Son.
November 13, 2013 - Court Authorizes IRS to Issue John Doe Summonses
IRS to issue summonses requiring Mellon, Citibank, (JPMorgan), (HSBC), BANK OF AMERICA to produce similar information in connection with undisclosed accounts at The Bank of N.T. Butterfield & Son Limited and its affiliates (collectively, Butterfield) in the Bahamas, Barbados, Cayman Islands, Guernsey, Hong Kong, Malta, Switzerland, and the United Kingdom.
September 20, 2013 - Beanie Babies creator Ty Warner to settle tax evasion
the entrepreneur who became a billionaire creating Beanie Babies toys, has been charged with federal tax evasion and has agreed to pay a $53.5-million penalty, federal officials said.
September 19, 2013 - Beanie Babies creator to plead guilty to tax evasion,
the creator of Beanie Babies plush toys, was charged with tax evasion for failing to report $3.2 million in income on a secret Swiss bank account that held as much as $93.6 million in assets
September 4, 2013 - Swiss Bank Group’s Odier Sees U.S. Tax Spat Resolved by
“The situation would be sorted out within the next 12 to 18 months,” Odier, 58, told reporters in Zurich today. “That’s the advantage of having a program.”
August 29, 2013- - Banks back plan to end US tax evasion row
According to the Swiss newspaper Tages-Anzeiger and a journalists' conference call with a senior US Justice Department official, banks will pay fines of between 20 and 50 per cent of the assets they helped clients hide from the US tax authorities under the agreement.
August 23, 2013 - U.S. looks to turn the screw in Swiss banks talks
The United States is pushing Switzerland for a deal to settle a long-running dispute over banks that shelter tax evaders, a Swiss government source said on Thursday, ratcheting up the pressure after parliament rejected an accord in June.
July 22, 2013 - Liechtenstein bank stows extra $33 million for imminent U.S
LLB's Swiss arm is one of more than a dozen banks in Switzerland under formal investigation by the United States, including Credit Suisse, Julius Baer, the Swiss arm of Britain's HSBC, privately held Pictet and local government-backed Zuercher Kantonalbank and Basler Kantonalbank.
July 15, 2013 - Swiss banks seek permission to send data in U.S. probe-sour
which also include local government-backed banks Zuercher Kantonalbank and Basler Kantonalbank and the Swiss arm of Britain's HSBC, expect the government to approve their request in the coming days, two sources said.