WSJ.com: Europe Home: Swiss Bank Ordered to Forfeit $16 Million in U.S. Tax Case

WSJ.com: Europe Home
Europe Home
Swiss Bank Ordered to Forfeit $16 Million in U.S. Tax Case
Apr 24th 2012, 17:48

Wegelin & Co., Switzerland's oldest bank, must forfeit about $16 million held in a U.S. bank account after U.S. prosecutors accused it earlier this year of helping wealthy Americans hide from tax authorities more than $1.2 billion in secret accounts abroad.

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