Credit Suisse under investigation. Again. For money laundering. Again.
Looks like Credit Suisse is in trouble again. The feds and NYDFS have opened another money laundering investigation.
Check out the report on 2/23 at Wall Street Journal – Credit Suisse Probe Opens Old Wounds for the following info.
A retired professor invested $500K in a startup back in 2000. When the company went public in 2008, his shares were worth $80M.
Cool! Good for him!
He didn’t want to share a lot of that with Uncle Sam, so he got some help from the Israel branch of Credit Suisse to cut his tax bill.
By 2013 he had $200M parked in his accounts in Switzerland.
Well, somehow the revenuers caught up with him.
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Credit Suisse under investigation. Again. For money laundering. Again.Read More »