Swiss bank Banque Pictet admits hiding $5.6 billion in US funds from the IRS –
A major Swiss bank admits it worked with U.S. taxpayers and others to hide more than $5.6 billion from the Internal Revenue Service. Banque Pictet, the private banking arm of the Pictet Group, has agreed to pay around $122.9 million in restitution and penalties in an agreement with prosecutors. If the bank complies with the … [Read more…]