DOJ Investigating Credit Suisse: San Francisco Tax Lawyer Robert Wood

Let's see, first there was UBS. Then HSBC. Now it's Credit Suisse's turn with the IRS and federal prosecutors. See Credit Suisse Is 'Target' of Inquiry. Foreign financial institutions are probably all hoping they won't join this elite list.

In fact, it is frightening to think that this big Swiss bank could face criminal charges. As big an issue as this is, though, people who have been watching developments since the UBS case are hardly surprised. In fact, it's been clear for some time that Credit Suisse has been dealing with this, including responding to U.S. requests for information, including subpoenas.

Credit Suisse has the advantage of having watched the situation with UBS play out. UBS was a kind of unhappy pioneer. As with UBS, the investigation of Credit Suisse concerns historical private banking services provided on a cross-border basis to U.S. persons. As part of this process, on July 14, 2011, Credit Suisse received a letter notifying it that it is a target of the Justice Department investigation.

Category:

News & Politics

Tags:

• DOJ
• Investigating
• Credit Suisse
• Tax Lawyer
• Robert Wood

[hrustygmail]

OK let's give our buddies over UBS HSBC and Credit Suisse trillions then we can fine them dimes on the dollar and save face with american public.

The world is tired of the same US govt self dealing narrative.....Change the story line Turbo Timmy.