Economy

xchrom

(108,903 posts)

34. Justice Department calls Swiss Bank a "fugitive"

Sat Feb 11, 2012, 08:36 AM

Feb 2012

http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2012/02/10/national/a144412S39.DTL&type=business

The Justice Department is calling Switzerland's largest private bank a fugitive from justice after it didn't show up for a court hearing in New York.

The bank was indicted on Feb. 2. Since then, U.S. officials haven't found a way to move the case forward.

Wegelin & Co. is charged with conspiring with American clients to hide $1.2 billion from the Internal Revenue Service.

In a statement issued in Switzerland after the court hearing, the bank said it had not been properly served with the criminal summons. It said it was therefore under no obligation to appear in court. As for the charges, the bank suggested that there was a conflict between US and Swiss law.

Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2012/02/10/national/a144412S39.DTL#ixzz1m4myJKPK

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

86 replies

= new reply since forum marked as read

Highlight:

Weekend Economists Enumerate the Wealth of Nations, February 10-12, 2012 [View all] Demeter Feb 2012 OP

It IS Euchre Night, Folks Demeter Feb 2012 #1

Damn, I haven't played Euchre since I left Ohio State back in 1981... WCGreen Feb 2012 #9

I had some good cards last night Demeter Feb 2012 #22

the blizzard that hit Columbus in 1978 really helped to hone my game... WCGreen Feb 2012 #38

The Snow Didn't Amount to Much Out Here Demeter Feb 2012 #43

6 PM EST and NO BANKS DOWN--yet Demeter Feb 2012 #2

2 BANKS DOWN THIS WEEKEND--TOTAL LOSS: $51.3m Demeter Feb 2012 #10

The Grexit is coming sooner or later girl gone mad Feb 2012 #3

Greek police union wants to arrest EU/IMF officials girl gone mad Feb 2012 #4

shouldn't be any shortage of willing hotel staff Po_d Mainiac Feb 2012 #7

Greece Will Again Be the Cradle of Democracy Demeter Feb 2012 #11

Yes! Yes!! YES!! (n/t) bread_and_roses Feb 2012 #40

I would bet on sooner rather than later Owlet Feb 2012 #6

Marshall Auerback: Greece and the Rape by the Rentiers Demeter Feb 2012 #17

Greek People Start 48-Hour National Strike Demeter Feb 2012 #23

Political resignations and general strikes hit Greece xchrom Feb 2012 #35

Greek Endgame in Sight posted by Philomila Tsoukala Demeter Feb 2012 #58

Athens is burning. girl gone mad Feb 2012 #84

Been there, done that Demeter Feb 2012 #86

Video of Yves Smith on today's Democracy Now!, with Amy Goodman. Fuddnik Feb 2012 #5

Central Bankers are never wrong Po_d Mainiac Feb 2012 #8

Today's Central Banksters Are Either Idiots or Crooks Demeter Feb 2012 #12

I assure you, they are not idiots. Tansy_Gold Feb 2012 #68

Synopsis: The Wealth of Nations Demeter Feb 2012 #13

BOOK 1 Continues Demeter Feb 2012 #14

Ballmer (MICROSOFT) Expects "A Fundamental Economic Reset� CONGRESSIONAL TESTIMONY Demeter Feb 2012 #15

Thanks for this, Demeter hamerfan Feb 2012 #69

Of course you love this company Steve. It has made you very rich. n/t Hotler Feb 2012 #82

"The American workforce is the best on the planet" Hotler Feb 2012 #83

Mortgage Settlement Term Sheet: Bailout as Reward for Institutionalized Fraud Demeter Feb 2012 #16

What the Mortgage Deal Reveals About The Obama Administration Demeter Feb 2012 #18

What the Mortgage Deal In The Works Reveals About The Obama Administration Demeter Feb 2012 #19

TALK ABOUT DELUSIONAL! Demeter Feb 2012 #20

This Is No Bailout for Main Street America Demeter Feb 2012 #24

Why Millions Won�t Get Help From Big Mortgage Settlement Demeter Feb 2012 #25

Gov. Scott Walker To Use Foreclosure Settlement Money To Balance His Budget, Not Help Homeowners Demeter Feb 2012 #26

How to Occupy the Economy, According to Richard Wolff Demeter Feb 2012 #29

TANSY GOLD: THIS ONE IS FOR YOU! Demeter Feb 2012 #30

I will take a look/listen later Saturday afternoon Tansy_Gold Feb 2012 #47

what Could Be Better Than Dilbert? Demeter Feb 2012 #21

#1 = me, x 20,000,000,000,000 or so n/t Tansy_Gold Feb 2012 #48

Nuclear Regulatory Commission Ignores Fukushima, Green-Lights First New Reactors in 34 Years Demeter Feb 2012 #27

On the News With Thom Hartmann: Spencer Bachus Investigated for Insider Trading, and More Demeter Feb 2012 #28

good morning... xchrom Feb 2012 #31

since the weather got mentioned --Weekend Storm Looms for U.S. Northeast xchrom Feb 2012 #32

i stole this from n2doc: Ultrafast Trades Trigger Black Swan Events Every Day, Say Econophysicists xchrom Feb 2012 #33

Justice Department calls Swiss Bank a "fugitive" xchrom Feb 2012 #34

This is a look over here ruse because Switzerland is one of many and not the biggest. n/t kickysnana Feb 2012 #49

They haven't forked over the bribe (translation) Demeter Feb 2012 #59

MF Global: Trail Growing Cold - 'No One to Blame"' DemReadingDU Feb 2012 #36

Mack the Knife DemReadingDU Feb 2012 #37

Unaccountable ECB creates a genuine democratic deficit in EU xchrom Feb 2012 #39

DON'T READ THIS IF YOU'RE FEELING SUICIDAL: Obama�s Worst Year Demeter Feb 2012 #41

That was a good read and a sad read all at the same time. I could just imagine... Hotler Feb 2012 #78

King of UAW wants to have his cake and eat it too bread_and_roses Feb 2012 #42

WOW Demeter Feb 2012 #44

"Labor and management can accomplish more by working together: Fuddnik Feb 2012 #63

"That's the language of a serf." bread_and_roses Feb 2012 #64

Mortgage Settlement as AG Sellout: Deal NOT Done, Final Guaranteed Worse Than Advertised Demeter Feb 2012 #45

It's Nothing We Haven't Seen Before Demeter Feb 2012 #46

+1000000000 kickysnana Feb 2012 #50

Some recession-hit horse owners freeing animals into wild herds Demeter Feb 2012 #51

Petrol 3-Month Rolling Ave. Sharply Lower; Neg. Shipping Rates; Collapse in Global Trade Demeter Feb 2012 #52

A Combination of Speculation-Driven Oil Prices and Wage Depression will do that Demeter Feb 2012 #54

�Good life does not come easily in Lithuania� xchrom Feb 2012 #53

Negative Shipping Rents Demeter Feb 2012 #55

Richard Nixon gets it / Edward Harrison Demeter Feb 2012 #56

S&P downgrades 34 Italian banks xchrom Feb 2012 #57

MF Global Trustee Sees $1.6 Billion Customer Shortfall (DEFICIT CLIMBING STILL) Demeter Feb 2012 #60

Mind-Blowing Charts From the Senate's Income Inequality Hearing Demeter Feb 2012 #61

Lanny Breuer�s Theory of Chatting Accountability for CEOs Demeter Feb 2012 #62

The wealth of the U.S.A.: It's all about oil... rfranklin Feb 2012 #65

Are 'sweatshops' an economic necessity? Demeter Feb 2012 #66

SO, WHAT MAKES A NATION WEALTHY? Demeter Feb 2012 #67

bon jour! xchrom Feb 2012 #70

I never pay attention to Fashion Week, lol DemReadingDU Feb 2012 #72

there's probably 3 serious fashionistas on du. xchrom Feb 2012 #73

Nope. snot Feb 2012 #79

oh cool! i like ny times, london telegraph, xchrom Feb 2012 #80

Thanks! I'll check 'em out. snot Feb 2012 #85

Soros: Greek Bailout Won�t Rid Europe of �Danger� xchrom Feb 2012 #71

Bankers arrested in tax probe {uk} xchrom Feb 2012 #74

You See, Tax Evasion is Theft from the Politicians' Power and Influence Demeter Feb 2012 #75

well said. nt xchrom Feb 2012 #76

In 'Money Shot,' Poet Reacts to Financial Crisis in Verse xchrom Feb 2012 #77

Well, the Party was a great success Demeter Feb 2012 #81