Former Wegelin Banker Held By FBI Admitted to Aiding Tax Evasion
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A former director of Wegelin & Co AG was held by the FBI in the U.S., where he admitted to money-laundering charges, the Swiss private bank said.
Wegelin spokeswoman Albena Bjoerck confirmed a report in SonntagsZeitung saying the 41-year-old was arrested at Miami airport in October 2010 and later convicted. He returned to Switzerland on Oct. 27 and the bank fired him in late February, the paper said.