Credit Suisse Banker Helped Cheat IRS While at UBS
This article is for subscribers only.
Credit Suisse Group AG banker Christos Bagios helped 150 American clients hide as much as $500 million in assets from U.S. tax authorities when he worked at UBS AG, according to a criminal charge made public yesterday.
Bagios, who was arrested and jailed Jan. 26 in a crackdown on offshore tax evasion, appeared yesterday in federal court in Fort Lauderdale, Florida. U.S. Magistrate Judge Robin Rosenbaum denied his request for his immediate release after his lawyers argued he failed to get a prompt hearing on the evidence against him.