Ex-Credit Suisse Banker Bagios Barred From Leaving U.S.
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Christos Bagios, the former banker at UBS AG and Credit Suisse Group AG who was arrested in January 2011 amid a crackdown on offshore tax evasion, may not leave Florida to visit Switzerland and Greece, a U.S. judge ruled.
U.S. Magistrate Judge Lurana S. Snow yesterday denied a bid by Bagios, 45, to modify his bail and visit his family in Switzerland and his ailing mother in Greece. Prosecutors charged him with helping 150 American clients hide as much as $500 million from U.S. tax authorities when he worked at UBS, where he spent 15 years before joining Credit Suisse in 2009.