Credit Suisse Said to Hold Accounts for Latest U.S. Tax Felon

Updated on
  • Dan Horsky admits using offshore accounts to hide $200 million
  • Horsky agrees to pay U.S. a civil penalty of $100 million

A logo sits on the window of a Credit Suisse Group AG branch in Lugano, Switzerland.

Photographer: Akos Stiller/Bloomberg

An emeritus professor of business administration in Rochester, New York, pleaded guilty to hiding $200 million in assets from the Internal Revenue Service by using offshore accounts at a bank that people familiar with the matter identified as Credit Suisse Group AG.

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