Credit Suisse AG, which pleaded guilty yesterday to helping Americans evade taxes, has so far avoided identifying thousands of customers who cheated the Internal Revenue Service. Instead, it promised to point investigators in the right direction.
The Justice Department didn’t blink in its pursuit of a guilty plea from Credit Suisse AG for helping thousands of Americans evade taxes. What prosecutors accomplished with the criminal conviction -- the first of a major bank in a decade -- isn’t as clear.
Credit Suisse Group AG is close to reaching an agreement to plead guilty and pay about $2.5 billion to the U.S. Justice Department and regulators to resolve investigations into whether it helped Americans evade taxes, three people familiar with the matter said.