(Bloomberg) The founder of a Swiss trust company that U.S. prosecutors say worked with Credit Suisse Group AG to help American clients evade taxes pleaded guilty in Virginia, increasing pressure on the bank as it tries to resolve a Justice Department criminal probe.
Josef Dorig, 72, admitted today in federal court in Alexandria that he helped U.S. clients of the bank cheat the Internal Revenue Service by opening secret accounts under the names of nominees in tax havens. He was indicted in 2011 with seven Credit Suisse bankers on a charge of conspiring to help the bank’s U.S. clients hide $4 billion from the IRS.
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