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https://www.justice.gov/opa/pr/swiss-bank-indicted-us-tax-charges
May 23, 2016 · The civil forfeiture complaint and the related seizure warrant arise out of Wegelin’s use of its correspondent bank account to help U.S. taxpayers with undeclared accounts repatriate money that they had hidden at the Swiss bank. This was often done …
https://www.reuters.com/article/us-swissbank-wegelin-idUSBRE9020O020130104
Jan 04, 2013 · Under its plea, Wegelin agreed to pay the $20 million in restitution to the IRS as well a civil forfeiture of $15.8 million, the Justice Department said. Wegelin also agreed to pay an additional $22.05 million fine, the Justice Department said. U.S. District Judge Jed Rakoff, who must approve the monetary penalties,...
https://www.justice.gov/archive/usao/nys/pressreleases/April12/wegelinforfeiture.html
On the same day that WEGELIN was indicted, the Government filed an in rem forfeiture complaint (the “Complaint”) against the funds in WEGELIN’s correspondent account here in the United States, which was maintained at UBS AG in Stamford, Connecticut (the “Stamford Account”).
https://www.offshorealert.com/wegelin-and-co-ubs-forfeiture.aspx
Forfeiture Complaint by USA v. All Funds at UBS AG Held in the name of Swiss private bank Wegelin & Co., filed at the U. S. District Court for the Southern District of New York. Daily news, documents and intelligence about Offshore Financial Centers and those who conduct business in them that you will not find anywhere else.
https://www.justice.gov/archive/usao/nys/pressreleases/February12/wegelinindictment.html
The civil forfeiture Complaint and the related arrest warrant in rem arise out of WEGELIN’s use of its correspondent bank account to help U.S. taxpayers with undeclared accounts repatriate money that they had hidden at WEGELIN. This was often done in a manner designed to …
https://www.justice.gov/archive/usao/nys/pressreleases/February12/weglin/wegelincivilcomplaint.pdf
forfeiture took place in the Southern District of New York. III. PROBABLE CAUSE FOR FORFEITURE Background Wegelin Bank and Its Co-Conspirators 5. At all times relevant to this Complaint, Wegelin was a Swiss private bank with offices only in Switzerland. Its headquarters were located in …
https://www.cnbc.com/id/100353633
Jan 04, 2013 · Wegelin, the oldest Swiss private bank, said on Thursday it would shut its doors permanently after more than 2 1/2 centuries, following its guilty plea to charges of helping wealthy Americans evade taxes through secret accounts. The plea, in U.S.
https://www.theglobeandmail.com/report-on-business/international-business/european-business/storied-swiss-bank-to-close-after-pleading-guilty-in-us-tax-evasion-case/article6894399/
Jan 03, 2013 · Last year, the U.S. government separately seized more than $16-million of Wegelin funds held in a UBS AG account in Stamford, Conn., via a separate civil forfeiture complaint.
https://www.justice.gov/usao-sdny/pr/court-authorizes-irs-seek-records-ubs-relating-us-taxpayers-swiss-bank-accounts
In addition, Wegelin also agreed to a civil forfeiture of $32 million, $16.2 million of which was seized and forfeited by the Government from Wegelin’s correspondent account with UBS in Stamford, Connecticut (the “Correspondent Account”) in April 2012.
https://www.treasury.gov/resource-center/terrorist-illicit-finance/Asset-Forfeiture/Documents/FY%202012%20Annual%20Report.pdf
Forfeiture Complaint, Wegelin, Switzerland’s oldest bank, founded in 1741, provided private banking, asset management and other services to clients around the world, including U.S. taxpayers living in the Southern District of New York.
https://www.acfcs.org/historic-us-indictment-of-swiss-bank-for-aiding-us-tax-evasion-lays-foundation-for-more/
The civil forfeiture complaint says the bank’s “managing partners… affirmatively decided to take advantage of the flight of US taxpayer-clients from UBS.” Wegelin managers instructed employees to approach those customers and depict the bank as a safe alternative for US tax evaders.
https://www.marketscreener.com/UBS-AG-9365071/news/Swiss-bank-Wegelin-to-close-after-guilty-plea-15736084/
Last year, the U.S. government separately seized more than $16 million of Wegelin funds in a UBS AG account in Stamford, Connecticut, via a civil forfeiture complaint. Since Wegelin has no branches outside Switzerland, it used UBS for correspondent banking services, a standard industry practice, to handle money for U.S.-based clients.
https://www.foxbusiness.com/features/swiss-bank-wegelin-to-close-after-u-s-tax-evasion-fine
Last year, the U.S. government separately seized more than $16 million of Wegelin funds in a UBS AG account in Stamford, Connecticut, via a civil forfeiture complaint.
https://www.telegraph.co.uk/finance/financial-crime/9779250/Switzerlands-oldest-bank-Wegelin-pleads-guilty-to-helping-US-citizens-evade-tax.html
Jan 03, 2013 · Last year, the US government seized more than $16m of Wegelin funds held in a UBS account in Stamford, Connecticut, via a separate civil forfeiture complaint. Because Wegelin has …
https://www.acfcs.org/guilty-plea-by-swiss-bank-with-no-us-presence-sets-mark-in-us-global-tax-evasion-attack/
In 2005, Wegelin “hid approximately $240 million in undeclared assets… (and) by 2010, this amount rose to at least $1.2 billion,” the forfeiture complaint states. The bank’s profits were short-lived. Just days before Wegelin was indicted, its managing partners decided to sell it.
https://www.hsdtaxlaw.com/court-allows-irs-to-serve-summons-on-ubs-seeking-data-on-wegelin-customers
According to the Government’s Indictment and forfeiture Complaint, Wegelin and at least two other Swiss banks used Wegelin’s Correspondent Account to covertly launder U.S. taxpayers’ funds from their undeclared accounts in Switzerland.
https://www.samaa.tv/economy/2013/01/swiss-bank-wegelin-to-close-after-guilty-plea/
Jan 04, 2013 · US District Judge Jed Rakoff, who must approve the monetary penalties, set a hearing in the case for March 4 for sentencing.Last year, the US government separately seized more than $16 million of Wegelin funds in a UBS AG account in Stamford, Connecticut, via a civil forfeiture complaint.Since Wegelin...
https://abajianlaw.com/fbar/wegelin-co-abandons-16-million-to-united-states-treasury-in-alleged-secret-offshore-bank-account-case/
The allegations contained in the civil forfeiture Complaint and seizure warrant are merely accusations. At Abajian Law we believe that what transpired with Wegelin is a prime example of the United State Government’s expanding reach, ability,...
https://www.newsmax.com/Finance/FinanceNews/Swiss-Bank-US-Tax-Evasion/2013/01/03/id/469966/
As part of the plea, Wegelin agreed to pay the $20 million in restitution to the IRS as well a civil forfeiture of $15.8 million, the U.S. Justice Department said. Wegelin also agreed to pay an additional $22.05 million fine, the Justice Department said.
https://www.lexisnexis.com/LegalNewsRoom/financial-fraud-law/b/blog/posts/swiss-bank-forfeits-16-million-to-us-in-tax-fraud-case
Switzerland’s oldest bank, which allegedly conspired to hide more than $1.2 billion from the IRS, has forfeited over $16 million to the U.S. government...
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