Ex-Credit Suisse bankers spared prison in US tax evasion case
WASHINGTON: A US judge on Friday decided not to require prison time for two former Credit Suisse Group AG bankers who pleaded guilty to helping US customers evade taxes by using Swiss accounts.
US District Court Judge Gerald Lee sentenced Andreas Bachmann and Josef Dorig to serve five years of unsupervised probation and ordered them to pay fines.
Bachmann and Dorig both pleaded guilty last spring to conspiring to defraud the US Internal Revenue Service.
Their plea deals were part of a long-running probe by US officials into Americans who hid assets in Swiss bank accounts to avoid paying taxes.
Bachmann and Dorig both could have faced prison time for their crimes. But the US Justice Department asked the judge to sentence them to probation instead.
The case is US v. Bachmann et al, US District Court, Eastern District of Virginia, No. 11-cr-00095. a
