NEW YORK (AP) — The U.S. Justice Department called Switzerland’s largest private bank a fugitive from justice on Friday after it didn’t send any representatives to a court hearing in New York, where it has been charged with conspired with American clients to hide $1.2 billion from the Internal Revenue Service.
Wegelin & Co. is accused of helping at least 100 U.S. clients conceal huge sums of money from the IRS in overseas accounts. Federal prosecutors said the bank recruited American customers who were concerned about possible prosecution for tax violations at home, including some that had already pulled money out of other Swiss banks because of growing pressure from U.S. law enforcement. Three of the bank’s client advisers were indicted in January. The bank was added as a defendant in the case on Feb. 2
Funny how the left isn’t screaming bloody murder about the sovereignty of a foreign nation when that nation’s financial institutions are helping Americans protect their property from “nationalization” by the state.
I guess the left only believes in the sovereignty of other nations when they are sponsors of terrorism with long-standing WMD programs.