France, Germany tax evasion inquiries target Swiss bank clients

[BlueToTheBone]

http://www.latimes.com/news/nationworld/world/la-fg-europe-banker-raids-20120712,0,6147753.story

PARIS — France and Germany have launched a series of raids on the offices and homes of bank officials and their wealthy customers in an ongoing inquiry aimed at cracking down on those who evade taxes by using Swiss banks.

On Tuesday, German police searched the homes of an unspecified number of Credit Suisse bank customers suspected of tax evasion. In France, detectives raided the offices of Swiss banking and finance house UBS in three major cities: Lyon, Bordeaux and Strasbourg.
snip
The homes of several high-ranking UBS employees in Strasbourg were also searched Tuesday, according to a French police source. The French prosecutor's office refused comment, saying the investigation was ongoing. The bank said it would cooperate.

Authorities here have cast a spotlight on UBS since 2009, when the U.S. and Swiss governments reached a settlement in the United States' efforts to get the names of thousands of wealthy Americans suspected of evading taxes by banking with the Swiss giant.

In Germany, tax officials are investigating about 5,000 clients of Credit Suisse over Bermuda-based life insurance products used by some wealthy clients to avoid taxes. The bank insisted it stopped selling the products in 2009.


Interesting...2009 comes to the forefront again in the timeline of bankster crime.

[pnwmom]

1. K & R.

[DCKit]

2. Is there any doubt that some of the >1,500 wealthy U.S. citizens who surrendered their citizenship..

landed in France or Germany?

They must feel hounded and persecuted beyond belief at this point.