The Central Bank Wegelin & Co in St. Gallen, Switzerland is shown on Jan. 27, 2012. (Photo Ennio Leanza / Keystone / File)

Cracking Down On Tax Shelters, Swiss Bank Pays $74M In Fines

(MintPress) – Wegelin & Company, the oldest bank in Switzerland, admitted Thursday to helping wealthy Americans shelter more than $1.2 billion in one of the largest known cases of tax fraud in U.S. history. As part of the plea deal, representatives from the Swiss bank agreed to pay $74 million in fines — significant but largely […]