Swiss Bank Banque Pictet Admits to Hiding $5.6 Billion from IRS, Settles for $122.9 Million
In a shocking revelation, Banque Pictet, the private banking arm of the venerable Pictet Group, has confessed to conspiring with U.S. taxpayers to hide a staggering $5.6 billion from the Internal Revenue Service (IRS). The Department of Justice (DOJ) announced the agreement on Monday, shedding light on the Swiss bank’s extensive efforts to facilitate tax […]