Posted by Larry Doyle on May 16th, 2014 10:40 AM |
Credit Suisse is widely speculated to be close to pleading guilty to charges that it facilitated tax evasion for selected American clients.
Pretty heavy stuff indeed.
Truth be told, though, I really think this expected guilty plea by Credit Suisse is more a desired outcome for the DOJ looking for a specific offense rather than a natural progression of an investigation. If that were the case, then the DOJ should have already had a number of guilty pleas and a host of them in the on deck circle.
But let’s take this expected guilty plea on the part of Credit Suisse to the next step. What does it mean? (more…)