Former Credit Suisse Banker, Andreas Bachmann and Josef Dorig, were sentenced to 5 years of unsupervised probation. They stood accused of having helped US wealthy citizens avoid paying taxes to the Inland Revenue Service (IRS) by using Swiss accounts.
US District Court judge in Alexandria, Virginia, Gerald Bruce Lee also ordered them to pay fines. The two Swiss nationals, aged 73 and 57, will have to pay a fine of respectively $ 100k and 125k says reports CNBC.
They went voluntarily to the US in 2014 to face charges, pleaded guilty and have been cooperating with the US Justice Department (DoJ) to build the case against Credit Suisse.