Peter Amrein, former client advisor at a Swiss bank and a former asset manager at a Swiss asset management firm, pleaded guilty to conspiring with US taxpayers to hide assets from the Internal Revenue Service (IRS) in offshore accounts reports the US Department of Justice (DoJ). P. Amrein pleaded ‘guilty before U.S. District Judge Sidney H. Stein of the Southern District of New York pursuant to a plea agreement to one count of conspiracy to defraud the IRS, to evade federal income taxes and to file false federal income tax returns’.
As a client advisor at a Swiss bank and, later, as an asset manager at a Swiss asset management firm (the Swiss Asset Management Firm). In those roles, between 1998 and 2012, Amrein helped U.S. taxpayers evade taxes and hide millions of dollars in undeclared accounts at various Swiss banks, including Wegelin & Co
P. Amrein faces a maximum sentence of five years in prison at his July 1 sentencing.
Between 1998 and 2012, P. Amrein helped U.S. taxpayers evade taxes and hide millions of dollars in undeclared accounts at various Swiss banks, including the now dissolved Wegelin & Co. For example, he worked with an attorney based in Zurich, to establish sham foundations, which were organized under the laws of Liechtenstein.