Stefan Buck, ex-head of private banking of Bank Frey & Co. in Switzerland -which closed down in 2013 and executive board member, was indicted in April 2013, together with Edgar Paltzer, for conspiring to help wealthy clients hide millions of dollars from the Internal Revenue Service (IRS). In November 2014 he asked for a bail hearing without having to appear in court and requested a waiver that would allow him to return to Switzerland while the case was ongoing. The bail was denied by judge Victor Marrero.

Now S. Buck is said to be preparing his US trip and court appearance reports the NZZ. He intends to plea ‘not guilty’ which is a different approach than other bankers who went on trial.