The three allegedly instructed prospective U.S. clients that their account information would be safe at Wegelin!

Credit Suisse begins notifying their U.S. clients with undisclosed offshore accounts that they intend to turn-over client data to the IRS.

Multibillion-dollar settlement to U.S. authorities proposed by Swiss government.

European banks ready to pay billions to the United States, as well as disclose U.S. clients’ names to the Internal Revenue Service (IRS) and the Department of Justice (DOJ).

This exchange of information could give U.S. agencies evidence to open criminal investigations against U.S. taxpayers with undisclosed offshore banks accounts.