The Swiss bank also hired Mr. Ray, then a partner at Kings & Spalding, to work as the head of the Criminal Division of the Justice Department in Washington and oversee the Enron task force. (Mr. Ray became director of the FBI three years after negotiating a final petition for Credit Suisse).
“It’s a mystery to me why the US government didn’t need part of the agreement that the bank cough up some of the names of American customers with secret Swiss bank accounts,” Carl Levine, then a Michigan senator, led an investigation Is said to be in defense of offshore tax, following the 2014 plea agreement.
In the interview, the whistle-blower’s lawyer, Mr. Neiman, stated that in July 2014, after the plea agreement was signed and as Credit Suisse awaited its final conviction, he told officers in the Tax Division of the Department of Justice Told and the federal prosecutor who worked on the case that his client was aware that the bank continued to deposit money with some US account holders. He gave him a name in particular – Dan Horski, retired business professor who lived in Rochester, NY
Tip checked. The following year, federal agents arrested Mr. Horsky, who had earned a fortune of $ 200 million and disguised it with the help of offshore shell companies, Credit Suisse bankers using court documents. The arrangement lasted for several months after the bank signed its petition.
It is unclear why the Department of Justice did not notify the court and changed the terms of its settlement with Credit Suisse based on Whistle-Blower’s information – either before Credit Suisse’s final conviction or Mr. Horski’s case. After going public. While sentencing, lawyers on both sides told the court that they had no information to add that would affect the settlement.
Officials who would have the right to decide to review the Credit Suisse case for possible violations in 2014 and 2015 – James Cole, who was deputy attorney general at the time, and Dana Boente, US attorney in the Eastern District of Virginia – for comment Did not respond to requests.
In 2015, Mr. Horsky pleaded guilty to defrauding the US government and said he would cooperate with prosecutors. In 2017, he was Sentenced Seven months in prison. Some details of his sentence are sealed, and a federal judge denied a request from Bloomberg News. The judge said he refused the request after consulting with the Department of Justice and Mr. Horsky’s attorneys.
If prosecutors proceed to impose more fines on Credit Suisse, Mr. Neiman’s client could be rewarded en masse. Under a IRS rules; And, Mr. Neiman said, the whistle blower has names of American account holders ahead of Mr. Horski, although he would not say how many.