Violation Tracker Individual Record

Company: 
Wegelin & Co
Current Parent Company: 
Wegelin & Co
Penalty: 
$74,000,000
Year: 
2013
Date: 
January 3, 2013
Offense Group: 
financial offenses
Primary Offense: 
tax violations
Violation Description: 

Wegelin & Co., a Swiss private bank, pleaded guilty for conspiring with U.S. taxpayers and others to hide more than $1.2 billion in secret Swiss bank accounts and the income generated in these accounts from the Internal Revenue Service.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Justice Department Tax Division
Civil or Criminal Case: 
criminal
HQ Country of Parent: 
Switzerland
Ownership Structure of Parent: 
out of business
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.