Discover Yahoo! With Your Friends

Explore news, videos, and much more based on what your friends are reading and watching. Publish your own activity and retain full control.

To get started, first

YOUR FRIENDS' ACTIVITY

    Justice Department calls Swiss Bank a 'fugitive'

    NEW YORK (AP) — The Justice Department is calling Switzerland's largest private bank a fugitive from justice after it didn't show up for a court hearing in New York.

    Wegelin & Co. is charged with conspiring with American clients to hide $1.2 billion from the Internal Revenue Service.

    The bank was indicted on Feb. 2. Since then, U.S. officials haven't found a way to move the case forward.

    Wegelin doesn't have an office in the U.S.

    The bank was summoned to appear before a federal judge at 3 p.m. Friday, but no one showed.

    The judge presiding over the case asked prosecutors for a proposal on what to do next. The hearing ended without any immediate resolution.

    An attorney said to represent the bank didn't return a phone message from the AP.

     

    28 comments

    • ds  •  Beaverton, Oregon  •  3 mths ago
      what? swiss refuse to obey our laws while they are in their country?

      shocked!
    • david  •  Los Angeles, California  •  3 mths ago
      and? why would a bank with no ties to the u.s. show up?
    • Thaddeus  •  3 mths ago
      The judge presiding over the case asked prosecutors for a proposal on what to do next. The hearing ended without any immediate resolution....... Not a thing they have the legal ability to do... How do you charge someone in the USA when they are not in the USA nor committed a crime in the USA???
      • Telestai 3 mths ago
        When all else fails, call them names.
    • The Constitution  •  3 mths ago
      Since when does a bank in another country have to abide by laws in the USA ? At least their banks aren't going bankrupt. Nobody in the USA has any right to "demand" anybody in another country to "come to court in the USA." Why isn't Eric Holder , our Attorney General, in court defending himself against charges for "fast and Furious" and "failure to Defend the D.O.M. Law" that was passed by Congress ? Neither a President , nor an Attorney General has any authority to decide any Law is,or is not Unconstitutional. That is to be decided by the Supreme Court.
    • Mike  •  3 mths ago
      That's calling a spade a spade.
    • Thaddeus  •  3 mths ago
      Wegelin & Co no longer exists... Does the DOJ not keep up with the news... I knew this last week. Two middle fingers to the DOJ...
    • Bob  •  3 mths ago
      GEE........ the I.R.S. isn't happy illegally swindling millions of dollars from American citizens. Guess they have been watching other corporate entities rape, kill, and rob the world at will. Sooo why not join in.......... at least they didn't try the weapons of mass destruction line again?!
    • John  •  3 mths ago
      This is an interesting case because the IRS' clout only worked when the bank did business in the US. We may see more of these private banks pop up in Switzerland with no ties to the US.
    • Scott  •  Livingston, New Jersey  •  3 mths ago
      Since when does the Swiss have to answer to America the last time i checked they were a soverign country and after all the shenanigans they have pulled ( fast and furius, sueing Ar ECT,ECT, ECT )What arrogant POS these people are.
      • N 3 mths ago
        I am Swiss, and I think it's dishonest for my country to help American multi-millionnaires evade paying taxes in their country.
      • Scott 3 mths ago
        I seriusly doubt that you are Swiss.They earned there $ by hard work what gives the socialist,s in DC the right to demonise hard working people they arlready pay taxes on that $ so #$%$ OFF
    • dennis  •  Montesano, Washington  •  3 mths ago
      The banks have many fugitives ,Congress should be arrested for aiding and obstrection of juistce!!!
    • Telestai  •  Atascadero, California  •  3 mths ago
      Is the Justice Department familiar with the cliche "Sticks and stones may break my bones, but names will never hurt me"? This reads like the scene from Hot Shots when Sheen and Elwes square off and yell, "Did not!" "Did TOO!" "Not, not, not!" "Too, too, TOO!"
    • Lady_NBlue2  •  New York, New York  •  3 mths ago
      What actions will be taken against all of the criminals crossing borders into the U.S. daily? Shouldn't we be more worried about that, since many employers here in this Country are also stealing money from the IRS...Paying illegal workers cash and under the table? 70% of new jobs produced the year of 2011 went to illegal aliens and immigrants...Google the information and read about it and wonder why States are not allowed to enforce laws against those residing in our Country unlawfully.
    • Ms.Marion  •  Hanford, California  •  3 mths ago
      Congress will just find a new place to hide there ill begotten Coin ! tata
    • Trystam Bhale  •  3 mths ago
      So who is charged here, an entire bank or just the top executives /owners of the bank? If they refuse to go to USA can they be extradited? If they are found to be guilty, will they spend jailtime?

      I think this is like the story of Don Quixote.
    • Mike  •  3 mths ago
      We really need to learn to mind our own business.
    • Eric  •  3 mths ago
      wahhh the IRS isn't getting their tax money? cry me a river, build a bridge, and get over it. screw the justice department and the IRS, they've been illegally taking your money for years.
      • Mike 3 mths ago
        We have to pay for the prisons for people like you somehow
      • Eric 3 mths ago
        actually, you're paying for my military salary, so thanks for that!
    • kol  •  Bend, Oregon  •  3 mths ago
      oh I think ! enough loop holes are avaibile for the rich ! If they send there earnings to a forgain to avoid the same income taxes I have to pay. Pigs squeel !!!
      • Mike 3 mths ago
        wow. You can't even use the simple spell check when typing ? You're either a 5th grader or never got beyond the 5th grade
    • PAT'R EMON  •  Irvine, California  •  3 mths ago
      Why doesnt the IRS and DOJ do thier job and go after the people hiding income here in the states...Oh, budget cuts...
    • weldrider  •  Irvine, California  •  3 mths ago
      Swiss Bank......Well, That was easy.
    • e  •  Kansas City, Missouri  •  3 mths ago
      Send in Seal Team 6 and bring their butts back here to face the American people.
      • Thaddeus 3 mths ago
        And whom would you bring back?? The bank no longer exists and it never existed in America...
      • Robert 3 mths ago
        Real seals are smarter than the American military kind, at least they do not blindly follow criminal orders like killing someone without due process in his bedroom.
      • Eric 3 mths ago
        face the americans? like, the american clients who put their money there in the first place? heaven forbid that somebody keep their money somewhere besides america
    [ [ [['Connery is an experienced stuntman', 2]], 'http://yhoo.it/KeQd0p', '[Slideshow: See photos taken on the way down]', ' ', '630', ' ', ' ', ], [ [['Connery is an experienced stuntman', 7]], ' http://yhoo.it/KpUoHO', '[Slideshow: Death-defying daredevils]', ' ', '630', ' ', ' ', ], [ [['know that we have confidence in', 3]], 'http://yhoo.it/LqYjAX ', '[Related: The Secret Service guide to Cartagena]', ' ', '630', ' ', ' ', ], [ [['We picked up this other dog and', 5]], 'http://yhoo.it/JUSxvi', '[Related: 8 common dog fears, how to calm them]', ' ', '630', ' ', ' ', ], [ [['accused of running a fake hepatitis B', 5]], 'http://bit.ly/JnoJYN', '[Related: Did WH share raid details with filmmakers?]', ' ', '630', ' ', ' ', ], [ [['accused of running a fake hepatitis B', 3]], 'http://bit.ly/KoKiqJ', '[Factbox: AQAP, al-Qaeda in Yemen]', ' ', '630', ' ', ' ', ], [ [['have my contacts on or glasses', 3]], 'http://abcn.ws/KTE5AZ', '[Related: Should the murder charge be dropped?]', ' ', '630', ' ', ' ', ], [ [['have made this nation great as Sarah Palin', 5]], 'http://yhoo.it/JD7nlD', '[Related: Bristol Palin reality show debuts June 19]', ' ', '630', ' ', ' ', ], [ [['have made this nation great as Sarah Palin', 1]], 'http://bit.ly/JRPFRO', '[Related: McCain adviser who vetted Palin weighs in on VP race]', ' ', '630', ' ', ' ', ], [ [['A JetBlue flight from New York to Las Vegas', 3]], 'http://yhoo.it/GV9zpj', '[Related: View photos of the JetBlue plane in Amarillo]', ' ', '630', ' ', ' ', ], [ [['the 28-year-old neighborhood watchman who shot and killed', 15]], 'http://news.yahoo.com/photos/white-house-stays-out-of-teen-s-killing-slideshow/', 'Click image to see more photos', 'http://l.yimg.com/cv/ip/ap/default/120411/martinzimmermen.jpg', '630', ' ', 'AP', ], [ [['Titanic', 7]], 'http://news.yahoo.com/titanic-anniversary/', ' ', 'http://l.yimg.com/a/p/us/news/editorial/b/4e/b4e5ad9f00b5dfeeec2226d53e173569.jpeg', '550', ' ', ' ', ], [ [['He was in shock and still strapped to his seat', 6]], 'http://news.yahoo.com/photos/navy-jet-crashes-in-virginia-slideshow/', 'Click image to see more photos', 'http://l.yimg.com/cv/ip/ap/default/120406/jet_ap.jpg', '630', ' ', 'AP', ], [ [['xxxxxxxxxxxx', 11]], 'http://news.yahoo.com/photos/russian-grannies-win-bid-to-sing-at-eurovision-1331223625-slideshow/', 'Click image to see more photos', 'http://l.yimg.com/a/p/us/news/editorial/1/56/156d92f2760dcd3e75bcd649a8b85fcf.jpeg', '500', ' ', 'AP', ] ]
    [ [ [['did not go as far his colleague', 8]], '29438204', '0' ], [ [[' the 28-year-old neighborhood watchman who shot and killed', 4]], '28924649', '0' ], [ [['because I know God protects me', 14], ['Brian Snow was at a nearby credit union', 5]], '28811216', '0' ], [ [['The state news agency RIA-Novosti quoted Rosaviatsiya', 6]], '28805461', '0' ], [ [['measure all but certain to fail in the face of bipartisan', 4]], '28771014', '0' ], [ [['matter what you do in this case', 5]], '28759848', '0' ], [ [['presume laws are constitutional', 7]], '28747556', '0' ], [ [['has destroyed 15 to 25 houses', 7]], '28744868', '0' ], [ [['short answer is yes', 7]], '28746030', '0' ], [ [['opportunity to tell the real story', 7]], '28731764', '0' ], [ [['entirely respectable way to put off the searing constitutional controversy', 7]], '28723797', '0' ], [ [['point of my campaign is that big ideas matter', 9]], '28712293', '0' ], [ [['As the standoff dragged into a second day', 7]], '28687424', '0' ], [ [['French police stepped up the search', 17]], '28667224', '0' ], [ [['Seeking to elevate his candidacy back to a general', 8]], '28660934', '0' ], [ [['The tragic story of Trayvon Martin', 4]], '28647343', '0' ], [ [['Karzai will get a chance soon to express', 8]], '28630306', '0' ], [ [['powerful storms stretching', 8]], '28493546', '0' ], [ [['basic norm that death is private', 6]], '28413590', '0' ], [ [['songwriter also saw a surge in sales for her debut album', 6]], '28413590', '1', 'Watch music videos from Whitney Houston ', 'on Yahoo! Music', 'http://music.yahoo.com' ], [ [['keyword', 99999999999999999999999]], 'videoID', '1', 'overwrite-pre-description', 'overwrite-link-string', 'overwrite-link-url' ] ]
    Loading...