More than seven years after Credit Suisse pleaded guilty to conspiring to aid and assist U.S. taxpayers in filing false tax returns to avoid paying U.S. taxes, a whistleblower complaint alleges that the bank has nonetheless continued its illegal practices.  According to a new report from the New York Times, the whistleblower, a former Credit Suisse employee, asserts that Credit Suisse continued to hide assets for its clients even after telling prosecutors it would close those accounts.  The Times reports that the whistleblower is also asserting that Credit Suisse lied to federal prosecutors, the Internal Revenue Service, and Members of Congress as part of an inquiry into how Swiss banks helped Americans defraud the government.

The whistleblower’s complaint was submitted through the I.R.S. whistleblower program.  Under that program, and subject to certain exceptions, whistleblowers who provide information about tax fraud exceeding $2 million are eligible to receive a monetary award of 15-30% of the total amount collected by the I.R.S. in administrative or judicial actions based upon the whistleblower’s information.

Read the NYT story here.

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