Credit Suisse Account Holders Face Search And Seizure

Before you get alarmed by this headline, it’s not the IRS doing the raiding. It’s German tax inspectors. German clients of the Swiss bank who are suspected of evading taxes are facing home raids and more. About 5,000 are said to have bought insurance policies at a Bermuda-based subsidiary of Credit Suisse between 2005 and 2009. See Clients of Swiss Bank Raided in Tax Probe.