May 9, 2014 / 8:05 PM / in 4 years

BRIEF-Swisspartners settles U.S. criminal tax probe

May 9 (Reuters) - * U.S. says Swiss asset management firm swisspartners and affiliates agree to

resolve criminal tax investigation * U.S. says swisspartners investment network ag and three units enter

nonprosecution agreement, agree to pay $4.4 million * U.S. says defendants’ “extraordinary cooperation and self-reporting”

justified nonprosecution agreement * U.S. says swisspartners admitted it knew that some U.S. taxpayers were

maintaining undeclared foreign bank accounts with its help * U.S. says payment includes $3.5 million forfeited fees, $900,000 restitution

representing clients’ estimated unpaid taxes

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