Swiss Executive Sentenced for Tax Evasion Scheme

Amélie Dubois
1 min read

News Content

Daniel Walchli, a 56-year-old executive at a Swiss holding company, has been sentenced to no prison time for his role in a scheme to help US taxpayers hide more than $60 million in assets in a fraudulent arrangement known as the “Singapore Solution.” He pleaded guilty to a single count of conspiracy to defraud the US for his involvement in setting up a structure for American clients of Privatbank IHAG to evade scrutiny by tax authorities. US District Judge Gregory Woods sentenced Walchli to the brief time he spent in custody after surrendering in 2022. The case highlights the complexities and consequences of tax evasion schemes, shedding light on the legal ramifications for those involved in such fraudulent activities.

You May Also Like

This article is submitted by our user under the News Submission Rules and Guidelines.The cover photo is computer generated art for illustrative purposes only; not indicative of factual content. If you believe this article infringes upon copyright rights, please do not hesitate to report it by sending an email to us. Your vigilance and cooperation are invaluable in helping us maintain a respectful and legally compliant community.

Subscribe to our Newsletter

Get the latest in enterprise business and tech with exclusive peeks at our new offerings