WATCH: Whistleblower Alleges Credit Suisse Helped RICH Americans DO This...

The bank had a long history of helping Americans evade taxes, but whistleblowers say it continued helping with tax evasion long after many thought it had quit.

According to Raw Deal, “‘For years, the private bank has provided a haven for wealthy American clients to hide assets from the IRS — even after it was caught and prosecuted for doing the same thing more than a decade ago, according to two former Credit Suisse bankers who spoke in exclusive interviews with CNBC and are working with the U.S. government as whistleblowers,’ reported Eamon Javers.”

In 2014, Credit Suisse admitted to several things as part of a plea deal. The bank admitted that they destroyed records and delivered cash to American clients by hand to evade the IRS. Then, the bank said they would cooperate with authorities, including when they requested records.

 WATCH: THEY WANT TO KEEP SPENDING: DEMOCRATS RALLY BEHIND BIDEN ON DEBT

March 31, 2023

However, the whistleblowers say that the bank did not hold up its end of the deal. According to Raw Deal, “Senate investigators say that the bank ‘enabled as many as 25 American families to hide fortunes totaling more than $700 million in the bank in the years after the bank’s plea agreement.’”

 FEDERAL COURT UPHOLDS THIS KEY STATES LONG RUNNING CONTROVERSIAL CONGRESSIONAL DISTRICT CHANGES

Credit Suisse has remained on the radar. Last year, authorities contemplated stripping it from managing assets related to pension funds in the United States. The Swiss National Bank dumped $100 million into Credit Suisse when the bank failed. Then, they said they would give UBS $9 billion to help stop the massive losses from them taking over the bank.

However, that’s not all good news. UBS may be the bank that has to deal with the current tax evasion accusations. If this is the case, they’ll be forking over some of those billions of dollars to the United States in a settlement.