WEST PALM BEACH, Fla. – A federal judge in Florida has declared a banker and lawyer from Switzerland who were indicted on fraud charges as fugitives from justice.
U.S. District Judge Daniel T.K. Hurley signed the order against banker Hansruedi Schumacher and attorney Matthias Rickenbach on Thursday in West Palm Beach.
Schumacher and Rickenbach are accused of helping rich Americans evade taxes by hiding assets in Swiss banks, including UBS AG and a smaller Zurich-based institution, Neue Zuercher Bank (NZB).
Each man has been charged with conspiring to defraud the U.S. and faces a potential five-year prison sentence.