Julius Baer Shareholders React Favorably To Tax Settlement News

FORBES: Julius Baer has been on the US Justice Department’s radar for some time. In 2011, Rudolf Elmer, a former banker at Julius Baer, reportedly turned over the banking details of about 2,000 clients toJulian Assange and the WikiLeaks team. At the time, Julius Baer rejected the allegations that it assisted any taxpayers in the commission of tax fraud. However, in 2014, U.S. prosecutors accused the bank of doing exactly that.

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