Sons of Indicted Financial Adviser Keep Business in Family
- New company formed to manage money for American citizens
- Beck’s sons accept only tax-compliant clients: attorney
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For more than two decades, prosecutors allege, Swiss financial adviser Josef Beck practiced the dark art of handling dirty money.
He conspired with Switzerland’s biggest bank, UBS Group AG, to help dozens of Americans evade taxes, once using a young child to deliver a bag of cash to a client, according to a 2012 federal indictment (PDF). He has never come to the U.S. to face those charges, and the Department of Justice considers him a fugitive.