Attorney charged with using Swiss banks and offshore accounts to cheat on taxes
A former San Diego attorney has been indicted on charges of putting millions of dollars in Swiss banks and secret offshore accounts to avoid paying taxes, federal prosecutors announced Monday.
Christopher Rusch was arrested in Miami on Sunday after being extradited from Panama at the request of the U.S. government, prosecutors said. Rusch and two of his clients, Stephen Kerr and Michael Quiel, were indicted in Phoenix.
Rusch was a lawyer specializing in international business planning, offshore accounts and criminal and civil tax defense.
According to prosecutors, Rush controlled more than $8 million in the Swiss accounts that belonged to his clients. None of the three defendants paid income tax from 2004 to 2007 on the secret accounts, prosecutors said.
--Tony Perry in San Diego