California banker charged with conspiracy

The Department of Justice has announced that a former senior vice president at a California branch of an Israeli bank has been charged with conspiracy to defraud the United States, the Justice Department and the IRS. The indictment alleges he conspired to conceal the existence of undeclared accounts owned and controlled by U.S. customers in Israel. The accounts were concealed from the IRS by opening them under pseudonyms, code names and the names of nominee entities set up in the British Virgin Islands and on the island of Nevis.