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The bank, Switzerland's oldest private bank, now intends to wind down - it has sold off its non-U. No foreign bank had been indicted, pled guilty or been sentenced before the Wegelin prosecution, according to prosecutors. Rakoff imposed the bank's sentence at a hearing in Manhattan. Wegelin pled guilty in January to helping U. Download our plug-in for Chrome to get customizable, real-time news alerts. Make sure you don't miss any Law breaking news. US Court Orders Wegelin to Pay a Total Penalty of $74 Million
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