> The ultra-rich are largely law-abiding and have the paperwork to prove it. Oh really? "Credit Suisse, the collapsed Swiss bank taken over by UBS Group in a

> The ultra-rich are largely law-abiding and have the paperwork to prove it. Oh really? "Credit Suisse, the collapsed Swiss bank taken over by UBS Group in a hastily arranged bailout earlier this month, may bring with it a fresh set of regulatory and legal problems for its new owner. For years, the bank has provided a safe haven for wealthy American clients to hide assets from the IRS — even after it was caught and prosecuted for doing the same thing more than a decade ago" Many will take whatever opportunity they can get. Whether its complex offshore structures or moving it to banks that will greet you with a wink and a nod. As long as it doesn't go to the IRS. I'm not saying all wealthy individuals do this, or even most. But the amount of money that is intentionally hidden from the IRS is incredibly substantial. They have done the studies.