• A major Swiss bank admits it conspired with U.S. taxpayers and others to hide over $5.6 billion from the Internal Revenue Service.
• Banque Pictet, the private banking division of Pictet Group, has agreed to pay about $122.9 million in restitution and penalties, in an agreement with prosecutors.
• If the bank complies with the terms of its deal, the Justice Department will defer prosecution for three years and then dismiss a charge of criminal conspiracy to defraud the IRS.

That really makes me angry; they want to over-regulate Crypto to avoid illegal activities, but as you can see, there is/was/always will be - fraud everywhere.