Ex-Credit Suisse Client Charged in Tax Scam, US Says (Correct)

A Brazilian-American businessman who lives in Florida was charged with using Credit Suisse Group AG, UBS Group AG and other Swiss banks to hide more than $20 million in assets from US tax authorities over 35 years.

Dan Rotta, 77, was arrested March 9 at Miami International Airport as he was preparing to fly to Barcelona, according to people familiar with the matter. He appeared Monday in Miami federal court, where a magistrate judge said he should remain in jail until a hearing on Tuesday morning, according to court officials.

The Justice Department is trying to determine whether Credit ...