A New York lawyer, Kenneth Heller, admitted hiding more than $26.4 million at Swiss bank UBS AG. He is the sixth person to plead guilty to criminal charges of tax evasion out of seven charged in the last few months.

There has been talk amongst government officials of a Global Resolution, expected to come to terms within the next few months, between several foreign banks, in order to put an end to tax evasion within the U.S.  However, there is a catch.  In exchange for investigations against the foreign banks to be discontinued, the respective bank will be required to turn over all U.S. client names, which will then be used by U.S. government agencies to open criminal investigations against said taxpayer. HSBC, world-wide banking giant that has been under high scrutiny by U.S. officials, seems to have caught wind of the potential Resolution and is making plans to come into compliance with the U.S. government.

Managing director at SCG Consulting Group of Boston, Michael F. Schiavao, was charged with failing to report his offshore account at HSBC Holdings Plc (HSBA) to U.S. authorities.

The associated press has reported that Switzerland and the United States are talking about a joint settlement with other Swiss and European banks to avoid potential U.S. investigation and prosecution.

Nadia Roberts and her husband, Sean, of Tehachapi, Calif., pled guilty before U.S. District Judge Anthony W. Ishii of the Eastern District of California to a criminal information charging them with filing a false tax return in relation to an undisclosed Swiss bank account.