Julius Baer banker pleads guilty in US to facilitating $25m in bribes, FBI promises more to come

By Mark Baber
June 16 – Jorge Luis Arzuaga (pictured), an Argentine national and former managing director at Swiss bankers Julius Baer, pled guilty to money laundering conspiracy in the Brooklyn federal court on Thursday, admitting to arranging transfers of over $25 million in bribes and kickbacks from 2010 to 2015.