(Bloomberg) -- A former Swiss asset manager pleaded guilty to helping U.S. clients hide millions of dollars in offshore accounts and avoid paying federal income taxes.

Peter Amrein, 53, a Swiss citizen, told U.S. District Judge Sidney Stein in Manhattan Tuesday that from 1998 to 2012 he helped Americans evade taxes by concealing funds at various Swiss banks, including Wegelin. He did so while working at an unidentified Swiss bank and later as an asset manager at a Swiss asset management firm.

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