Tuesday, April 14, 2009

DOJ Files Charges UBS Clients Who Hid Money in Swiss Accts

The Justice Department has started to file criminal charges against U.S. citizens who were clients of Swiss banking giant UBS, claiming they concealed tens of millions of dollars in assets from the IRS in secret Swiss accounts the bank set up. The bank, which paid a $780 million fine, agreed to turn over it's secret client list to U.S. authorities.

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