Financial Transparency Coalition

Harriette Walters, the mastermind of the $48.1 million D.C. tax scam, was sentenced this morning to 17 1/2 years in federal prison, capping the prosecution of the largest embezzlement in District government history.

He grew up in elite circles in Buenos Aires, acquiring the polish and privileged connections that paved the way for him to become a star private banker in New York to wealthy clients at UBS and JPMorgan Chase.

ZURICH (Reuters) - U.S. clients of Swiss bank UBS will not be able to access secret accounts from July 1 unless they transfer the money onshore or close the account, a source familiar with the situation told Reuters on Tuesday.

A criminal saga that began in December with a string of superlatives — the largest, longest and most widespread Ponzi scheme in history — ended the same way on Monday as Bernard L. Madoff was sentenced to 150 years in prison, the maximum for his crimes.