Former UBS banker given prison term

August 22nd, 2009

Financial Times

Bradley Birkenfeld, the former UBS private banker turned key informant, was on Friday sentenced to a tougher-than-expected 40 months in prison for helping wealthy American clients evade taxes.

The prison term is 10 months longer than was recommended by prosecutors, who said Mr Birkenfeld had provided “substantial assistance” to their tax evasion investigation involving UBS, Switzerland’s biggest bank.

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