Financial Transparency Coalition

ZURICH (Reuters) - Clients of UBS facing disclosure of their accounts to U.S. tax authorities were not harmless victims and legal cases against former UBS bankers did not affect the bank, its chairman told Swiss Sunday newspapers.

U.S. government to get names of suspected American tax dodgers using Swiss bank accounts

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.

Michelle Caruso-Cabrera is a CNBC anchor and a tax haven apologist. During her program yesterday she claimed that the agreement between the Justice Department and Swiss bank UBS, in which the identities of 4,450 American scofflaws holding UBS accounts will be provided to the IRS, “is a terrible thing.” “Follow me here,” she pleads. Okay Michelle, convince me that pursuing cases in which Americans violated U.S. law is a bad thing.