June 16th, 2009
Switzerland's largest bank, UBS, has proposed giving United States tax authorities banking data on some of its clients but with no names or account numbers attached.
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June 12th, 2009
Life might have rocked along pleasantly enough for Steven Michael Rubinstein, his $3 million home and his fat Swiss bank account if UBS AG hadn’t courted customers like him with such zeal.
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June 9th, 2009
If ever there was doubt about the role that banks actively play in tax evasion, the following article has laid it to rest. An article published by Bloomberg this week shares the thoughts of Bradley Birkenfeld, a former UBS private banker and admitted felon. From
Bloomberg:
“This was a massive machine,” Birkenfeld told Senate investigators on Oct. 11, 2007. He said UBS bankers crisscrossed the U.S. -- without required licensing from the Securities and Exchange Commission -- to find wealthy American customers...
As many as 60 UBS private bankers trolled for clients at UBS-sponsored...
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June 8th, 2009
California billionaire Igor Olenicoff had already invested $200 million with UBS AG in 2001 when his Swiss bankers ushered him to an underground vault in Geneva.
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