UBS’s Tax Deals Shredded U.S. Patience With Gall: Ann Woolner
June 12th, 2009
Bloomberg
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.
But the bank, in essence, was selling tax evasion as a service, and when one of its billionaire customers got fingered for tax fraud, he lifted the veil on UBS’s dirty business. Down came the wrath of U.S. tax collectors and prosecutors.
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