UBS Considers Divulging Client Names In Tax Evasion Case

Jun 6, 2008 11:23 AM, By John Churchill

             

This weekend won’t likely be a relaxing one for UBS executives, private bankers and thousands of wealthy American clients. <i>The New York Times</i> reports today that the firm is under intense pressure from authorities as one of its top private bankers, Bradley Birkenfield, is expected to enter a guilty plea on Monday in a Florida court for conspiracy to defraud the U.S. government, or to put it plainly, helping U.S. clients evade taxes. The <i>Times</i> story indicates UBS is considering whether to divulge the names of 20,000 of its wealthy US clients.

Here is our earlier story on the tax fraud case.

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