UBS Considers Divulging Client Names In Tax Evasion Case
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.
