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    UBS banker to plead guilty in evasion case

    UBS banker to plead guilty in evasion case

    Bradley Birkenfeld to offer a 'confession'

    Author Date published May 30, 2008 Categories

    A UBS banker is to plead guilty in a US tax fraud inquiry, US papers
    reported.

    Bradley Birkenfeld, formerly a senior private banker with the Swiss bank, is
    to offer a ‘confession’ according to court documents cited by the
    New
    York Times    .

    He has been accused of helping a property developer evade taxes on $200m
    (£100m) held in accounts in Switzerland and Liechtenstein.

    He had initially pleaded not guilty.

    The paper also said that the confession would implicate others at the bank
    and other financial institutions.

    UBS has not commented.

    Further Reading:

    Read
    the New York Times piece

    Read
    Reuters yesterday

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