UBS banker to plead guilty in evasion case

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

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

the New York Times piece

Reuters yesterday

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