Swiss bankers face US tax investigation

THREE SWISS BANKERS are alleged to have advised US citizens move assets worth $1.2bn from UBS when the bank was being investigated by US authorities.

The three bankers now face criminal charges filed by the US Department of Justice. They allegedly told UBS clients to move funds out of the bank after an investigation into the bank began in 2008.

The bankers operated out of Zurich through a UBS account, but were employed by a different bank.

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