Ex-UBS Banker Charged In Tax Evasion Conspiracy

Law360, New York (March 1, 2011, 8:20 PM EST) -- A former UBS AG banker was charged with conspiracy for allegedly helping more than 100 wealthy customers tuck away nearly $500 million in offshore accounts so they could avoid paying taxes, according to a complaint unsealed Tuesday.

The federal government charged Christos Bagios, a Greek citizen and Swiss resident who most recently worked for Credit Suisse Private Advisors AG, with conspiring to defraud the U.S., according to a Feb. 1 filing in the U.S. District Court for the Southern District of Florida.

The federal court in...
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