Ex-UBS Banker Indicted Over Alleged Tax Evasion Scheme

Law360, New York (August 2, 2011, 3:40 PM EDT) -- The U.S. Department of Justice on Tuesday indicted a former UBS AG private banker in Florida on a charge of conspiracy for allegedly providing tax evasion services to U.S. citizens.

Swiss national Martin Lack was charged with conspiracy to defraud the U.S. government in connection with the alleged scheme, which prosecutors say took place from 1993 to 2010 and involved helping American customers evade taxes by maintaining undeclared Swiss bank accounts at UBS and a bank wholly owned by the Swiss canton of Basel City in...
To view the full article, register now.