Ex-UBS Banker Gets Probation For Aiding Tax Cheats

Law360, New York (November 18, 2011, 1:26 PM EST) -- A former UBS AG banker who assisted U.S. prosecutors in their crackdown on offshore tax shelters was sentenced Friday to five years of probation for helping American citizens use Swiss bank accounts to evade taxes.

Renzo Gadola, who worked for UBS from 1995 to 2008, pled guilty in December to one count of conspiracy to defraud the U.S. Earlier this week, prosecutors asked U.S. District Judge Lawrence King to give Gadola a lenient sentence because of his cooperation.

A Swiss citizen and resident, Gadola struck out...
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