Former UBS Banker Cops To Tax Fraud

Law360, New York (December 23, 2010, 3:45 PM EST) -- A Swiss banker who once worked for UBS AG has pled guilty to conspiring to help an American client evade paying his taxes by keeping his money in an undisclosed account at a Swiss regional bank.

Renzo Gadola, a Swiss citizen and resident, pled guilty Wednesday to one count of conspiracy to defraud the U.S. that was brought in the U.S. District Court for the Southern District of Florida.

Gadola, 44, will be sentenced in March. He faces a maximum of five years in prison....
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