UBS Client Pleads Guilty To Tax Evasion

Law360, New York (March 8, 2011, 11:28 PM EST) -- A former Ohio resident on Tuesday pled guilty to tax evasion by failing to report interest income earned in his UBS AG accounts to the Internal Revenue Service.

Edward Gurary admitted to hiding a UBS account held under Nassau, Bahamas-based Demko Ltd. from the authorities at his plea hearing in the U.S. District Court for the Northern District of Ohio.

At the hearing, Gurary also told the court that he had another undeclared bank account at Credit Suisse Group AG, according to Dow Jones.

Prosecutors said...
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