Ex-UBS Banker Charged With Hiding $215M From IRS

Law360, New York (August 4, 2011, 9:48 PM EDT) -- A former UBS AG banker was indicted Thursday for allegedly concealing $215 million in client money from the Internal Revenue Service.

A grand jury indicted Gian Gisler, a 45-year-old Zurich man, on a single conspiracy charge for allegedly helping about 40 U.S. clients stash the hundreds of millions of dollars in offshore accounts.

"The defendant conspired with various U.S. taxpayers and others to ensure that his U.S. taxpayer clients could hide the U.S. taxpayers' Swiss bank accounts and the income generated in them from the taxation...
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