Ex-UBS Banker Admits Helping US Citizens Evade Taxes

Law360, New York (November 6, 2012, 2:17 PM EST) -- A former UBS AG banker pled guilty in Florida federal court on Tuesday to charges that he helped American citizens use Swiss bank accounts to avoid paying taxes, the latest fallout from a federal probe into UBS' alleged work in offshore tax evasion.

Christos Bagios, who worked for UBS and an affiliate from 1992 to 2008 before joining Credit Suisse Private Advisors AG, pled guilty to one count of conspiracy to defraud the United States. He was sentenced to time served — 37 days imprisonment upon...
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