Ex-UBS Exec Pleads Not Guilty In $20B Tax Fraud Case

Law360, New York (January 7, 2014, 6:18 PM EST) -- A former UBS AG wealth management and banking head who allegedly helped U.S. taxpayers conceal their assets from the Internal Revenue Service pled not guilty Tuesday in Florida federal court, saying he didn't hide roughly $20 billion from the tax agency.

The U.S. and Raoul Weil will now prepare for trial where a jury may have the final say on whether the ex-banker plotted to hide a massive tax conspiracy that provided offshore tax shelters to about 20,000 U.S. citizens.

"Mr. Weil appeared in court in Ft. Lauderdale...
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