A UBS AG client pleaded guilty as part of a U.S. crackdown on the Swiss bank’s assistance of wealthy Americans hiding assets from the Internal Revenue Service, U.S. Justice Department spokesman Charles Miller said.
Robert Moran entered his plea yesterday in federal court in Fort Lauderdale, Florida, to a charge of filing a false tax return, Miller said.
UBS, the largest Swiss bank, avoided U.S. prosecution on Feb. 18 by agreeing to pay $780 million in penalties, admitting it helped taxpayers hide money in Swiss accounts, and strengthening its compliance programs. The bank also gave more than 250 client names to the IRS.
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