Tuesday, September 11, 2012

UBS whistleblower gets $104M from IRS (+ 3 years in prison)

The Internal Revenue Service awarded $104 million to a banker-turned-whistleblower who helped the government uncover a massive scheme in which Switzerland’s largest bank helped its American clients dodge taxes.

The award, confirmed by the IRS on Tuesday, was announced by the legal team representing Bradley Birkenfeld. The former UBS banker gave federal investigators an inside account of the bank’s conduct but ended up serving nearly three years in prison after he pleaded guilty in 2008 to helping one of his clients evade taxes.
Read the rest here.

Only in America.

No comments: