Martin Lack, the fourth ex-UBS AG banker to plead guilty to aiding wealthy Americans in evading taxes, avoided prison for a 17-year scheme in which he helped U.S. clients maintain secret overseas accounts.
Bradley Birkenfeld, the former UBS AG banker who blew the whistle on how the bank helped thousands of Americans evade taxes, was released today from the U.S. prison in Minersville, Pennsylvania, according to his lawyer.
The U.S. extended its crackdown on offshore tax evasion last week, charging Michael F. Schiavo, a managing director at SCG Consulting Group in Boston, with failing to report his offshore account at HSBC Holdings Plc to U.S. authorities.
Bradley Birkenfeld, a former UBS AG banker who has pleaded guilty to helping wealthy Americans evade taxes, said he also shared information on a banker at Credit Suisse Group AG, Bilanz reported, citing information Birkenfeld posted on the magazine’s Facebook page.
Bradley Birkenfeld, the former UBS AG banker who exposed how the Swiss lender helped Americans evade taxes, settled legal disputes with a law firm that claimed it was owed $13 million of his $104 million whistle-blower award.
The U.S. extended its crackdown on offshore tax evasion, charging former UBS AG banker Renzo Gadola with helping American clients hide assets from the Internal Revenue Service by shifting them to a smaller Swiss bank.