San Francisco Man Charged In UBS Tax Evasion Case

AP-US—UBS-Secrets,130

Calif. man charged in Fla. in UBS tax probe

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FORT LAUDERDALE, Fla. (CBS/AP) — A San Francisco man is facing federal tax charges in Florida in the latest indictment in a long-running investigation of tax evasion at Swiss bank UBS AG.

Prosecutors said Wednesday that Amir Zavieh concealed assets in a UBS account and did not report income to the Internal Revenue Service. The indictment says Zavieh lied to investigators.

It wasn’t immediately clear if Zavieh had an attorney. If convicted he faces up to five years in prison and a $250,000 fine.

Prosecutors said the charges against Zavieh arose from former UBS banker Renzo Gadola who is cooperating with U.S. authorities. About two dozen UBS executive have been charged in the U.S.

UBS agreed in 2009 to turn over accounts of more than 4,500 customers and paid a $780 million fine.

 

 

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Comments

One Comment

  1. Doug says:

    There’s more to this story that the Department of Justice (DOJ) is witholding from the public: Bradley Birkenfeld, the UBS Whistleblower, voluntarily gave Renzo Gadola’s name to the DOJ way back in 2007. This is not a case of Gadola simply cooperating. Birkenfeld delivered him on a platter to the DOJ so Gadola has no choice. The primary source for the entire investigation is Bradley Birkenfeld (who also blew the whistle on Credit Suisse in in 2007, hence the indictnents of the Credit Suisse bankers this year). The DOJ never would have even known about Renzo Gadola had Birkenfeld not told them about him.

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