Calif. man charged in Fla. in UBS tax probe
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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