Ex-UBS banker given suspended sentence

A former UBS banker sentenced in the United States has escaped being sent to prison for tax fraud because of his assistance in uncovering other tax evasion cases.

This content was published on November 18, 2011 - 17:14 and agencies

A federal judge in Miami agreed on Friday that the 45-year-old man deserved leniency. He was sentenced to five years’ probation.

He pleaded guilty in 2010 to tax fraud conspiracy and since then has been helping US prosecutors build cases against former colleagues and customers who had secret Swiss bank accounts.

The case was part of a broad campaign by US tax authorities to identify wealthy tax dodgers.

In 2009, UBS agreed to hand over the details of 4,450 customers and pay a $780 million (SFr718.4 million) fine for tax evasion.

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