We previously posted on December 16, 2013, The 2nd Ex-UBS Banker is About to Blow The Whistle on His US Clients! where we discussed that the former head of UBS's wealth management division, Raoul Weil, has agreed to be extradited to the US to face charges and U.S.
Magistrate Judge Patrick Hunt agreed to let Weil stay with friends in
New Jersey after putting up the bond, which included $9 million in a
personal surety by Weil, $500,000 from the New Jersey family and the
other $1 million a corporate surety bond signed with a bail bondsman.
US
authorities issued an international arrest warrant for Weil in early
2009, just months after he was charged with allegedly conspiring to help
17,000 American clients of Swiss bank UBS avoid taxes.
Well it now appears fairly obvious that he has Cut A Deal with the IRS,
since a Florida judge granted him $10.5 million bail on December 16,
2013. He did not enter a plea and his arraignment was postponed until
January 7.
Swiss
public radio, RTS, said on Wednesday on 10/8/14 that the ex-NZB executive is set to appear
in court in the Weil case in Florida on Tuesday 10/14/14. He remains a free man but had
to pay $500,000 (CHF480,000) bail, surrender his passport and inform the US
authorities of his movements. He had also worked for UBS in the past.
NZB went
bankrupt in 2012, three years after being indicted by the US Department of
Justice (DoJ) for helping US citizens evade taxes.
Weil’s
indictment accuses him of playing a prominent role in helping UBS’s US clients
hide around $20 billion in undeclared assets between 2002 and 2007. A Florida judge previously agreed to an eight-month delay in his trial. His trial
is set to begin on Tuesday 10/14/14.
If convicted, he faces up to five years in prison.
If convicted, he faces up to five years in prison.
The former
head of global wealth management at UBS is the highest ranking Swiss banking
executive to face trial on US soil.
Was This Guy Your Banker?
Are You One of the 17,000 American Clients?
Contact the Tax Lawyers at
Marini & Associates, P.A.
for a FREE Tax Consultation at:
www.TaxAid.us or www.TaxLaw.ms or
No comments:
Post a Comment