October 9, 2012

UBS whistleblower nets $104 million reward

A former UBS banker, Bradley Birkenfeld, who provided information on UBS’ vast business of helping wealthy Americans hide their assets from the Internal Revenue Service has received a $104 million whistleblower reward. Birkenfeld was instrumental in assisting the US government in gathering information. In 2009, the US government and UBS settled the matter and the bank agreed to pay $780 million in penalties and turn over the account information of thousands of US clients. The […]