UBS admits helping tax evaders

[Bindare_Dundat]

wow, I actually think I had some admiration for a bank untill I found out they handed over information to the IRS. 

http://money.cnn.com/2009/02/18/news/companies/ubs/index.htm?postversion=2009021818

Swiss banking giant agrees to pay $780 million and hand over account information after helping U.S. clients evade the IRS.

Switzerland's largest bank, UBS, has admitted helping U.S. taxpayers hide money from the IRS, and has agreed to pay $780 million in fines and restitution, and to turn over account information.

The deferred prosecution agreement was approved Wednesday by a federal court judge in Fort Lauderdale, Fla.

"UBS admitted to conspiring to defraud the United States by impeding the IRS," the Justice Department announced late Wednesday.

The statement says that UBS, "in an unprecedented move" based on an order by Swiss authorities, has agreed "to immediately provide the U.S. government with the identities of, and account information for, certain U.S. customers of UBS's cross-border business."

[SAMSON123]

wow, I actually think I had some admiration for a bank untill I found out they handed over information to the IRS. 

http://money.cnn.com/2009/02/18/news/companies/ubs/index.htm?postversion=2009021818

Swiss banking giant agrees to pay $780 million and hand over account information after helping U.S. clients evade the IRS.

Switzerland's largest bank, UBS, has admitted helping U.S. taxpayers hide money from the IRS, and has agreed to pay $780 million in fines and restitution, and to turn over account information.

The deferred prosecution agreement was approved Wednesday by a federal court judge in Fort Lauderdale, Fla.

"UBS admitted to conspiring to defraud the United States by impeding the IRS," the Justice Department announced late Wednesday.

The statement says that UBS, "in an unprecedented move" based on an order by Swiss authorities, has agreed "to immediately provide the U.S. government with the identities of, and account information for, certain U.S. customers of UBS's cross-border business."

When are those jew banks going to do the same: Discount bank of Israel, Bank Leumi, Hapoalim, Bank of Israel etc etc where egregious amounts of american business accounts and "HIDDEN" money resides.....