The Traderszone Network

Published in TZ Latest News 5 November, 2014 by The TZ Newswire Staff

Exclusive: U.S. lacked hard proof in tax trial of ex-UBS banker, jurors say

A federal jury in South Florida on Monday took a little over one hour to acquit Raoul Weil, who headed the Swiss bank’s global wealth management unit, of conspiring to defraud the Internal Revenue Service. The verdict was a major setback for Washington’s efforts to crack down on offshore tax evasion by Americans, and raised questions about how aggressively the government will pursue similar cases against senior executives.