Tag Archive for Swiss Banking

The Weil Not Guilty Verdict – Road Map For Future Criminal Defense Strategies?

TaxConnections Picture - Swiss Button 2 - square

We originally posted Ex-UBS Executive And Ex-Mizrahi Banker Found Not Guilty In Tax Evasion Trials! where we discussed that Jurors in federal court in Fort Lauderdale, Florida, found former UBS AG executive Raoul Weil not guilty of conspiracy to defraud the United States for his alleged role in helping nearly 20,000 U.S. clients hide $20 billion in assets from the Internal Revenue Service.

The decision comes as a significant blow to federal prosecutors, who had focused their efforts on convicting Weil, formerly the third-ranked officer at the Swiss banking giant as the head of its wealth management and business banking division and the most senior individual they targeted. Read more