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UBS Group AG building in St. Gallen.UBS maintains strict banking secrecy practices which have been used to facilitate tax evasion. The Swiss investment bank and financial services company, UBS Group AG, has been at the center of numerous tax evasion and avoidance investigations undertaken by U.S., French, German, Israeli, and Belgian tax authorities as a consequence of their strict banking ...
U.S. consumers who were “tricked” into purchases they didn't want from Fortnite maker Epic Games are now starting to receive refund checks, the Federal Trade Commission said this week. Back in ...
The Federal Trade Commission announced last year that Fortnite maker Epic Games would pay $520 million in penalties and refunds to settle complaints about player privacy and the game's payment ...
Bradley Charles Birkenfeld (born February 26, 1965) is an American private banker, Author of Lucifer's Banker, convicted felon, and whistleblower.During the mid- to late-2000s, he made a series of disclosures about UBS Group AG clients, in violation of Swiss banking secrecy laws, to the U.S. government alleging possible tax evasion.
During Weil's tenure at UBS, the bank became embroiled in the 2008-09 U.S. tax evasion controversy, which led to Weil's voluntary departure from the bank after he was indicted by the U.S. Justice Department for allegedly offering help to thousands of UBS's U.S. clients who failed to pay their federal income taxes.
Five clients of Swiss bank UBS (UBS) received criminal indictments for tax evasion Thursday in what may ultimately become a dragnet of sorts for those caught up in the UBS overseas asset ...
On 19 February 2009, the US government filed suit against UBS to reveal the names of all 52,000 U.S. customers, alleging that the bank and these customers conspired to defraud the US tax authority IRS of legitimately owed tax revenue. [10] However revealing customer names was contrary to Swiss law and put UBS in a difficult position.
Swiss bank UBS is set to shell out more than $1.4 billion to settle accusations of “historic” fraud relating to its role in the 2008 financial crisis.