— -- A California businessman Friday became the fourth person charged with using an offshore account at Swiss banking giant UBS to hide funds from the IRS as federal prosecutors kept up pressure ...

German Nino, a former UBS adviser in Miami, Florida, has pled guilty in federal court to defrauding $5.8 million from a family who maintained several accounts at the firm. He is scheduled for ...

If not for banker Bradley Birkenfeld, "a massive tax fraud scheme" by Switzerland's UBS bank to hide the assets of wealthy Americans from U.S. tax collectors would never have been uncovered, ...

WASHINGTON — Banking giant UBS has agreed to pay $780 million and turn over once-secret Swiss banking records to settle allegations it conspired to defraud the U.S. government of taxes owed by ...

A Swiss court has held that the Swiss bank UBS does not have to hand over to the IRS confidential data on 26 accounts under a settlement agreement between the United States and Switzerland negotiated ...

MIAMI (AP) — Wealthy American clients of Swiss bank UBS AG used sham corporations set up in havens from Hong Kong to the British Virgin Islands as part of their efforts to evade U.S. taxes, according ...

BERNE/WASHINGTON, Aug 19 (Reuters) - Switzerland has agreed to reveal the names of about 4,450 wealthy American clients of UBS AG to U.S. authorities in a tax dispute settlement that pierces Swiss ...

BERNE/WASHINGTON (Reuters) - Switzerland has agreed to reveal the names of about 4,450 wealthy American clients of UBS to U.S. authorities in a tax dispute settlement that pierces Swiss banking ...

The Justice Department cracked open Switzerland's centuries-old custom of banking secrecy when it forced UBS AG to disclose the names of secret U.S. account holders on top of fining it $780 million.

The U.S. government has chipped new holes in the secrecy of Swiss bank accounts, obtaining the names of American clients of the banking giant UBS as part of an investigation into the use of foreign ...

Switzerland will release the criteria used to turn over details of 4,450 UBS AG accounts to the Internal Revenue Service today, revealing the U.S. model for chasing tax evaders in other banks and ...

Swiss bank UBS AG has been fined 8 million pounds ($13.3 million) for management failures which allowed employees to make unauthorized trades with customers' accounts, Britain's financial regulator ...