Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

UBS to pay $780 million over U.S. tax evasion charges
Market Watch.com ^ | 2/18/2009 | Wallace Witkowski

Posted on 02/18/2009 3:22:58 PM PST by Grampa Dave

SAN FRANCISCO (MarketWatch) -- The Department of Justice said late Wednesday that Swiss bank UBS AG (UBS:UBS) agreed to pay $780 million in fines, penalties, interest and restitution over criminal charges it helped certain U.S. taxpayers evade taxes. UBS also agreed to exit the business of providing banking services to U.S. clients with undeclared accounts and to turn over the identities of U.S. customers with such accounts.

(Excerpt) Read more at marketwatch.com ...


TOPICS: Business/Economy; Crime/Corruption; Front Page News; News/Current Events
KEYWORDS: 111th; taxevasion; ubs
This might be very interesting re the names of these tax cheats maybe large amounts on the undeclared accounts.

Will we be able to add more names to Zer0's list of tax cheats/evaders.

1 posted on 02/18/2009 3:22:58 PM PST by Grampa Dave
[ Post Reply | Private Reply | View Replies]

To: Grampa Dave

Hmmmmm, let me see. $780 million would be 1/1,000th of the bill just passed. We need a thousand more UBS’s. What? They’re falling like flies? Ok, then. Let’s get Hillary to get China to finance the rest. After all, it IS her maiden voyage as Sec of State.


2 posted on 02/18/2009 3:25:32 PM PST by Zuben Elgenubi
[ Post Reply | Private Reply | To 1 | View Replies]

To: Grampa Dave
"Will we be able to add more names to Zer0's list of tax cheats/evaders.

Don't worry. I can promise you that only the names of Republicans will be leaked and or reported.

3 posted on 02/18/2009 3:25:49 PM PST by Big_Monkey
[ Post Reply | Private Reply | To 1 | View Replies]

To: Liz; MeekOneGOP; BOBTHENAILER; BIGLOOK; SierraWasp; nutmeg; Ernest_at_the_Beach; PhilDragoo

This might become really interesting if the names are released.

I have never seen anything like the focus on high level tax cheats/evaders in 4 decades of monitoring this stuff.


4 posted on 02/18/2009 3:26:06 PM PST by Grampa Dave (Zer0's friends are criminals, foriegn/domestic terrorists, perverts, sexual deviates or tax cheats!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Grampa Dave

Get used to it. They’ll be working their way down the food chain soon enough.


5 posted on 02/18/2009 3:27:12 PM PST by jdsteel (CONGRESS: Take it again in twenty ten.)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Big_Monkey

“Don’t worry. I can promise you that only the names of Republicans will be leaked and or reported.”

You might have been totally correct even last year. However, something is happening and the rats and in particuliar Zer0’s tax cheating buddies have been dragged out into the mud surrounding their sty.


6 posted on 02/18/2009 3:28:27 PM PST by Grampa Dave (Zer0's friends are criminals, foriegn/domestic terrorists, perverts, sexual deviates or tax cheats!)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Zuben Elgenubi

I did the same math. :)


7 posted on 02/18/2009 3:28:52 PM PST by Grampa Dave (Zer0's friends are criminals, foriegn/domestic terrorists, perverts, sexual deviates or tax cheats!)
[ Post Reply | Private Reply | To 2 | View Replies]

To: jdsteel

Hopefully, they will be working at the top of the tax fraud food chains for a long time.


8 posted on 02/18/2009 3:29:54 PM PST by Grampa Dave (Zer0's friends are criminals, foriegn/domestic terrorists, perverts, sexual deviates or tax cheats!)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Grampa Dave

Nah...the big & easy money is with the middle class. They can’t defend themselves as well.


9 posted on 02/18/2009 3:43:17 PM PST by jdsteel (CONGRESS: Take it again in twenty ten.)
[ Post Reply | Private Reply | To 8 | View Replies]

To: Grampa Dave
Did the entire company just get named to a cabinet seat?
10 posted on 02/18/2009 3:43:23 PM PST by KarlInOhio (On 9/11 Israel mourned with us while the Palestinians danced in the streets. Who should we support?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Big_Monkey
Don't worry. I can promise you that only the names of Republicans will be leaked and or reported.

Heck The Dem's will get job offers in the NEW Obamanation and at least 3 RINO Repub's will to. I'd like confirm my suspicions about Civil Service employee's, School District administrators and current/former elected officials to see how many are on the list also.

To much Tax money is unaccounted for virtually every where in the country. Can't remember just how many Billions they can't account for.

And must remember BBBBBABIT and the magical disappearing BIA Billions!

11 posted on 02/18/2009 3:55:27 PM PST by jedi150
[ Post Reply | Private Reply | To 3 | View Replies]

To: Grampa Dave

Wealthy Americans Under Scrutiny in UBS Case

By LYNNLEY BROWNING
Published: June 6, 2008

http://www.nytimes.com/2008/06/06/business/worldbusiness/06tax.html?_r=1


12 posted on 02/18/2009 10:08:35 PM PST by TexKat ((Just because you did not see it or read it, that does not mean it did or did not happen.))
[ Post Reply | Private Reply | To 1 | View Replies]

To: TexKat; Liz; STARWISE; Ernest_at_the_Beach

Thanks to TexKat, we have a little peek at the ultra rich tax evaders, who use UBS to evade taxes.

http://www.nytimes.com/2008/06/06/business/worldbusiness/06tax.html?_r=1


13 posted on 02/19/2009 8:14:02 AM PST by Grampa Dave (Zer0's friends are criminals, foriegn/domestic terrorists, perverts, sexual deviates or tax cheats!)
[ Post Reply | Private Reply | To 12 | View Replies]

To: Grampa Dave

Horrors——I hope no “familiar-sounding” names like, ah, Clinton, surface (snicker).

Silly me-——names that sound like that have already been deleted (rotfl).


14 posted on 02/19/2009 8:42:42 AM PST by Liz (Problem with socialism is you eventually run out of other people*s money. M. Thatcher)
[ Post Reply | Private Reply | To 4 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson