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Keyword: whistleblowerpayout

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  • Jailed Banker Who Helped Crack UBS Gets $104 Million Payout (IRS pays whistleblower)

    09/11/2012 1:47:31 PM PDT · by Beave Meister · 9 replies
    Yahoo Finance ^ | 9/11/2012 | Eamon Javers
    Attorneys for jailed former Swiss banker Bradley Birkenfeld announced Tuesday that the IRS will pay him $104 million as a whistleblower reward for information he turned over to the US government. The information Birkenfeld revealed detailed the inner workings of the secretive private wealth management division of the Swiss bank UBS (UBS), where the American-born Birkenfeld helped his US clients evade taxes by hiding wealth overseas. At one point during his private banking career, Birkenfeld reportedly brought diamonds across the US border secured inside a toothpaste tube. Tuesday's announcement represents an astonishing turn of fortune for Birkenfeld, who was released...