Whistleblower awarded $104 million in Swiss bank tax fraud case
09/11/2012 // West Palm Beach , Florida, US // JusticeNewsFlash // Justice News Flash // (press release)
U.S. – A whistleblower was awarded $104 million by U.S. tax authorities in a tax fraud case against Swiss bank UBS AG. As reported by Reuters, Bradley Birkenfeld, who was released from prison last month, was awarded the large payout in relation to a case in which the bank entered into a deferred prosecution agreement with an order of $780 million in fines, penalties, and other fees in 2009.
Birkenfeld received jailtime for allegedly withholding information about UBS from authorities, but did turn over some information prior.
IRS spokeswoman Michelle Eldridge is quoted by Reuters as releasing the statement regarding the award, “The IRS believes that the whistleblower statute provides a valuable tool to combat tax non-compliance, and this award reflects our commitment to the law.”
Justice News Flash delivers the latest in U.S. business litigation news.
Media Information:
Address: 215 South Olive Suite 300 W. Palm Beach FL 33401
Phone: 866-598-1315
Url: http://justicenews.visionsmartnews.com/whistleblower-awarded-104-million-in-swiss-bank-tax-fraud-case_7514.html
Other News / Press Releases
- Supreme Court votes to allow ‘pay-for-delay’ generic drug deal challenges
- Allen Iverson ex-wife claims he’s kidnapped their children
- Former NFL player released from prison
- California prison airborne fungus case being considered by judge
- Three left dead after violent Pico Rivera crash
- Media mogul Rupert Murdoch, wife to divorce
- Billy Ray Cyrus, wife split after 19 years of marriage
- Michael Jordan ordered to appear in court over lawsuit against grocer
- Employees applauded after Dunkin’ Donuts racist rant goes viral
- Judge rules Maricopa County sheriff violated Latinos rights
