Feds sue largest Swiss international bank demanding U.S. account holder names

U.S. government files lawsuit against UBS AG demanding names of 52,000 Americans.

West Palm Beach, FL (JusticeNewsFlash.com)–Bloomberg reported on Thursday, attorneys for the U.S. Department of Justice (DOJ) www.doj.gov filed a lawsuit, in federal court in Miami, demanding the names and identities of 52,000 American account holders. The DOJ alleges Americans hid their Swiss accounts from federal tax authorities like the Internal Revenue Service (IRS) www.irs.gov.

Switzerland’s largest bank, UBS AG, is accused of assisting U.S. customers with evading tax payments on $14.8 billion in assets according to court documents filed by federal lawyers. U.S. and Zurich based UBS is accused, by the Justice Department, of conspiring to help 17,000 Americans hide accounts from the IRS defrauding the government. The federal government’s lawsuit, against the Swiss bank, was filed one day after UBS agreed to pay $780 million and disclose the names of 250 account holder to the government to avoid U.S. prosecution. Federal judges will hear the government’s claims the bank helped thousands of wealthy Americans evade taxes effectively defrauding their very own neighbors.

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About the Author Justice Seeker

Heather L. Ryan, R.N., C.L.N.C- Heather Ryan is a Certified Legal Nurse Consultant with 15 years of experience in the health care industry. Her expertise in reviewing medical records and assisting lawyers with the determination as to whether legal action should be taken provides an invaluable asset to the newsroom. Medical-malpractice, products liability, personal injury and workers’ compensation are some of the recent areas of litigation Ms. Ryan has focused her efforts on. A member of the Florida Justice Association, Heather maintains a long list of certifications and credentials to support her areas of expertise and stays up-to-date with her clinical knowledge working as an emergency room/trauma nurse, at a Level 1, Adult/Pediatric trauma and teaching institution in South Florida.