July 7, 2010 - UPDATE: DOJ Investigates HSBC Offshore Accounts - Tax Lawyers
The Justice Department has begun a criminal investigation into U.S. taxpayers who may have evaded taxes through HSBC Holdings PLC (HBC) accounts in India and Si
July 7, 2010 - HSBC Clients Scrutinized in U.S. Tax Evasion Probe
HSBC clients have received a June 21 letter from Kevin Downing, a senior litigator at the Justice Department who oversaw the UBS probe, that says they are subje
July 5, 2010 - UBS’s Zeltner Says ‘Headwinds’ Imperil Target for Client Funds
UBS AG is facing “more headwinds” as Europe’s sovereign debt crisis alarms clients and threatens the biggest Swiss bank’s goal of reversing withdrawals this yea
July 1, 2010 - Ex-UBS client in NJ pleads guilty in IRS tax case
The Milltown resident agreed to pay a $1.3 million penalty, and could face as much as three years in prison when he is sentenced on Nov. 17 by U.S. District Jud
July 1, 2010 - Ex-UBS Client Zaltsberg Admits Hiding $2.6 Million
Leonid Zaltsberg, 75, admitted that he didn’t declare to the Internal Revenue Service a nominee Panamanian account set up with the help of a UBS banker and a Sw
June 29, 2010 - Getting Out of Dodge: the IRS and Offshore Accounts
Last summer the IRS announced a new "Global High-Wealth Initiative" to pursue offshore evasion. It now has new offices or beefed-up staff in 15 cities abroad, i
June 28, 2010 - Switzerland Starts to Come Clean
Switzerland, Singapore, Luxembourg and others have begun entering into bilateral tax treaties under standards codified by the Organization for Economic Cooperat
June 28, 2010 - Former UBS chair denies fault in fraud debacle
Breaking a silence held since his retirement as UBS chairman in 2009, Peter Kurer is rejecting any legal responsibility for the bank’s massive financial losses
June 26, 2010 - Spain confirms probe of 3,000 Swiss bank accounts
Spanish tax authorities are investigating 3,000 accounts at HSBC bank in Switzerland over possible unpaid taxes, the Spanish finance minister confirmed on Thurs
2010.6.25 Spain probes 3,000 Swiss Bank accounts for fraud
"We're stepping up our efforts now because in times of economic difficulties we think the signal that we are determined to fight fraud is even more important."
June 25, 2010 - Prosecutor in UBS Case May Depart
Mr. Downing declined to discuss the matter, saying only that he is focused on his work and has no imminent departure plans...
June 24, 2010 - UBS accord brings relief but also doubts
We cannot rule out that other Swiss banks may have acted in the same manner as UBS.
June 24, 2010 - Banker Who Blew Whistle Over Tax Cheats Seeks Pardon
Birkenfeld, 45, has asked President Barack Obama to commute a 40-month term he began in January at Schuylkill Federal Correctional Institution for his part in t
June 18, 2010 - Special Message to UBS Account Holders from Teig Lawrence
Special Message to UBS Account Holders.
June 18, 2010 - Path Cleared to Name UBS Clients
After months of political wrangling, Switzerland's Parliament approved a law that will allow the Swiss government to turn over the names of thousands of alleged