Ex-UBS Banker Helped Conceal $215 Million From IRS, U.S. Says
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Former UBS AG banker Gian Gisler was indicted on charges that he conspired to help at least 38 U.S. clients use Swiss banks to hide more than $215 million from the Internal Revenue Service.
Gisler, 45, aided clients using sham entities to hide assets in undeclared accounts, including one valued at $43.3 million, another worth $42.7 million and a third with $19.7 million, according to an indictment in federal court in Manhattan.