UBS Customer, Insider Trading, Deutsche Boerse: Compliance

Kenneth Heller, a disbarred New York maritime lawyer, was sentenced to 45 days in jail for using an offshore UBS AG account to hide income from U.S. tax authorities.

Heller, 82, who pleaded guilty in June to three counts of tax evasion for the years 2006, 2007 and 2008, was sentenced Jan. 20 by U.S. District Judge Kevin Castel in Manhattan. The parties agreed that the amount of taxes Heller avoided was between $400,000 and $1 million.