UBS Client Who Designed Gravestones Gets Year for Tax Evasion

A client of UBS AG (UBSN) was sentenced to a year and a day in prison for using a Swiss bank account to evade more than $1 million in taxes, according to a statement by U.S. Attorney Gary Shapiro.

Peter Troost, the 78-year-old owner of Troost Memorials, which designs and sells cemetery monuments and gravestones, was sentenced in federal court in Chicago. He pleaded guilty in March, admitting that he evaded taxes on more than $3.3 million in income.

To contact the reporter on this story: David Voreacos in Newark at dvoreacos@bloomberg.net

To contact the editor responsible for this story: Andrew Dunn at adunn8@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.