UBS Client Pleads Guilty in Largest Offshore Tax Case Since 2008

UBS Client Pleads Guilty in Largest Offshore Tax Case Since 2008

Gianluca Colla/Bloomberg

Zurich-based UBS, the largest Swiss bank, was charged with conspiracy in February 2009 and avoided prosecution by admitting it aided tax evasion, paying $780 million and handing over account data on 250 clients. It later disclosed information on about 4,450 more accounts.