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Ex-UBS Client Gets Four-Month Term For Swiss Accounts

Luis Quintero, a former UBS AG client from Miami Beach, Florida, was sentenced to four months in federal prison for failing to disclose $4 million in Swiss bank accounts, the Miami U.S. Attorney’s Office said.

Quintero, a 64-year-old wholesale perfume importer, pleaded guilty in April and agreed to pay a $2 million fine for failing to file a Report of Foreign Bank and Financial Accounts for the calendar year 2006, according to court records.