First UBS Client Goes Down: Rubinstein
Submitted by Connecticut Man1 on April 2, 2009 - 21:04According to the NY Times, the first of UBS' tax evading client list is being charged:
The client, Steven Michael Rubinstein, an accountant, was arrested in Boca Raton, Fla., and charged with one criminal count of filing a false and fraudulent tax return, according to court papers unsealed on Thursday.
The arrest is the first of a major American client of UBS, which has been under criminal investigation for helping scores of wealthy Americans evade taxes through secret offshore accounts that went unreported to the Internal Revenue Service. It signals that federal authorities are making good on a promise to pursue American clients suspected of tax evasion, and in some cases to make indictments.
The money hidden away for him by UBS? Around $6,000,000.00: