In the News

Harry Markopolos, call your office. Under little-noticed new provisions of the Dodd-Frank Wall Street reform law, whistleblowers like Markopolos who alerted the SEC to Bernard Madoff’s Ponzi scheme will for the first time be entitled to collect between 10- and- 30 percent of the money recovered by the government. And that could turn a new wave […]

The Swiss media have described parliament’s acceptance of the UBS-IRS agreement as an important step in ending the sanctity of banking secrecy. On Thursday, parliament sealed the deal allowing the United States access to confidential UBS data on bank clients suspected of tax evasion.   “Reason has prevailed after all,” is how the Neue Zürcher […]

ZURICH-Swiss legislators approved a law that clears the way for the government to hand over the names of thousands of alleged U.S. tax evaders to the Internal Revenue Service, dodging the risk that the U.S. would reopen a bruising tax case against Swiss bank UBS AG. Final passage of the law had been hung earlier […]

WASHINGTON — Senator Chuck Grassley today asked the Treasury secretary and IRS commissioner for an accounting of what U.S. government officials have done with information provided more than three years ago by a whistleblower regarding tax evasion.  The U.S. Department of Justice acknowledged that former UBS employee Bradley Charles Birkenfeld’s information was pivotal in exposing […]