Quatloos!

A former UBS AG banker was indicted on a charge of conspiring to help wealthy Americans evade taxes by hiding accounts in a smaller Swiss regional bank.

Martin Lack, a Swiss resident and independent investment adviser, helped U.S. clients hide assets from the Internal Revenue Service through accounts at UBS and the so-called cantonal bank, according to an indictment in federal court in Fort Lauderdale, Florida. That bank, not named in the indictment, is Basler Kantonalbank, according to a person familiar with the matter.

The indictment cites nine U.S. customers that Lack assisted. He helped them withdraw cash from undeclared accounts and discouraged them from joining an IRS amnesty program, according to the indictment. UBS, the largest Swiss bank, avoided prosecution in 2009 by paying $780 million and admitting it helped Americans evade taxes.
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