Almost a month after UBS executives faced a congressional grilling over the bank's alleged attempts to circumvent U.S. tax laws, the Justice Department has brought charges against a client of the Swiss banking giant. As part of DOJ's attempt to determine the identities of UBS's U.S. clients -- UBS provided a list of between 250 and 300 client names -- federal prosecutors have charged accountant Steven Rubinstein with filing a false income tax return. The Zurich-based bank still faces an IRS suit.
DOJ Charges First UBS Client in Tax Case
The American Lawyer
April 3, 2009