UBS whistleblower Bradley Birkenfeld lost two important motions Monday to cut his sentence and postpone his prison reporting date, which is set for Friday. The motions were based on Birkenfeld's pivotal cooperation with the government in its investigation of illegal UBS offshore accounts held by wealthy Americans. The judge apparently was not persuaded by arguments made on behalf of whistleblower groups that Birkenfeld's sentence would chill future bankers from coming forward to reveal delicate information.
Judge Denies UBS Whistleblower's Bid to Reduce Sentence
Daily Business Review
January 5, 2010