A former high-ranking UBS banker charged with helping Americans dodge taxes through secret Swiss bank accounts pleaded not guilty on Tuesday to fraud conspiracy charges linked to a U.S. tax evasion investigation that shook Swiss banking to the core.
Reuters reports that Raoul Weil, a 54-year-old Swiss citizen and former head of global wealth management at UBS, was charged five years ago with conspiring to help thousands of Americans conceal $20bn in numbered accounts at the bank.
He disputed the charges initially and was listed as a fugitive from U.S. justice until his arrest in mid-October in Bologna, Italy.
Weil's appearance in federal court in Fort Lauderdale on Tuesday was his second since he was extradited last month. He was granted a $10.5m bond, pending his arraignment at his first court hearing on December 16th.
To access the complete Reuters article hit the link below:
image: © Clyde Robinson