Ex-UBS man may be allowed to call bankers to testify via video


Former UBS banker Raoul Weil, accused of helping Americans evade taxes, may be allowed to call fellow bankers as witnesses to testify from overseas by video because they fear arrest if they travel to the U.S.

Bloomberg News reports that to do so, he will probably have to identify them to the government sooner than his lawyers would like.

Lawyers for Weil argued in a hearing that at least a dozen defence witnesses fear entering the U.S. without a guarantee that they won’t be arrested as part of the government’s crackdown on tax evasion using hidden Swiss bank accounts.

'I have heard reports that if they went after Raoul Weil, who was regarded as the straight arrow and most focused on compliance in the business, then no one was safe', defence lawyer Aaron Marcu said. 'There is a lot of anxiety among the bankers'.

To access the complete Bloomberg News article hit the link below:

Ex-UBS Banker Weil Seeks Video Testimony From Overseas

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