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As Obama Golfs with UBS CEO Days After Firm Avoids Criminal Prosecution, UBS Whistleblower Given 40-Month Jail Term.

On the first day of his vacation in Martha’s Vineyard, President Obama spent five hours golfing with UBS executive Robert Wolf, an early financial backer of Obama’s presidential campaign. As the pair teed off, another UBS banker, Bradley Birkenfeld, had just been handed a forty-month prison sentence after pleading guilty to assisting a client evade taxes. It was the first sentence in a wider scandal that has seen UBS admit to helping wealthy Americans dodge their tax obligations. On his own initiative, Birkenfeld blew the whistle on UBS. His disclosure and cooperation with US authorities provided inside information into the bank’s conduct and sparked the massive federal investigation.

Three days earlier, UBS had struck a deal with U.S. tax authorities to disclose the identities of about 4,500 of its American clients who are suspected of hiding assets and evading taxes through secret Swiss accounts. The amounts are said to add up to billions.

UBS struck a separate settlement in February to avoid criminal prosecution, admitting to helping wealthy Americans dodge their tax obligations and agreeing to pay $780 million dollars in penalties.

Where does Bradley Birkenfeld fit in? On his own initiative, he blew the whistle on UBS. His disclosure and cooperation with U.S. authorities provided inside information into the bank’s conduct and sparked the massive federal investigation. The 40-month sentence Birkenfeld received after coming forward and pleading guilty to facilitating offshore tax evasion himself was harsher than his attorney and even prosecutors had expected.

UBS and the Taxpayers’ Hidden Billions.

:Counting:

All the top guys are into money laundering and all helping each other with tips how to do it.