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Ex-UBS banker faces tax evasion charges, say reports

An ex-UBS banker and Swiss lawyer have been indicted by the US for allegedly helping American citizens hide their money from the IRS, according to the Financial Times.

The newspaper says the men have been indicted as part of the latest crackdown in the USA against thousands of wealthy Americans who have used offshore accounts to evade taxes.

Hansruedi Schumacher, a former UBS banker is alleged to have helped create fake companies to bypass US law. Matthais Rickenbach, a Swiss lawyer, has also been charged for aiding the scheme.

The FT says the pair are also accused of helping US citizens procure false credit cards and bank documents to fool authorities into thinking that their monies belonged to Swiss citizens.


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