If you are hiding billions in a Swiss bank account as I am,
you might want to check this out.
The US DOJ cut a deal with UBS Bank for helping American clients illegally hide $20 billion dollars, earning about $200 million a year for their malfeasance.
Dozens of banks are still doing this but the times,
they are a changin’.
Now UBS has settled for $780 million and a loss of certain licenses. And that settlement has set the table for the rest of Switzerland banking.
Now Swiss Banks are urging their American clients to confess.They have until December 31st to turn us over to our Department of Justice or go the way of UBS.
Swiss banking as we’ve known it is finally coming to an end.
Okay. I confess.
You’d better, too.