UBS Is Closing Down Accounts; U.S. Clients at Risk of Exposure
By Daniel at 16 November, 2008, 12:21 am
Swiss banking giant UBS, under investigation by the U.S. government for allegedly helping Americans hide money from the Internal Revenue Service, is closing thousands of accounts, putting clients at greater risk of being exposed, tax lawyers say.
UBS clients have been receiving calls and letters telling them that their Swiss accounts will soon be liquidated. Those who have concealed funds from the IRS have two basic choices: They can take new and potentially difficult steps to hide the money, heightening their risk of being caught and punished severely, or they can come clean, lawyers say.
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I would bet the farm, that when this list comes out, EVERY SINGLE Congress person, Wall street Bankster, Bush administration official, and CEO that we are now BAILING OUT– has HUGE amounts of taxpayer’s CASH personally stashed away in these Swiss bank accounts!!
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