UBS Whistleblower Gets $104 Mln (Reuters)

UBS paid $780 mln in fines and penalties to settle tax fraud case after Birkenfeld tipped IRS.

Bradley Birkenfeld, who provided the Internal Revenue Service with information that led to a major tax fraud case against UBS, has been awarded $104 million, Reuters reports. In the case for which Birkenfeld provided information, UBS entered a deferred prosecution agreement and paid $780 million in fines and penalties.

Birkenfeld was recently released from prison. Despite providing a tip about UBS, he was charged with withholding other information.

 

See the full story here. For previous coverage, see IRS Resists Whistleblowers.

 

 

 

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