Legal
Former UBS Wealth Executive Expected To Plead Not Guilty To Tax Fraud Conspiracy - Report

A former top wealth management executive at UBS charged with helping US citizens evade taxes through Swiss accounts is expected to plead not guilty today to tax fraud conspiracy in a federal court in Florida.
A former top wealth management executive at UBS charged with
helping US citizens evade taxes through Swiss accounts is
expected to plead not guilty today to tax fraud conspiracy in a
federal court in Florida, according to Reuters.
Raoul Weil, former head of global wealth management at UBS, was charged five years ago
with helping about 17,000 Americans conceal $20 billion in
numbered accounts at the bank.
Weil, a Swiss citizen, initially disputed the charges and was
declared a fugitive a few months later but was arrested on a
warrant from Interpol in mid-October while on vacation in
Bologna, Italy.
His appearance in federal court in Fort Lauderdale will be his
second since he was extradited from Italy last month. He was
granted a $10.5 million bond pending his arraignment.
Aaron Marcu, lead attorney for Weil, says his client has
consistently denied wrongdoing in the case, the news service
reported. "Mr. Weil will appear in court in Ft Lauderdale on
Tuesday and intends to plead not guilty," Marcu of Freshfields
Bruckhaus Deringer, said.