"The indictment charges that from 2002 and 2007, Weil, as chief of UBS's wealth management business, helped about 20,000 U.S. clients conceal assets in offshore accounts. About 17,000 of the customers hid their identities and their Swiss bank accounts from the IRS and many of them filed false income tax returns. At the same time, the cross-border business earned about $200 million for UBS from 2002 to 2007, according to U.S. authorities. Prosecutors said Weil referred to the business as "toxic waste" because it put UBS at odds with U.S. tax law. "The IRS is aggressively pursuing anyone who helps wealthy individuals hide their assets offshore and dodge the tax system," said IRS Commissioner Doug Shulman. UBS aggressively marketed its tax evasion business to wealthy people in the U.S., making some 3,800 visits in 2004 alone to discuss accounts with clients. The bank used encrypted laptops, numbered accounts and other "countersurveillance techniques" to guarantee secrecy, the indictment says. Weil faces u" - Thomas Hawk from Bookmarklet

Another great reason for the Fair Tax. No income tax = no income tax dodgers. - Dave Roth