Holy Hannah! US tax
authorities have awarded $104 million to a whistleblower in a major tax fraud
case against Swiss bank UBS AG that widened a government crackdown on Americans
avoiding taxes in Switzerland, the whistleblower's lawyers said on Tuesday.
Bradley Birkenfeld, freed last month from prison, was not
present at the news conference where his attorneys announced what may be the
largest payout ever under an Internal Revenue Service whistleblower program
recently criticized Congress.
Birkenfeld had sought a substantial reward for his role in a
tax-dodging case that resulted in UBS in early 2009 entering into a deferred
prosecution agreement and paying $780 million in fines, penalties, interest and
restitution. Birkenfeld had turned over
information about UBS to the authorities, but later was jailed after the US
government said he withheld other information.
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