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Whistleblower Receives over a Hundred Million Dollars Reward Money
A former UBS banker who provided information on the firm’s vast business of helping wealthy Americans hide their
assets from the Internal Revenue Service has received a $104 million whistleblower reward, which his lawyers said was the largest in U.S. history.
Bradley Birkenfeld’s tips helped pave the way for a 2009 settlement between the U.S. government and UBS (UBS) under which the bank agreed to pay $780 million in penalties and turn over the account information of thousands of U.S. clients.
Great coverage CNN!
Here’s the real story, from The Daily Mail.
The guy was in prison for…… Tax evasion!
m00pa
September 12th, 2012
So now-a-days they call people who turn over citizens to the government “whistleblowers”?
I wonder how heavy the “award” will get?
hanoverfist
September 12th, 2012
“See something say something”
Corny
September 12th, 2012
So do you have to pay taxes when you get taxpayer money? Sounds rediculous, but I bet he does. Now assuming the legal fees aren’t deductable, which I don’t think they are, the lawyers get a third, the gov’t gets a third, and he gets a third. Still a good hall, but not $104M
Nutjob
September 12th, 2012
The Obama admin takes credit fot this, but the program and initial investigation was started under Bush.
The Obama admin agreed not to fine, penalize or imprison anyone who paid their taxes as well as not allow their names to be public.
I want to see the 40,000 americans whose names were on the list. Apparently Mr. Transparency thinks its OK for wealthy people to evade taxes. Even though he’s against the wealthy.
He did this because of the democrats who are part of the evaders on the list. If he could out republicans he would.