Swiss "Black" Accounts – A Trillion Dollar Problem

The case against UBS is over. The Justice Department appears to have won this one. A total of 4,450 out of a total of 52,000 names will be divulged to either DOJ or IRS. Based on what has been presented it would appear that the other 48,000 names that were not disclosed either had the money sent back to a bank in the States (equivalent of full disclosure) or they had hired a lawyer and confessed their sins to the IRS...

Zero Hedge: Swiss "Black" Accounts – A Trillion Dollar Problem
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