Five years after becoming the poster child for the Department of Justice’s war on banking secrecy and offshore accounts, Switzerland’s UBS AG finds itself in the eye of another potential tempest, this time the Puerto Rican bond crisis.

And to make matters worse, one of its top executives, Raoul Weil, was arrested in Italy last week. He is awaiting extradition to South Florida to face charges he assisted wealthy Americans hide assets from the Internal Revenue Service.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]