Getting your player ready...
A former UBS AG manager and a Swiss lawyer were indicted Thursday in a widening U.S. crackdown on bankers and lawyers who helped wealthy Americans hide their assets from the Internal Revenue Service.
Hansruedi Schumacher, a Neue Zuercher Bank manager who once ran the cross-border business for UBS, and Matthias Rickenbach, a Zurich lawyer, were charged with helping Americans evade taxes on UBS and NZB accounts.
The indictment came one day after UBS agreed to reveal data on 4,450 accounts to settle a U.S. lawsuit seeking the names of Americans suspected of evading taxes.
