23 Jan 2019
A former UBS (UBSG.S) banker accused of selling information about wealthy German tax evaders to German authorities was convicted of economic espionage by a Swiss court on Monday.
Rene S., as the 45-year-old ex-banker was called during court proceedings, was sentenced to 40 months in prison and must pay fines and court costs totalling more than 125,000 Swiss francs (£97,143) after being found guilty of charges that included spying and money laundering.
Rene S., who according to court documents has moved to a small town in Germany just across the Rhine River from Switzerland, did not attend the proceedings in Bellinzona this month.
– By John Miller, Reuters, 21 January 2018.
Link to Reuters.
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