Ex-Swiss banker convicted for selling secret tax data to Germany
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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