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The Justice Department is sending UBS bankers to prison:
Former UBS banker, Bradley Birkenfeld of Weymouth, Mass., has been sentenced to 40 months incarceration by Judge William J. Zloch in Fort Lauderdale, Fla. On June 19, 2008, Birkenfeld pleaded guilty to conspiring to defraud the United States, the Justice Department announced today.
According to court documents and statements made in court today, Birkenfeld worked as a private banker in Geneva, Switzerland, for UBS AG, one of the country’s largest banks. While at UBS, Birkenfeld assisted an American billionaire real estate developer evade paying $7.2 million in taxes by assisting the developer conceal $200 million of assets hidden offshore in Switzerland and Liechtenstein. While at UBS, Birkenfeld routinely traveled to and had contacts within the United States in an effort to assist wealthy Americans conceal their ownership in assets held offshore and therefore evade the payment of taxes on the income generated on the money hidden offshore.
The President is playing golf with them:
MARTHA’S VINEYARD, Mass. — The First Duffer hit the links Monday, on the first full day of his vacation, after a morning workout and a game of tennis with his wife at the 28-acre waterfront estate he has rented for the week. South Carolina Rep. James E. Clyburn (D), UBS Investment Bank president Robert Wolf and White House aide Marvin Nicholson joined President Obama for a round of golf…”You know, he’s on vacation. So everything is a little bit loose,” spokesman Bill Burton said at the elementary school gymnasium that is serving as the island briefing room.
More from Ken Silverstein:
Perspective — October 23, 2013, 8:00 am
How pro-oil Louisiana politicians have shaped American environmental policy
Postcard — October 16, 2013, 8:00 am
A trip to one of the properties at issue in Louisiana’s oil-pollution lawsuits
Industry estimate of the life span of the average umbrella (in years):
Cancer researchers in California confirmed that dogs can sniff out cancer patients with roughly the same accuracy as screening tests.
A deaf dog belonging to a deaf owner was shot and killed in Alabama, and an Indiana dog’s skin troubles were found to be caused by an allergy to humans. “It’s just not his fault,” said the owner of Lucky Dog Retreat.
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“I hope that after reading the following pages the leaders of the Y. M. C. A. will start a campaign to induce good young men to do nothing. If so, I shall not have lived in vain.”