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[Washington Babylon]

U.S. Politicos Held Offshore Accounts with UBS

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From the Daily News:

A former banker who blew the whistle on thousands of secret bank accounts rich Americans held at Swiss giant UBS claimed Thursday some U.S. politicians also kept off-shore accounts with the bank. “We had an office in Washington that we all referred to as the PEP office – for ‘Politically Exposed People,'” Bradley Birkenfeld said.

He was speaking by phone – on tax day, no less – from Schuylkill County federal prison in Pennsylvania, where he is serving a 40-month sentence for his role in the tax evasion scheme. “Only top managers from the bank knew the names of the political clients,” Birkenfeld said.

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