Bradley Birkenfeld broke the back of Swiss bank secrecy. He was the first Swiss banker to file a case under the IRS whistleblower law. The results were unprecedented. UBS bank (at the time the largest bank in the world) had to pay a fine of $780 million. They also had to close all known U.S. accounts, and for the first time in history, the bank turned over the names of 4450 U.S. taxpayers for prosecution in the United States.
Mr. Birkenfeld obtained one of the largest ever individual qui tam IRS whistleblower awards in history of $104 million. But this was just the beginning. In a major law review article, the Chairman of the IRS Advisory Council explained how Birkenfeld’s whistleblowing ended illegal Swiss banking for most Americans, led to the closure of tens of thousands of offshore accounts, and the collection of tens of billions of dollars from tax law violators.