UBS Whistleblower Will Hold Brief Press Conference Tomorrow Before Surrendering to Federal Authorities
Washington, D.C. January 7, 2010. UBS whistleblower Bradley Birkenfeld will surrender to U.S. authorities and report to Schuylkill County Federal Correctional Institution in Minersville, Pennsylvania, at 2pm, Friday, January 8, 2010.
Prior to entering the penitentiary, at approximately 1:15 pm, Mr. Birkenfeld and his counsel will make brief public remarks.
Mr. Birkenfeld will commence serving a 40-month sentence as a direct result of blowing the whistle on one of the largest tax fraud schemes in U.S. history, which has resulted in UBS bank paying a $780 m illion dollar penalty to the United States, and over 14,000 “taxpayers” voluntarily disclosing their illegal offshore accounts. Despite the fact that Mr. Birkenfeld’s disclosures have resulted in a multi-billion dollar net-gain to American taxpayers, and have forced UBS bank to shut down a massive illegal offshore banking practice, Mr. Birkenfeld was sentenced to an unprecedented 40-months in prison.
