Renzo Gadola, Ex-UBS Banker, Sentenced For Aiding U.S. Tax Evasion

By Huffingtonpost

A former senior UBS banker who helped the U.S. government expand its crackdown on offshore tax evasion was sentenced to five years probation Friday for advising wealthy Americans on ways to hide their money from U.S. tax authorities.

Renzo Gadola, who worked at Swiss bank UBS AG from 1995 to 2008, pleaded guilty in December to charges of conspiracy to defraud the United States.

Almost immediately after his arrest on Nov. 8, 2010, Gadola started cooperating with U.S. officials, providing key insight into other bankers and Swiss financial institutions offering offshore banking services, according to prosecutors.

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