U.S. ex-client of UBS gets light tax fraud sentence
MIAMI |
MIAMI Oct 30 (Reuters) - A U.S. former client of UBS AG (UBSN.VX) received a lenient, three-month prison sentence on Friday because he helped a high-profile U.S. probe of wealthy Americans who used the Swiss bank to hide money overseas.
Jeffrey Chernick, 70, was sentenced by a federal court judge in Fort Lauderdale, Florida.
On Wednesday, another former U.S. customer of UBS received a one-year house arrest sentence and a fine after he had also collaborated in the U.S. case against the bank. (Writing by Tom Brown; Editing by Pascal Fletcher)
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