November 18, 2011 / 3:11 PM / 6 years ago

Ex-UBS banker sentenced in U.S. for tax evasion

1 Min Read

MIAMI, Nov 18 (Reuters) - A former senior UBS private banker who helped the U.S. government expand its crackdown on offshore tax evasion was sentenced to five years probation on Friday for advising wealthy Americans on ways to hide their money from U.S. tax authorities.

Renzo Gadola, who worked at giant Swiss bank UBS AG from 1995 to 2008, pleaded guilty in December. He was arrested in Miami after officials secretly taped him meeting a client at a luxury hotel.

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