Tax
Ex-UBS Banker to Plead Guilty to Aiding US Tax Evader

A former
UBS banker has agreed to plead guilty to helping a
billionaire real-estate mogul evade
US taxes on money held in bank accounts in
Switzerland and
Liechtenstein, the
US Justice Department said, according to media reports.
Bradley Birkenfeld, who worked in the firm's private banking
division, scheduled a "change of plea" hearing for 9 June in
federal court in
Fort Lauderdale,
Florida, according to court papers. The filing notes that the
judge "will ask for a full confession."
Mr Birkenfeld, who worked at UBS from 2001 to 2006, had pleaded
not guilty earlier this month after he was indicted
with Mario Staggl of
Liechtenstein. Mr Staggl is a fugitive, prosecutors have said.
The case is part of a growing
US investigation into whether the Swiss bank helped clients avoid
paying taxes. The probe has added to the trouble swirling around
the bank, which has also been hit hard by the subprime loan
crisis.
By changing his plea, Mr Birkenfeld is signalling he will help prosecutors and identify other UBS customers who shielded assets to escape paying income taxes, Eileen O'Connor, former head of the Justice Department's tax division, was quoted by Bloomberg as saying.
The indictment alleges Mr Birkenfeld and Mr Staggl attempted to
sidestep rules in a U.S.-Switzerland tax treaty that requires
information to be exchanged on some financial transactions. The
pair - and others not identified by prosecutors - allegedly
travelled to the
US to pitch their schemes.