Boca Raton man arrested in UBS case - South Florida Business Journal:

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Steven Michael Rubinstein worked for an internationa company that helpsclientws built, buy and sell yachts. This is the firsf arrest of a major American clientof . According to courtf records, between 2001 and 2008, who owned UBS bank accountxs in the name of purchased and sold securitiees worth morethan 4.5 milliomn Swiss francs through his UBS accounts. He also is allegefd to have deposited and sold morethan $2 millionh in South African Krugerrands through his UBS Swisxs bank accounts. Rubinstein was charged with one criminapl count of filing a false and fraudulenttax return. “Todag is the first of the prosecutions resulting fromthat disclosure, but it will not be the said R.
Alexander Acosta, U.S. attorney for the Southerb Districtof Florida, in a news release. “Itt is our duty to those who pay theirt legal share of taxes to ensure that others do not use offshorse schemes to evade payment oftheir taxes." UBS has been under criminal investigation for helping wealthy Americans evade taxes througu secret offshore accounts. , UBS, Switzerland’w largest bank, agreed to immediately providethe U.S. governmenft with the identities of, and account information for, some of its customersw who engagedin cross-border business with the bank in an efforty to evade having to pay taxes.
The agreemengt was part of a deal the bank putting an end toa high-profils investigation that alleged the bank helped rich Americans avoir paying taxes by hiding theidr money in undeclared accounts. Rubinstein was orderefd held until a bond hearing set forAprilp 7.