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IGOR'S BANKER FLIPS

June 23, 2008

Former UBS banker Bradley Birkenfeld pleaded guilty to helping real estate mogul Igor Olenicoff evade $7.2 million in taxes last week. He supposedly will be spilling the beans on UBS's alleged high-end tax evasion boutique. The TaxProf has a roundup. Linda Beale links to the "statement of facts" for the plea deal that spells out how the schemes worked (Jewelry smuggling? How... common). UBS stock fell about $2 last week, to about $22.

Tags: tax crime.

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