Defense rests in tax fraud trial of ex-UBS exec - Tri-State News, Weather & Sports

Defense rests in tax fraud trial of ex-UBS exec

 The defense rested without calling any witnesses in the South Florida trial of a former top executive at Swiss bank UBS AG charged with conspiring with wealthy Americans to hide billions of dollars from the Internal Revenue Service.

Raoul Weil told U.S. District Judge James Cohn on Monday that he wouldn't testify. Prosecutors rested their case last week.

Defense lawyers have asked to acquit Weil, claiming the government hasn't proven its case. Cohn hasn't said when he will rule.

Weil faces up to five years in prison if convicted of helping UBS conceal $20 billion in U.S. taxpayer assets. Jurors could begin deliberating Monday.

In 2009, UBS paid a $780 million U.S. fine and disclosed names of thousands of formerly secret American account holders, many of whom were prosecuted.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
  • LOCALMore>>

  • Child involved in mobile home fire earlier this month has died

    Child involved in mobile home fire earlier this month has died

    Sunday, July 22 2018 11:18 PM EDT2018-07-23 03:18:51 GMT
    Ivy, Ireland, and John-Ross Henry (From Facebook)Ivy, Ireland, and John-Ross Henry (From Facebook)
    Ivy, Ireland, and John-Ross Henry (From Facebook)Ivy, Ireland, and John-Ross Henry (From Facebook)
    We have an update on a deadly fire in Ohio County.  Another child has died as a result of the mobile home fire that happened earlier this month.  Christin Henry posted the sad news on Facebook late Sunday. Ireland was seven-years-old. Her brother, four-year-old brother John-Ross Henry, died at the hospital two weeks ago.  Two-year-old Ivy Henry was found dead inside the home the day of the fire. Copyright 2018 WFIE. All rights reserved.More >>
    We have an update on a deadly fire in Ohio County.  Another child has died as a result of the mobile home fire that happened earlier this month.  Christin Henry posted the sad news on Facebook late Sunday. Ireland was seven-years-old. Her brother, four-year-old brother John-Ross Henry, died at the hospital two weeks ago.  Two-year-old Ivy Henry was found dead inside the home the day of the fire. Copyright 2018 WFIE. All rights reserved.More >>
  • Crews finish final preparations for 2018 Vanderburgh county fair

    Crews finish final preparations for 2018 Vanderburgh county fair

    Sunday, July 22 2018 10:15 PM EDT2018-07-23 02:15:35 GMT
    WFIEWFIE
    WFIEWFIE

    For a week now, crews have been putting up rides, tents, and stages at the Vanderburgh County 4-H Center for the annual county fair. Officials say that preparations for this year's fair began immediately following the 2017 fair, but today was all about putting the finishing touches on the week-long event. 

    More >>

    For a week now, crews have been putting up rides, tents, and stages at the Vanderburgh County 4-H Center for the annual county fair. Officials say that preparations for this year's fair began immediately following the 2017 fair, but today was all about putting the finishing touches on the week-long event. 

    More >>
  • Union Co. man surprised with motorcycle from friends

    Union Co. man surprised with motorcycle from friends

    Sunday, July 22 2018 7:39 PM EDT2018-07-22 23:39:37 GMT

    Jason Stone describes the life of bikers as a brotherhood.  He says that everybody is family when you're on a bike.

    More >>

    Jason Stone describes the life of bikers as a brotherhood.  He says that everybody is family when you're on a bike.

    More >>
Powered by Frankly