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Man in the News: Bradley Birkenfeld¡¡By Haig Simonian¡¡Published: August 14 2009 18:36
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UBS Tax Crackdown Widens to Hong Kong ¡¡AUGUST 17, 2009
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The U.S. crackdown on clients of UBS AG is widening into a global hunt, with the government detailing in court
documents how the Swiss bank and outside advisers helped Americans hide money using enterprises set up in Hong
Kong.
ÊÆ¹ñÀ¯Éܤˤè¤ëUBS-AG¤Î¸ÜµÒ¤Ë¤Ä¤¤¤Æ¤ÎæÀǤÎÄɵڤ¬¥°¥í¡¼¥Ð¥ë¤ÊŸ³«¤Ë¤Ê¤Ã¤Æ¤ª¤ê¡¢
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For the first time in the government's long-running bid to ferret out the names of U.S. tax-evaders from the Swiss
bank's client list, plea agreements entered in the case are providing a clearer picture of UBS's sophisticated efforts
to help Americans hide income or the existence of foreign bank accounts.
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The Hong Kong link is important because the Justice Department and Internal Revenue Service are apparently using
that as a clue of wrongdoing as they plow through some 250 names that UBS turned over to the U.S. government, say
people familiar with the Justice Department probe. The bank handed over the names as part of a criminal settlement it
agreed to in February.
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The documents state that Mr. McCarthy, of Malibu, Calif., controlled a UBS account opened in Switzerland in 2003 in the
name of a Hong Kong entity, COGS Enterprises Ltd. Mr. McCarthy, with the help of UBS and an unnamed Swiss lawyer,
moved funds from a Los Angeles business into an unidentified U.S. bank account and then into the COGS account at
UBS. He directed the transfer of more than $1 million to the COGS account, the statement of facts said.
Ë¡Äî¤ËÄó½Ð¤µ¤ì¤¿Ê¸½ñ¤Ï
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¹á¹Á¤Î´ë¶È¤Ç¤¢¤ëCOGS Enterprises Ltd.¤Î̾Á°¤ò»È¤Ã¤Æ¤¤¤¿¤È¤·¤Æ¤¤¤ë¡¢
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Between 2003 and 2008, Mr. McCarthy talked with UBS representatives and the Swiss lawyer in Beverly Hills and
Switzerland to hash out details of his business, according to the statement. UBS representatives told Mr. McCarthy
that "a lot of United States clients don't report their income and just take it off the top."
2003ǯ¤«¤é2008ǯ¤Þ¤ÇMr. McCarthy¤Ï
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UBS¤Î¹Ô°÷¤ÏMr. McCarthy¤ËÂФ·¤Æ
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At one point, the Swiss lawyer recommended to Mr. McCarthy that he set up a Liechtenstein foundation that would
serve as an umbrella over a Panamanian or Hong Kong corporation. That "would allow for an extra layer of privacy and
help to conceal" Mr. McCarthy's identity, said the statement of facts.
¤¢¤ë¤È¤¥¹¥¤¥¹¤ÎˡΧ²È¤ÏMr. McCarthy¤Ë¥ê¥Ò¥Æ¥ó¥·¥å¥¿¥¤¥ó¤Ë´ð¶â¤ò½àÈ÷¤·¡¢
¥Ñ¥Ê¥Þ¤¢¤ë¤¤¤Ï¹á¹Á¤Î´ë¶È¤ËÂФ¹¤ë»±¤ÎÌò³ä¤ò²Ì¤¿¤¹¤è¤¦¤Ë¤¹¤ë»ö¤ò´«¤á¤¿¡£
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.According to a person familiar with the UBS structures, a number of outside fiduciary advisers offered templates for
setting up offshore structures on behalf of UBS clients.
UBS¤Î»ö¾ð¤Ë¾Ü¤·¤¤´Ø·¸¼Ô¤Ë¤è¤ì¤Ð¡¢´ö¿Í¤â¤Î³°Éô¤Î¼õÂ÷¥¢¥É¥Ð¥¤¥¶¡¼¤¬
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