A UBS banking client who pleaded guilty to concealing $6.1 million in secret Swiss bank accounts has been sentenced to five years’ probation, even as the whistleblower who helped expose the UBS tax evasion scheme is set to begin a prison term Friday.
Juergen Homann, 67, of Saddle River, N.J., pleaded guilty in September to failing to file a Report of Foreign Bank or Financial Accounts, or FBAR, form for 2007. Homann, a naturalized U.S. citizen and German native who runs a company that trades minerals and chemicals, accepted responsibility for failing to report his Swiss bank account on the F-BAR form and on his personal income tax return.
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