Bradley Birkenfeld: UBS Informant To Begin Prison Sentence Friday MIAMI (CURT ANDERSON -- AP) -- A federal judge refused Monday to postpone prison or consider a lighter sentence for a former Swiss banker-turned-informant who helped launch a massive U.S. tax evasion investigation into banking giant UBS AG.
The decision by U.S. District Judge William Zloch means Bradley Birkenfeld must report to prison Friday to begin a sentence of three years and four months, which is longer than what prosecutors had sought. Zloch also refused to schedule a hearing on whether to reconsider the sentence. Birkenfeld pleaded guilty last year to a fraud conspiracy charge.
Prosecutors credit Birkenfeld, 44, with exposing wrongdoing at UBS and leading investigators to thousands of suspected American tax cheaters who hid assets in the Swiss bank's accounts. But they also said Birkenfeld failed to disclose his own crimes, including his work for a California real estate magnate who pleaded guilty in 2007 to tax charges.
The Washington-based National Whistleblowers Center, whose attorneys are representing Birkenfeld, said in a statement that putting such a prominent informant in prison could "kill the goose that laid the golden eggs" by deterring others from coming forward.
"If the (Obama) administration is actually serious about going after offshore tax evasion they need to be encouraging whistleblowers, not throwing them in jail," said Dean Zerbe, special counsel at the Whistleblowers Center.
To view 13min "60 Minutes" video click the link:
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