View all newsletters
Have the short, sharp Spear's newsletter delivered to your inbox each week
  1. Wealth
November 2, 2009

Reuters: US UBS client gets three months in jail

By Spear's

MIAMI, Oct 30 (Reuters) – A tax evader turned government informant received a light sentence in Florida on Friday because he cooperated in a high-profile U.S. probe of Swiss bank UBS AG (UBSN.VX).

MIAMI, Oct 30 (Reuters) – A tax evader turned government informant received a light sentence in Florida on Friday because he cooperated in a high-profile U.S. probe of Swiss bank UBS AG (UBSN.VX).

It was the second case this week in which a former U.S. client of the Swiss bank was treated lightly due to the assistance he gave federal investigators.

Jeffrey Chernick, a 70-year-old New York businessman, was sentenced by a federal court judge in Fort Lauderdale, Florida to three months imprisonment followed by one year of probation, a court official told Reuters.

He had initially faced a maximum three years prison term. His lawyers had sought a probation sentence that would have kept him out of jail.

To read the full story, visit reuters.com

Content from our partners
Meet the females leading in the FTSE
A cut above: Charles Sanford on why HNW clients choose LGT Wealth Management
How the Thuso Group’s invaluable experience and expertise shaped the Spear’s Schools Index 2024

Select and enter your email address The short, sharp email newsletter from Spear’s
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network