(Updates with allegations in second paragraph.)
June 15 (Bloomberg) -- A UBS AG client, Robert E. Greeley, was charged by prosecutors in California with filing a false tax return that failed to disclose two Swiss accounts held in the name of Cayman Islands entities that he controlled.
Greeley controlled a UBS account named Meyrin Investors from 2002 through at least 2008 and one named Exchange Preferred Limited from 2004 through at least 2008, according to a criminal charge filed yesterday in federal court in San Francisco. Greeley was charged with filing a 2008 tax return that didn’t disclose those accounts or the interest income earned.
Greeley couldn’t immediately be located for comment, and court records didn’t include the name of his lawyer.
Greeley is one of more than two dozen former UBS clients accused of tax crimes since 2007. Zurich-based UBS avoided U.S. prosecution in February 2009 by paying $780 million, turning over the names of U.S. account holders and saying it helped Americans hide assets from the Internal Revenue Service.
The case is U.S. v. Greeley, 11-cr-374, U.S. District Court, Northern District of California (San Francisco).
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