Ex-Wives Eagerly Await UBS Tax-Cheater List

22. August 2009 by Dan Walkow, CFA, CMT.

The release of the names of persons who hid money in off-shore accounts by UBS is now takings on momentum with Canada joining the fray this week. The IRS has been speaking out on the topic saying that they will not stop at Swiss bank accounts only but will open up to other jurisdictions such as Hong Kong.

Meanwihle as names become public other creditors and ex-wives are lining up.

In Time:

It’s not just the U.S. government that wants to get its hands on the list of Americans who hold secretive Swiss bank accounts. Ex-wives, creditors and former business partners are also salivating over the idea that a settlement between the U.S., the Swiss government and a Swiss bank may lead to the public disclosure of as many as 4,450 U.S. individuals that used the foreign bank accounts to hide money. Prominent New York City divorce lawyer Raoul Lionel Felder says he is already getting calls from clients who want to know what they can do to get their portion of the money they always suspected their ex–loved one had tucked away overseas. Read more.

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