Ex-Wives and Others Eagerly Await the UBS Tax-Cheater List

http://www.time.com/time/printout/0,8816,1917829,00.html

Friday, Aug. 21, 2009

By Stephen Gandel

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.

"You see allegations of Swiss bank accounts in divorce proceedings all the time," says Felder, whose clients have included Rudy Giuliani, Robin Givens and the former Mrs. Martin Scorsese. "A lot of divorces are going to get opened up." (See the top 10 tax dodgers.)

Tax evasion may only be the beginning of the legal problems facing holders of secret UBS accounts. On Aug. 19, UBS, Switzerland's second largest bank, agreed to hand over the names of thousands of American clients suspected by the IRS of evading taxes. The settlement comes after well over a year of investigation by the U.S. government into allegations of tax fraud at the Swiss bank. Should the names become public, lawyers say a raft of lawsuits could hit the account holders from creditors and business partners who may have long believed that the individuals using the accounts were hiding money that wasn't rightfully theirs.

--snip--

...then their ex-loved ones can have what's left.

Frankly, I'd like to know how they decided on these 4,500 names when there are 52,000 or more accounts of American tax cheats...

the rest are probably connected to the CIA hit squads.

I have one family member who, a couple of years ago, filed on time but due to finances was not able to pay the taxes due. She worked out a payment plan with the IRS, including interest and penalties, and will soon have her obligation paid off. But the thought of these tax cheats working deals with the IRS through negotiations really infuriates me.

It's the "Leona Helmsley" mindset...

Just trying to get out of the prison time....

punks

Some of it should be funnier than hell.

What a surprise. LOL! I hope he gets his comin upings.

That filthy coward Phil "Nation of Whiners" Gramm and his wife Wendy? He's been awful quiet lately.