Tuesday, August 25, 2009

Ex-Wives May Pounce on Secret UBS Bank Accounts

Some guys can't catch a break.

Suspicious ex-wives are hot on the heels of the names released by Switzerland to the US government of those hiding Swiss bank accounts, according to a report from Time Magazine.

UBS has agreed to give up the account details of as many as 4,450 Americans.

The individuals in question are suspected by the Internal Revenue Service of tax evasion. But some believe that the accounts could have aslo been used to hide cash not just from the tax man.
If the names are released to the public, the account holders could see a flurry of lawsuits from ex-wives, creditors and business partners on suspicion of hidden money, lawyers told Time.


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