Ex-UBS Worker Guilty of Money Laundering in Data Theft Case
- Rene S. given 3 1/3 years after skipping trial, verdict
- Man acquitted of separate charge of bank secrecy violations
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A former UBS Group AG employee, who fled the country rather than face trial, was found guilty of money laundering by a Swiss court over allegations of the theft and sale of client data to German tax authorities.
Rene S., as Bloomberg has identified him, was sentenced by a court in Bellinzona, Switzerland, to serve three years and four months in prison. He was cleared, however, of more serious charges of breaking the country’s bank-secrecy rules.