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Taxpayers must pay the freight for over-budget train projects
Topic - Brad Birkenfeld
The IRS awarded the largest whistle-blower award in history — $104 million — to a former banker who gave information that helped expose a $20 billion offshore banking scheme, the recipient's attorneys said Tuesday.
The "single most important event" in cases where ordinary citizens step forward to reveal fraud and corruption, according to Stephen Kohn, is "who you blow the whistle to and what you say."
A former banker who provided key assistance in the U.S. tax evasion probe of Swiss banking giant UBS AG reported to prison Friday and said his cooperation should have earned him the federal government's gratitude, not time behind bars.
"I think it's an injustice," he said Friday as he reported to a federal prison to begin his sentence. "I'm a proud American who did the best I could for my country and this is how they reward me."
Bradley Birkenfeld, 44, a former private banker for UBS, said his whistle-blowing exposed "the largest tax fraud in the world" and allowed the Internal Revenue Service to recover billions of dollars in lost revenue.