UBS IS CROOKED

Phil Gramm, major advisor to McWAR, sits on the board of a crooked bank, UBS. UBS helped extremely wealthy Americans illegally evade income taxes and now has warned its employees not to travel to the U.S. for fear of being arrested.

WHEN WILL McCAIN ASK FOR GRAMM'S RESIGNATION?


UBS tells unit staff to avoid US visits
By Haig Simonian in Zurich
Published: May 27 2008 23:30 Last updated: May 27 2008 23:30
FINANCIAL TIMES


UBS has told members of its former private banking team responsible for rich US clients not to travel to America.

The Swiss bank has also made lawyers available to the more than 50 bankers involved, many of whom have left UBS since it decided last November to wind down its cross-border private banking business for US ­customers.

The move follows the recent indictment of one of the unit’s former senior executives, Bradley Birkenfeld, who US authorities have accused of helping a billionaire client evade taxes.

Martin Liechti, UBS’s Swiss-based head of international private banking for North and South America, was detained by the US authorities last month and remains in the US as a “material witness.”