FORT LAUDERDALE, Fla. (AP) - A delay is likely in the scheduled February trial date for a former senior executive at Swiss bank UBS AG charged with tax fraud conspiracy.
A prosecutor and a defense attorney for Raoul Weil told a judge at a brief hearing Wednesday that a delay is needed from the Feb. 18 date because there are massive amounts of evidence. More than 3.8 million documents have been turned over to Weil’s defense.
A new trial date would be set later.
Weil formerly ran Global Wealth Management at UBS. He pleaded not guilty to the tax charge, which involves tax evasion by wealthy U.S. citizens.
In 2009, UBS paid a $780 million fine and turned over thousands of names of customers to U.S. investigators. Many of them have been prosecuted.
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