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Author Archives: Bloomberg News

Ex-UBS banker’s acquittal shows tax prosecution difficulty

Raoul Weil, who once ran UBS AG’s global wealth-management business, was cleared at trial of tax conspiracy despite the bank’s historic admission in 2009 that it helped thousands of U.S. clients abuse Swiss bank secrecy to cheat the Internal Revenue Service.

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AIG lawyer has an upset shot in bailout case

Lawyer David Boies has a shot at an upset win in the trial of Maurice “Hank” Greenberg’s $25 billion bailout case against the U.S. government, a turnaround from the weak odds he was given just a month ago.

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Boston bomb suspect’s friend found guilty of lying to FBI

A former college student and close friend of accused Boston Marathon bomber Dzhokhar Tsarnaev was found guilty of lying to federal agents about visiting the suspect’s dorm room when incriminating evidence was removed.

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Law enforcement requests for U.S. mail lack controls, audit says

The U.S. Postal Service granted 49,000 law enforcement requests to track mail in 2013 under a program that often lacked proper approval, adequate justification and neglected required annual reviews, an agency audit found.

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BofA’s mortgage settlement stalls over SEC policy fight

A final piece of Bank of America Corp.’s record $16.7 billion toxic-mortgage settlement is being held up by an internal fight at the U.S. Securities and Exchange Commission, said four people familiar with the case.

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