Bradley Birkenfeld

Quick Facts

Full Name	Bradley Birkenfeld
Occupation	American Banker
Date Of Birth	Feb 26, 1965(1965-02-26)
Age	59
Birthplace	Brookline
Country	United States
Birth City	Massachusetts
Horoscope	Aquarius

Bradley Birkenfeld Biography

Bradley Birkenfeld is one of the most popular and richest American banker who was born on February 26, 1965 in Brookline, Massachusetts, United States. Birkenfeld was born February 26, 1965 located in Brookline, Massachusetts, a suburb of Boston. He was the son of a neurosurgeon. Birkenfeld was a student at Thayer Academy, a prep school. He completed his studies at Norwich University in Vermont in 1988. Birkenfeld is Jewish His paternal grandpa, Max moved to United States from Romania in 1922. He earned a master’s degree in the American Graduate School of Business in La Tour-de- Peilz, Switzerland.

After learning of UBS Switzerland AG dealings in the U.S., Birkenfeld resigned on the 5th of October of 2005. He was then an associate at Union Charter Ltd., which specialized in managing wealth. The year 2007 was the first time he revealed in authorities at the U.S. Department of Justice (DOJ) what he was aware of about UBS’s shady practices and attempts to profit from of the Tax Relief and Health Care Act of 2006 which could give him up 30 percent of any tax revenue that is recouped by IRS. However, due to the fact that the company did not disclose all and complete details for U.S. authorities, Birkenfeld was detained in Boston on May 7, 2008 after he deplaned from Switzerland to be arraigned in the U.S. District Court, Southern District of Florida on 13 May. Birkenfeld was fired from his position at Union Charter on 3 June 2008, after pleading guilty of not disclosing correct details. As a private banking professional, Birkenfeld provided advice to California property developer Igor Olenicoff, to evade U.S. taxes worth approximately 200 million dollars. Olenicoff was later found guilty of tax evasion, and was sentenced to pay an amount of $52 million in fines and escaped the possibility of a prison sentence. U.S. District Judge William Zloch accused him of one charge of fraud in authorities in the United States and sentenced Birkenfeld to prison for 40 months as well as a fine of $30,000. Birkenfeld spent time in Schuylkill County Federal Correctional Institution from January 2010 to August 2012. Schuylkill County Federal Correctional Institution from January 2010 until August 2012. In 2012, in the wake the whistleblower’s status Birkenfeld was awarded by the U.S. Internal Revenue Service (IRS) gave him $104 million, which is 26 percent of the tax refund of $400 million.

Birkenfeld has compared the Swiss banking industry with gangsters. “In essence, bank secrecy is analogous to criminal racketeering — and the Swiss government, along with every Swiss private banker, is a co-conspirator.”

In January 2015, Birkenfeld was subpoenaed by a French magistrate investigating the abetting of tax evasion and tax fraud by French citizens at UBS. In February 2015, he was allowed to travel to France from 27 February to 1 March 2015 to appear before the French court. The French court is investigating allegations that UBS marketed Swiss numbered bank accounts to French citizens to allow them to hide their assets.

Birkenfeld is considered an incriminator and “traitor” by some members of the Swiss banking and public sector because he violated the country’s confidentiality laws for banks. While he was able to leave Switzerland before disclosing his details about his banking clients If he had remained in the country, he could be investigated in the eyes of Zurich officials for up to three and five years in prison, and the corresponding penalties. When asked if he’d come back to Switzerland, Birkenfeld stated: “I don’t believe I will.” UBS declared that they will stop providing cross-border private banking services to U.S.-domiciled clients via its non-U.S. controlled units from July 2008.

Bradley Birkenfeld Net Worth

Bradley Birkenfeld is one of the richest American Banker from United States. According to our analysis, Wikipedia, Forbes & Business Insider, Bradley Birkenfeld 's net worth $5 Million. (Last Update: December 11, 2023)

Bradley Charles Birkenfeld (born February 26th 1965) is a American private- banker who is a convicted felon and whistleblower. In the mid- to late 2000s, he issued numerous disclosures concerning UBS Group AG clients, in contravention of Swiss law on banking secrecy, and to authorities from the U.S. government alleging possible tax fraud. In 2007, dubbed the “Birkenfeld Disclosure”, the U.S. Department of Justice (DOJ) declared that it had signed a deferred-prosecution agreement with UBS that led to the payment of a fine of $780 million and disclosure of protected information about American tax criminals.

Birkenfeld started his banking career within the department of currency trading for State Street Bank & Trust in Boston. Birkenfeld says he was the first to signaled the existence of criminal activities working at State Street, approaching the Federal Bureau of Investigation (FBI) in 1994. The investigation did not result in any indictments. He claims that the FBI offered him of joining the FBI after the incident however that claim is not confirmed. He was in 1996 when he joined as a private banking employee at Credit Suisse before moving on to Barclay’s Bank in 1998. Then, in October of 2001 Birkenfeld was hired by UBS at Geneva, Switzerland, again as a private banking professional offering the services of wealth management. The main responsibility of his job was to convince wealthy Americans to transfer their wealth into the UBS bank account, which allowed the bank to conceal their assets because of the strict laws regarding banking secrecy in Switzerland and avoid having to pay U.S. taxes. In the words of Birkenfeld, UBS sponsored events like art exhibitions or yacht racing across America. United States to attract wealthy individuals as prospective clients.

In the United States, he was convicted by the DOJ for a single charge of fraud conspiracy and served 40 months in a federal penitentiary from 2010 to 2012 with a fine of $30,000. After he applied for whistleblower status and protection, the Internal Revenue Service (IRS) awarded him a settlement of $104 million through their Whistleblower Office.

Height, Weight & Body Measurements

Bradley Birkenfeld height Not available right now. Bradley weight Not Known & body measurements will update soon.

Who is Bradley Birkenfeld Dating?

According to our records, Bradley Birkenfeld is possibily single & has not been previously engaged. As of December 1, 2023, Bradley Birkenfeld’s is not dating anyone.

Relationships Record : We have no records of past relationships for Bradley Birkenfeld. You may help us to build the dating records for Bradley Birkenfeld!

Facts & Trivia

Bradley Ranked on the list of most popular American banker. Also ranked in the elit list of famous people born in United States. Bradley Birkenfeld celebrates birthday on February 26 of every year.

Where is Bradley Birkenfeld now?

Bradley Birkenfeld was released from federal prison in August 2012 after serving 2½ years for his role as a Swiss banker hiding millions of dollars for wealthy American clients. Five weeks later, he found himself in the kitchen of a small rental house in Raymond, New Hampshire.

What did the Department of Justice gain from prosecuting Birkenfeld?

Bradley Birkenfeld served the public interest His work also led to the creation of IRS amnesty programs , under which the United States recovered $20 billion for taxpayers from 33,000 people who admitted to holding illegal offshore bank accounts.

Why did Bradley Birkenfeld go to jail?

Bradley C. Birkenfeld, 51, blew the whistle on the Swiss bank UBS for helping Americans avoid paying taxes , leading to about $15 billion in recovered tax money, fines and penalties. He spent two and a half years in prison, but he later was awarded $104 million by the I.R.S. for his role in exposing the scheme.

Who went to jail for the housing market crash?

Kareem Serageldin (/ˈsɛrəɡɛldɪn/) (born in 1973) is a former executive at Credit Suisse. He is notable for being the only banker in the United States to be sentenced to jail time as a result of the financial crisis of 2007–2008, a conviction resulting from mismarking bond prices to hide losses.

What happened in the Bradley Birkenfeld case and how does that relate to

whistleblowing?

In fact, by blowing the whistle, Mr. Birkenfeld’s disclosure directly led to a groundbreaking legal settlement in which UBS agreed to pay $780 million in fines, and UBS and the Swiss Government agreed to turn over the names of thousands of Americans suspected of tax evasion.