Raoul Weil, the former head of UBS’s Global Wealth Management business appeared before the U.S. District Court in Fort Lauderdale Tuesday, January 7, 2014, and entered a plea of not guilty.

According to the Associated Press, prosecutors contend that Weil conspired to hide $20 billion in assets from the Internal Revenue Service using secret overseas accounts for thousands of wealthy customers. 

The AP article is linked here: Ex-UBS Banker Pleads Not Guilty in US Tax Case

Mr. Weil was indicted based on information provided to the IRS and DOJ by UBS whistleblower Bradley Birkenfeld.  A copy of the Weil indictment is attached.