Weekly Roundup: Liechtenstein Offers U.K. Clients a Chance to Fess Up, Ponzi Schemer Rothstein Gets 50 Years in Prison, And More

While many eyes are on Switzerland and an anticipated June 18 vote that will determine if the names of 4,450 UBS AG account holders will be handed over to U.S. authorities, Liechtenstein is offering its British bank clients an opportunity to fess up to unpaid taxes. More Liechtenstein and the United Kingdom have struck a deal that allows the principality to give its British bank clientele until the end of March 2015 to admit to unpaid taxes to U.K. authorities, Bloomberg reported on June 11. The deal grants those who come clean a penalty "as little as 25 percent of...