Italy detains ex-UBS banker wanted in US accused of helping clients evade tax

MILAN – Police in the Italian city of Bologna say they have arrested a former banker wanted in the United States for allegedly helping wealthy clients to set up Swiss bank accounts and evade U.S. taxes

They said Monday that when Raoul Weil checked into a hotel Friday evening, authorities were alerted that he is wanted in the U.S. on an international arrest warrant.

Weil was indicted in 2008 in Florida on charges that he conspired to defraud the government when he was chief of UBS’s wealth management business. Weil’s lawyer has said his client is innocent, and that the charges should have been dropped when USB agreed to turn over clients’ names in 2009 to settle allegations it conspired to defraud the U.S. government of taxes.