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US seeks probation for Ex-UBS banker in tax evasion case

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U.S. prosecutors are recommending probation for a former executive at Swiss bank UBS AG because of his extensive cooperation in a long-running U.S. investigation into tax evasion using secret accounts. A U.S. sentencing memo filed Monday asks a judge to order five years' probation and a $150,000 fine for Hansruedi…

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