Billionaire Igor Olenicoff is suing UBS for allegedly not telling him the truth about his US tax liabilities for his Swiss bank account. However, the real case here is which of the two parties has less credibility. Olenicoff says UBS pulled a fast one when it came to his tax liabilities and,”tarred his reputation and cheated him out of millions of dollars.” While lamenting his newly shattered reputation, Olenicoff seemingly forgot that he already pleaded guilty to filing a false tax return in 2002 and failing to declare offshore accounts in four different countries from 1998 to 2004. So really this is just a case of some bitter guy trying to bring down an innocent big bank because he got busted, right?

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