An ex-employee of UBS Group AG charged with stealing data on the bank’s clients and selling it to German tax authorities stands trial in Switzerland on Monday, in a case that rakes up the thorny issue of whether such leaks are the work of a whistleblower or a thief. The man, whom Bloomberg is only identifying as Rene S., is accused of commercial espionage, violation of Swiss banking secrecy, money-laundering and illegal munitions possession, according to the indictment drawn up by Swiss federal prosecutors. The Basel native is suspected of stealing, over the span of a few days in 2010, details on more than 200 clients including over 30 family foundations that he allegedly sold to German officials, pocketing 1.15 million euros ($1.3 million) in the process.
— source bloomberg.com | Jan 7, 2019