We originally posted “Was Raoul Weil the Ex-UBS Banker Your Banker?” where we discussed that an Italian judge ruled on Tuesday, October 22, 2013, that Raoul Weil, the ex-UBS banker wanted in the United States over allegations of helping Americans dodge taxes, must remain in custody while awaiting possible extradition to the U.S.

Now the former head of UBS’s wealth management division, Raoul Weil, has agreed to be extradited to the United States to face charges. United States authorities issued an international arrest warrant for Weil in early 2009, just months after he was charged with allegedly conspiring to help 17,000 American clients of Swiss bank UBS avoid taxes.

Weil is currently in jail in Italy, where he was arrested while on holiday with his family five weeks ago.

Remember the other UBS Banker, Bradley Birkenfeld who became a whistle blower and was awarded a $104 million reward from the U.S. Internal Revenue Service, which set a record for the highest reward ever paid. Birkenfeld, now living in New Hampshire, helped lead the IRS to collect hundreds of millions of dollars in U.S. taxes owed on money stashed in Swiss bank UBS AG, where he once worked.

This may happen all over again, now that Raoul Weil is being extradited to the US.

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