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FORT LAUDERDALE, Florida (Reuters) - A British-born Florida yacht broker and former client of Swiss bank UBS AG received a reduced, two month prison sentence for tax fraud on Friday because he cooperated with a sweeping U.S. investigation into the bank.
Robert Moran, a 58-year-old U.S. citizen who was born in Leicester, England, was sentenced by a federal court judge in Fort Lauderdale. The two month prison term was to be followed by one year of probation.
It was the third case in two weeks in which a former client of UBS was treated with relative leniency because he aided a federal investigation of the bank and its ties with wealthy Americans who evaded taxes by hiding money in secret, offshore accounts.
(Reporting by Tom Brown; Editing by Pascal Fletcher)
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