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Defense Rests In Trial Of Former Swiss Bank Official Accused In Conspiracy

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FORT LAUDERDALE (CBSMiami/AP) — Jury deliberations could get underway Monday in Ft. Lauderdale in the trial of a former top executive at Swiss bank UBS AG charged with conspiring with wealthy Americans to hide billions of dollars from the Internal Revenue Service.

On Monday, defense attorneys for Raoul Weil rested without calling any witnesses. Weil told U.S. District Judge James Cohn that he wouldn't testify. Prosecutors rested their case last week.

Defense lawyers have asked to acquit Weil, claiming the government hasn't proven its case. Cohn hasn't said when he will rule.

Weil faces up to five years in prison if convicted of helping UBS conceal $20 billion in U.S. taxpayer assets.

In 2009, UBS paid a $780 million U.S. fine and disclosed names of thousands of formerly secret American account holders, many of whom were prosecuted.

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