Another UBS client gets reduced tax fraud sentence

FORT LAUDERDALE, Fla., Nov 6 (Reuters) - A British-born Florida yacht broker and former client of Swiss bank UBS AG (UBSN: Quote, Profile, Research) 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)