'Holocaust' tax dodger jailed for hiding funds in UBS

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A US watchmaker said he hid funds in a Swiss bank account because of "survival behaviour" learned from the Holocaust.

The 65 year-old watchmaker, Jack Barouh, argued his secretive behaviour was motivated by his fear as a Jew of persecution and sudden loss.

He is just one of many US citizens being tried for tax evasion who held secret accounts at the Swiss bank, UBS.

The bank last year admitted to the US government it had hundreds of such accounts.

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