Monday, November 19, 2018

Note to Spies: Get a retainer.

A former employee at UBS Group AG’s French unit whose spying helped build a $6 billion tax case against the bank found the value of her work after she lost her job: 3,000 euros ($3,400).

The relatively paltry sum is all Stephanie Gibaud -- who organized events for wealthy UBS France clients before she was fired in 2012 -- got from a lawsuit she filed last year against the government to obtain 3.5 million euros. The court made its decision Thursday.

The Paris administrative court acknowledged her contribution and recognized the “stress”  she suffered for it. Gibaud, 53, was also given an official status as “an occasional assistant to the public service” seven years after she aided investigators during a surveillance mission of UBS bankers and clients at an event organized around the 2011 Roland-Garros tennis tournament. more