The Woman Who Stood Against UBS: A Whistleblower's Story

TLDRStephanie Gibaud, a former employee of UBS, refused to delete files related to offshore accounts. She faced harassment, discrimination, and isolation before being fired. Despite legal battles, she seeks recognition as a whistleblower.

Key insights

💔UBS facilitated tax evasion schemes for American clients, leading to a $780 million penalty.

💼Gibaud's role at UBS involved creating tailor-made events to build trust with wealthy clients.

🤐UBS tried to fire Gibaud and sued her for defamation when she wrote a book exposing the wrongdoing.

🔥Gibaud's documents helped identify 38,000 offshore bank accounts totaling $12 billion.

💔Despite UBS paying a record fine of $4.9 billion, Gibaud was financially ruined and blacklisted.

Q&A

What led Stephanie Gibaud to refuse to delete her files at UBS?

The revelation that UBS was facilitating tax evasion schemes for American clients, leading to a hefty penalty, sparked Gibaud's refusal.

How did UBS respond to Gibaud's refusal?

UBS attempted to fire Gibaud and subjected her to harassment, discrimination, and isolation.

Why did UBS sue Gibaud for defamation?

UBS sued Gibaud after she wrote a book, The Woman Who Knew Too Much, exposing the wrongdoing. The bank sought to silence her.

How did Gibaud's documents contribute to the uncovering of offshore bank accounts?

Her refusal to delete the files allowed the identification of 38,000 offshore bank accounts amounting to $12 billion.

What has been the impact on Stephanie Gibaud's life after blowing the whistle on UBS?

Gibaud was financially ruined and blacklisted from the financial sector, facing ongoing legal battles to seek recognition as a whistleblower.

Timestamped Summary

00:22Stephanie Gibaud was ordered to delete files related to offshore accounts at UBS.

00:47UBS was involved in facilitating tax evasion schemes, leading to a $780 million penalty.

01:36Gibaud refused to delete her files and protested to UBS management and regulators.

02:29Her documents helped identify 38,000 offshore bank accounts totaling $12 billion.

02:55UBS attempted to fire Gibaud as part of a mass redundancy during the financial crisis.

03:48Gibaud was sued for defamation by UBS after writing a book exposing the wrongdoing.

07:57Gibaud's role at UBS involved creating tailor-made events to build trust with wealthy clients.

20:33Gibaud faced harassment, discrimination, and isolation during her time at UBS.