Mr. Birkenfeld's lawyers said it is believed to be the largest reward ever given to an individual whistleblower in the U.S. The Internal Revenue Service issued a statement confirming the award had recently been made, because Mr. Birkenfeld signed a disclosure waiver, but didn't comment on whether it is the largest whistleblower award.
Mr. Birkenfeld told U.S. investigators about illicit practices allegedly encouraged by UBS. In 2009, the Swiss bank paid $780 million to resolve a pending criminal case and agreed to turn over information about more than 4,000 secret account holders who were U.S. taxpayers, lifting the veil on Swiss bank secrecy.
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