Al Capone 11 years in federal prison. After conviction, he replaced his defense team with experts in tax law, and his grounds for appeal were strengthened by a Supreme Court ruling, but his appeal ultimately failed. Capone showed signs of syphilitic dementia early in his sentence and became increasingly debilitated before being released after eight years of incarceration. On January 25, 1947, Capone died of cardiac arrest after suffering a stroke. Al Capone was born in the Brooklyn borough of New York City on January 17, 1899. His parents were Italian immigrants Gabriele Capone (1865–1920) and Teresa Capone (née Raiola; 1867–1952). His
UBS tax evasion controversies enabling tax avoidance. In February 2015, UBS announced that it was being investigated by the Office of the U.S. Attorney for the Eastern District of New York and the Securities Exchange Commission over new allegations that UBS facilitated tax evasion by its U.S. clientele. The focus of the investigation is the possible sale of bearer bonds. Bearer bonds are a type of unregistered security that provide a degree of anonymity to the owner as they can be transferred anonymously when held in paper form, thus enabling tax evasion as such transfers would allow the owner to conceal their financial assets.