The battle to force UBS to reveal the names of American clients, many of whom are suspected of evading taxes, may soon be spreading. The U.S. government is stepping up the prosecution of wealthy individuals dodging taxes through off-shore accounts, with new cases expected to be made public "every couple of weeks," reports Reuters.

The list of institutional targets is also likely to lengthen. A senior official in the Justice Department tells the news service that U.S. banks that aided Americans in an effort to hide money in offshore accounts are now a target. "Anybody in the U.S. (including) U.S. banks helping U.S. clients set these offshore accounts up, we are doing the same thing," in going after them, he was quoted as saying. The prosecution certainly has the momentum on this issue. A New Jersey man has become the latest to plead guilty.

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