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The situation described involves complex ethical and legal considerations. Here's an evaluation of the ethics of UBS and its customers, along with considerations for whether to release the information and whether to invest in Swiss accounts.

Ethics of UBS:

Duty to Clients vs. Legal Obligations: UBS's actions in allegedly recruiting tax advisers and clients to hide funds from the IRS raise significant ethical concerns. While UBS may argue that they were protecting client privacy, facilitating tax evasion is unethical and potentially illegal.

Misrepresentation: If UBS marketed its services with the understanding that it would help clients avoid taxes illegally, this would be both unethical and a misrepresentation of services.

Legal Compliance: UBS must balance respecting Swiss privacy laws with compliance to international legal requests, especially when operating in jurisdictions like the U.S. that require transparency.

Ethics of UBS's Customers:

Tax Evasion: For the customers, using UBS to hide money from the IRS and avoid paying taxes is unethical and illegal. Paying fair taxes is part of a citizen's duty to their country.

Responsibility and Consciousness: Customers knowingly engaging in such schemes are responsible for evading legal obligations and undermining the tax systems that fund public services.

Decision to Release Information:

Legal Compliance: As an employee of UBS, you would need to consider the legal implications. If a federal judge in the U.S. has issued a subpoena, there might be a legal obligation to comply, especially if fraud is involved and Swiss law has exceptions in cases of fraud.

Ethical Responsibility: Ethically, if the overarching goal is to uphold the law and address illegal activities such as tax evasion, cooperating with authorities might be the right decision. However, it's crucial to also consider Swiss legal standards and consult with legal advisors to avoid legal repercussions.

Decision to Place Money in Swiss Accounts:

Assessment of Intentions: If the intent is legitimate wealth management and investment without tax evasion, Swiss accounts might offer benefits such as diversification. However, it's important to comply with all domestic and international tax laws.

Transparency and Compliance: Ensure full transparency with tax authorities regarding international accounts to maintain legality and ethical standing.

In conclusion, both UBS and its clients appear to be engaging in unethical and potentially illegal activities concerning tax evasion. If working for UBS, releasing information would require careful consideration of legal obligations across jurisdictions and ethical responsibility. Similarly, holding Swiss accounts should be done transparently and within legal regulations.