A New Jersey businessman who admitted using a UBS AG account to hide $6.1 million from US tax authorities was sentenced to five years probation by a judge who credited his cooperation with prosecutors.

Juergen Homann, 67, also was fined $60,000 and ordered to perform 300 hours of community service by US District Judge Stanley Chesler in Newark.

Homann, who faced as long as five years in prison after he pleaded guilty Sept. 25, has helped prosecutors pursuing offshore tax evasion, said Assistant US Attorney Marc Ferzan.

Homann, a resident of Saddle River, NJ, runs a company that trades minerals and chemicals internationally.

He’s one of six UBS clients who pleaded guilty last year to failing to disclose accounts.