In a recent case, the government prosecuted two tax return preparers with offices located in California, Maryland and New York, for assisting wealth clients to hide millions of dollars in Israeli Banks.
The U.S. Department of Justice announced that two banks, Rothschild Bank AG and Banca Credinvest SA, have reached resolutions under the DOJ’s Swiss Bank Program.
Peter Amrein, a former Swiss banker, pleaded guilty to a tax conspiracy charge for helping U.S. taxpayers hide millions of dollars in offshore accounts from the Internal Revenue Service.
Raoul Weil, a former UBS AG banker, who headed their global wealth management group, was found not guilty yesterday by the federal jury in Fort Lauderdale, Florida.
Another victory for the government in their fight against hidden offshore accounts was announced today in Los Angeles.
IRS Announces Major Changes to Offshore Voluntary Disclosure Program