PASSIONATE DEFENSE REPRESENTATION

Let's Change The Outcome

Justice Department catches former U.S. citizen in Switzerland

In a stirring narrative that brings to mind images of Frank Abagnale from “Catch Me If You Can,” a former U.S. citizen pleaded guilty to tax fraud while living in Switzerland. This particular individual used a complex association of companies and bank accounts to funnel money around the world, with the alleged goal of avoiding his taxes. Unfortunately for this particular individual, there are only two certainties in this world ? death and taxes.

He may have tried his best to thwart the IRS and Justice Department, however, he was unsuccessful. This particular person established a company in Hong Kong. This company then opened a Swiss bank account in its own name, specifically omitting the individual’s name. Later in the year, said Hong Kong company received a cash infusion of $12 million that that had as its origin a Panamanian company. That Panamanian company is named after the very individual that started this whole story.

This person’s guilty plea was in response to his 2007 and 2008 tax returns. Specifically, he failed to report $77,298 and $206,408 in interest income on the Swiss bank account mentioned above.

If you are facing an investigation or charges for tax fraud, then you may want to speak to a lawyer. A conviction for tax fraud could result in heavy fines or even a prison sentence. Even mere allegations of such impropriety might profoundly harm your reputation.

Assistant U.S. Attorneys do have a lot of autonomy to prosecute their own cases. This means that your fate could be left in the hands of someone young and ambitious, a deadly combination.

Source: Department of Justice, “Former U.S. Citizen Pleads Guilty to Tax Fraud Related to Swiss Financial Account,” Office of Public Affairs, Feb. 3, 2016

CATEGORIES

Recent Posts

How can a DUI conviction impact my commercial driver’s license?

On Behalf of Ryan Beasley Law | Apr 8, 2022 | Drunk Driving | Commercial vehicles are a common sight on the South Carolina roads. Trucks go to, from and through the state delivering and carting items that are vital to everyday life. This can include food, materials,...

What defenses are there for domestic violence charges?

Every relationship has times when you and your partner will disagree. An argument can feel very after both parties have had a chance to cool off than it does while it is happening. In some cases, a disagreement can get out of hand or misinterpreted, leaving both...

How a DUI can threaten your college education

College is an exciting time for young adults. Newfound independence often comes with having to make important decisions on your own, including whether to drink and drive. Unfortunately, millions of college students choose to drive while intoxicated. While you may be...

Bill could lead to harsher penalties after drug overdoses

In South Carolina and across the United States, opioids are garnering significant attention. This is understandable given the number of people who are having problems with these types of drugs. Specifically, fentanyl is drawing scrutiny from state and federal law...

Do you know the importance of jury selection in your case?

There’s a lot to consider when building your criminal defense. While you may want to work with prosecutors early on to try to mitigate the fallout from your case, and you certainly want to gather evidence that contradicts the prosecution’s case, you can’t neglect the...

Do You Need Legal Advice? Don’t Wait.

Get Help Now

I

Visit Our VIDEO CENTER To Find Out More