Cyrus Vance Jr., the new Manhattan district attorney, is trying to step out of the shadow of Robert Morgenthau by doing more of what made his predecessor famous.
Six weeks into the job, the 55-year-old Mr. Vance has hired two veteran white-collar prosecutors and is launching an effort to prosecute New Yorkers who evaded taxes through offshore accounts.
The tax-evasion cases are a spillover from the Justice Department's yearslong probe of Swiss bank UBS AG. Federal prosecutors can't handle all of the cases, so they have handed some of them to Mr. Vance's office. A Justice Department spokesman declined to comment.
Saturday, February 20, 2010
Manhattan DA's Offshore Banking Tax Initiatives
Today's Wall Street Journal has an article by Amir Efat title The World's District Attorney, Part II (WSJ Online 2/20/10). These are the opening lines containing the parts dealing with tax: