The USAO SDNY dismissed charges against Samuel Phineas Upham. David Voreaco, U.S. Drops Case of Man Accused of Helping Mom Hide Money (BloombergBusinessweek 5/23/12), here. The charge was that he had assisted his mother, Sybil Nancy Upham, in hiding offshore accounts. I have previously blogged on the son's charges, Another UBS Related Defendant is Charged for Offshore Accounts (12/9/10), here.
Not much to say, at least for now, except that it is refreshing to see prosecutors, while not admitting that they made a mistake, are willing to update their conclusions based on new information rather than stick to the conclusions. Good Bayesian approach.
The mother pled guilty in November 2010. I don't have information on her sentencing. If someone has that information, I would appreciate them emailing me the information or a link to the information.
Jack Townsend offers this blog on Federal Tax Crimes principally for tax professionals and tax students. It is not directed to lay readers -- such as persons who are potentially subject to U.S. civil and criminal tax or related consequences. LAY READERS SHOULD READ THE PAGE IN THE RIGHT HAND COLUMN TITLE "INTENDED AUDIENCE FOR BLOG; CAUTIONARY NOTE TO LAY READERS." Thank you.
Thursday, May 24, 2012
Family Member Enabler Charge Dismissed re Offshore Accounts (5/24/12)
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So what is the real scoop behind this dismissal?
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