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.
Thursday, May 24, 2012
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So what is the real scoop behind this dismissal?
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