Key Known Details of the Conviction
Defendant: Ashvin Desai
Counts of Conviction (Jury Verdict): 7206(1) Tax Perjury - 3 counts; 7206(2) Aiding and Assisting - 2 counts; FBAR - 3 counts
Court: ND CA
Judge: Edward J. Davila (Wikipedia entry here)
- HSBC India Client Convicted of Hiding Accounts From IRS (Bloomberg 10/3/13), here.
Desai, of San Jose, was convicted of filing false returns for 2007, 2008 and 2009 that omitted interest income of as much as $471,324 in the first year on HSBC India accounts. He also helped his adult son and adult daughter file false returns, and failed to file FBARs for 2007 through 2009, the jury found.For students who may not have seen a form of guilty verdict signed by the foreman, I link the Desai guilty verdict here.