tag:blogger.com,1999:blog-1519969502186924526.post8596480672426768729..comments2023-10-24T08:00:53.865-05:00Comments on Federal Tax Crimes: Another Plea for Taxpayer with UBS & Credit Suisse AccountsJack Townsendhttp://www.blogger.com/profile/14469823736335455874noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-1519969502186924526.post-65275103306761799262011-03-16T09:27:01.339-05:002011-03-16T09:27:01.339-05:00I think there is a lot more to this story than the...I think there is a lot more to this story than the information I have seen indicates. I went to Pacer to retrieve the publicly available documents, but some of the key documents (e.g., the plea agreement) are not publicly available.<br /><br />I did get the judgment which I will summarize and post in an addendum to the blog.<br /><br />Thanks for your comments.Jack Townsendhttps://www.blogger.com/profile/14469823736335455874noreply@blogger.comtag:blogger.com,1999:blog-1519969502186924526.post-4692154537511537252011-03-16T08:05:23.250-05:002011-03-16T08:05:23.250-05:00Or perhaps information was traded. This was a pret...Or perhaps information was traded. This was a pretty sophisticated scheme and it involved CS, so DOJ might have been happy to stick a talon in CS?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1519969502186924526.post-58215134129961774922011-03-15T16:25:58.772-05:002011-03-15T16:25:58.772-05:00Wow! 96,000 settled his civil liabilities with the...Wow! 96,000 settled his civil liabilities with the IRS. Seems pretty low for an account that held 900,000 at a point. The case also involved multiple entities. Why is there not a 50% FBAR penalty like other cases of this nature? Do you think the account balance diminished substantially and the IRS agreed to look back to only certain years?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1519969502186924526.post-82050305014345276872011-03-15T11:17:40.761-05:002011-03-15T11:17:40.761-05:00Interesting that this is another plea deal that le...Interesting that this is another plea deal that led to probation rather than incarceration. Contrast this to Mauricio Cohen Assor and Leon Cohen-Levy who would not plea and instead went to trial, and received ten year jail sentences.<br /><br />Also, the Chatfield case is yet another prosecution that involved foreign entities (corporations, trust, etc.) that were utilized in order to obscure the beneficial ownership of the undeclared foreign account. These intermediary entities seem to make the IRS and DOJ particularly angry, although of course non-compliant foreign accounts that do not utilize such entities are also vulnerable to investigation and prosecution.Asher Rubinsteinhttp://www.assetlawyer.comnoreply@blogger.com