UBS / HSBC
U.S. Taxpayers with Undisclosed Offshore Accounts Beware: Swiss Government Authorizes Swiss Banks to Turn-Over Names of Professionals to U.S. Internal Revenue Service
The release of such information will likely contribute to establishing cases against those U.S. taxpayers currently under investigation.
Lothar Hoess sentenced to three years of probation after pleading guilty to a single charge of failure to file a report of foreign bank account and financial accounts.
European banks to pay billions to the United States and disclose U.S. clients’ names to the Internal Revenue Service (IRS) and the Department of Justice (DOJ).
U.S. authorities charge another India-American for evading taxes through the HSBC India branch.
Time running out for Credit Suisse undisclosed account holders!
HSBC India taking preventative action in order to limit current investigations by U.S. authorities.
Credit Suisse latest bank to receive a formal letter from the U.S. Department of Justice for improper offshore banking practices.
Time running out for HSBC clients with non-compliant accounts.
Agrees to pay a fine of around $9.8 million!
Undisclosed Swiss bank account at UBS revealed.
Michael F. Schiavao of Boston, was charged with failing to report his offshore account at HSBC Holdings Plc (HSBA) to U.S. authorities
Crackdown continues for HSBC undisclosed foreign bank accounts..
False tax returns, false amended tax returns, and false FBARs charged against HSBC account holder. Beware!
On April 7, 2011, judge signs Order giving the Internal Revenue Service the right to serve a summons on HSBC USA. The summons would provide the government with the identity of current taxpayers whose accounts are already in question.
An undisclosed offshore account holder with Swiss bank UBS, Arthur Joel Eisenberg, pled guilty in a federal court in Seattle, Washington. He paid a $2.1 million penalty for failing to file a FBAR; in addition to incarceration and future probation.