Michael F. Schiavao of Boston, was charged with failing to report his offshore account at HSBC Holdings Plc (HSBA) to U.S. authoritiesOffshore Account Update, UBS / HSBC
Posted on June 30, 2011 | Share
He is charged with failing to file a Report of Foreign Bank and Financial Accounts form and for not disclosing an account at HSBC Bank Bermuda, according to a criminal charge filed today in federal court in Boston.
It appears the government is moving quickly on HSBC clients!
A voluntary disclosure can help prevent this outcome as well as minimize any criminal and civil penalties that you may be exposed to.
The attorneys at Thorn Law Group have experience in assisting U.S. taxpayers into compliance through voluntary disclosure. If you have an undisclosed offshore account contact Thorn Law Group now before it's too late!
For a consultation, contact Kevin E. Thorn, Managing Partner, at firstname.lastname@example.org or (617) 692-2989