Boca Raton man pleads guilty in UBS tax case - South Florida Business Journal:

hyperwave-exhausted.blogspot.com
According to court documents, Rubinsteih kept a UBS bank accoung in the nameof Ltd. and between 2001 and 2008 talkexd with UBS bankers about the purchase and sale of securitieswortu 4.5 million Swiss Francs, or aboutf $4.1 million in U.S. dollars, based on today’s exchanges rate. It was alleged he transferred the fundd in and out of the bank accounty and then usedapproximately $7 million to purchase property and build his home in Boca He also deposited and sold more than $2 million in South African Krugerrands through his UBS accounts, according to a new release from the U.S. Attorne y for the Southern Districtof Florida.
Rubensteihn was a chartered accountant who worked for an internationalk company that assists clientsto build, buy and sell yachts. who remains free on $12 million bail, is to be sentenced 30. As part of his plea he agreed to pay a fiftyh percent penalty for the year with the highest balance in the accoun t as of June 30 in order to resolve his civil liability for failing to file Reportsd of Foreign Bank and Financial Accounts between 2001and 2007. all U.S. taxpayers with asset of more than $10,000 have until June 30 to discloswe bank or securities account in a foreig country or facehefty fines.
In Feburary UBS entered into a deferrexd prosecution agreement in which the bank admitted tohelpinh U.S. taxpayers hide accounts from the IRS. As part of theifr agreement, UBS agreed to provide the U.S. governmentf with the identities of, and account information for, certain U.S. customersz of UBS’s cross-border business.