America, Banking, Global Banking, News, Private Bankers, The Rich, Wealth Management

Retired Business Professor Pleaded Guilty to Hiding $200 Million from IRS

Retired Business Professor Pleaded Guilty to Hiding $200 Million from IRS

A former client of Credit Suisse has pleaded guilty to hiding $200 million from US tax authorities. Dan Horsky, a retired business professor pleaded guilty to using Swiss bank accounts to hide assets and income from tax authorities.

“His lawyers however have said that he deserves probation because he has helped with a criminal investigation of the bank and will pay at least $124 million in penalties.”

~ Bloomberg

Prosecutors have urged a judge to send him to prison for 20 months. His lawyers however have said that he deserves probation because he has helped with a criminal investigation of the bank and will pay at least $124 million in penalties.

Related Reports: Bloomberg

 


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

Get The Wealth Insider Daily

  • For Press Release,  please contact press@thewealthinsider.com
  • For Media-related enquiries, please contact media@thewealthinsider.com
  • For Advertisement, please contact our official ad agency
Previous ArticleNext Article