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.”
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
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