Credit Suisse Client Latest Test to Leniency in Tax Fraud Cases
By-
Dan Horsky pleaded guilty to hiding $200 million from IRS
-
Most wealthy defendants in offshore tax cases avoid prison
A former client of Credit Suisse Group AG who pleaded guilty to hiding $200 million from U.S. tax authorities is at the center of a struggle between the Justice Department, which wants to send a stern message by sending tax cheats to prison, and U.S. judges, who have opted for leniency in past cases.
Dan Horsky, a retired business professor from Rochester, New York, pleaded guilty Nov. 4 to using secret Swiss bank accounts to hide assets and income from the Internal Revenue Service and New York tax authorities. Prosecutors urged a judge to send him to prison for 20 months. Horsky’s lawyers said he deserves probation because he helped with a criminal investigation of the bank and will pay at least $124 million in penalties…
Credit Suisse Client Latest Test to Leniency in Tax Fraud Cases
