Wednesday, July 29, 2009
MARTHA BRANNIGAN, The Miami Herald
MARTHA BRANNIGAN, The Miami Herald
Toy magnate, Jeffrey P. Chernick, pleads guilty to tax evasion in Fed crackdown.
The federal government's crackdown on UBS customers has opened a lead on a second Zurich-based bank that allegedly helped clients hide money from the IRS.
A New York toy dealer who hid money at Zurich-based UBS and another Swiss bank has provided federal investigators a new lead in their growing crackdown on Swiss banks that help clients evade federal taxes.
Jeffrey P. Chernick, a Stanfordville, N.Y.-based toy company representative, pleaded guilty in federal court in Fort Lauderdale Tuesday to filing a false tax return that failed to disclose $8 million hidden in offshore Swiss accounts at UBS and a second Swiss bank. Previously the investigation had focused primarily on UBS.
Posted by Editor on 07/29/09 at 06:57 AM •
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