Guilty plea for yachting CEO in UBS tax case
Second person nabbed in UBS tax shelter investigation
The CEO of a yachting company has pleaded guilty to tax fraud charges linked
to the UBS tax shelter investigation.
Robert Moran accepted responsibility for concealing more than $3m in assets
in a secret bank account at UBS in Switzerland after filing a false income tax
return, according to
webcpa.com
He failed to declare that he had an interest in a financial account at UBS in
Switzerland when filing his tax return in October last year.
Sentencing is scheduled for June 26, and he faces a maximum sentence of three
years in prison and a fine of up to $250,000.
Further Reading:
UBS
client faces jail over tax evasion
UBS
bankers warned over tax investigation fears