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.
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.