On October 20, 2014, Menashe Cohen pleaded guilty in New Hampshire federal
court to one count of filing a false income tax return for failing to
report the existence of his Swiss and Israeli bank accounts on his 2009
tax return. He did, however, report the existence of his Jersey account.
The Swiss account had a high balance of $1.3 million. Cohen faces a maximum
sentence of three years in prison. His sentencing is scheduled for January 26, 2015.
If you’re hiding wealth overseas, you have the option of avoiding
criminal penalties under the Offshore Voluntary Disclosure Program (OVDP).
There’s no price on freedom. Come into compliance now. Give us a
call at (202) 792-6600.