Swiss Tax Dodge Costs Florida Woman Millions

Via: CNBC

A 79-year-old Florida woman pleaded guilty on Tuesday to criminal charges of tax evasion through accounts at Swiss bank UBS, one of the largest such prosecutions in years.

Mary Estelle Curran pleaded guilty in United States District Court in West Palm Beach, Florida, to two charges of filing false tax returns that failed to report her UBS accounts from 2001 to 2007, court papers show.

Curran’s UBS accounts used foundations in Liechtenstein and Panama, two tax havens, to conceal money, the Justice Department said in a statement. She faces six years in prison.

Read more: http://www.cnbc.com/id/100366680

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