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Prosecutors allege that from 2001 through 2008, Rubinstein communicated with UBS bankers about the purchase and sale of securities worth more than 4.5 million Swiss francs, moving investments from U.S. dollars to British pounds and bringing some $3 million into the United States to buy property.
"By opening the accounts in the name of the nominee entity, Steven Michael Rubinstein attempted to conceal his offshore assets and income from the IRS," the IRS affidavit said.
I heard something on the news recently (radio, German language) that the Swiss aren't letting their bank execs leave the country because one got arrested in, I believe, Britain.
Haha...the US government has no jurisdiction on Swiss accounts for banks that don't operate in the US. As soon as UBS opened an office in the US, those people should have transferred their money to a bank that Uncle Sam can't touch.
Another reason taxes on income don't work. Too many ways for people to avoid paying it.
People need to understand there is nothing illegal about having a foreign bank account. The irs only wants to know about it and what is in it.
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