UBS Client Pleads Guilty in Largest Tax Case Since 2008
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A former UBS AG client pleaded guilty to using Swiss bank accounts to hide more than $43 million from the Internal Revenue Service in the largest individual offshore tax evasion case since a U.S. crackdown began in 2008.
Mary Estelle Curran, 79, admitted yesterday in federal court in West Palm Beach, Florida, to two counts of filing false tax returns. Curran failed to report her offshore accounts on returns from 2001 to 2007 and willfully failed to report income on them, prosecutors said in court papers.