A client of UBS AG was sentenced to a year and a day in prison for using a Swiss bank account to evade more than $1 million in taxes, according to a statement by U.S. Attorney Gary Shapiro.
Peter Troost, the owner of Troost Memorials, which designs and sells cemetery monuments and gravestones, was sentenced July 16 in federal court in Chicago. He pleaded guilty in March, admitting that he evaded taxes on more than $3.3 million in income.
At the time of his sentencing, Troost, of Skokie, Illinois, had already paid $1.04 million in back taxes to the Internal Revenue Service and a civil penalty of about $3.75 million, according to Shapiro’s office. He was ordered to start serving his sentence on Dec. 2.
The case is U.S. v. Troost, 13-cr-00185, U.S. District Court, Northern District of Illinois (Chicago).