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Doctor Spared Prison for Tax Violations Tied to HSBC Account

A Wisconsin neurosurgeon convicted of tax charges related to an HSBC Holdings Plc account that held $8.76 million was spared prison and ordered to serve three years’ probation, according to the Internal Revenue Service.

Arvind Ahuja was sentenced yesterday in federal court in Milwaukee, where he was convicted Aug. 23 of filing a false tax return and failing to file a Report of Foreign Bank and Financial Accounts, or FBAR, said IRS spokeswoman Charity Mackey. Prosecutors had asked U.S. District Judge Charles Clevert Jr. to impose a prison term of 41 to 51 months.