Plea Agreement in Tax Evasion Action

U.S. prosecutors have brought several tax evasion action against people with secret Swiss bank accounts. In U.S. vs. McCarthy, United States District Court, Central District of California, Case no. CR 09-00784, the prosecutors charged that in 2003 McCarthy opened a Swiss bank account in the name of COGS Enterprises Ltd., a Hong Kong entity. McCarthy has agreed to plead guilty to failure to disclose foreign bank accounts. He faces up to five years inprisonment, three years' supervised release, and fines of up to $250,000
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I am a litigation lawyer, licensed to practice law in the State of California. You can reach me by phone at (310) 286-2000.