Florida man, 83, admits hiding $1.1M from IRS

By Kevin McCoy, USAToday.com

An 83-year-old Florida man pleaded guilty Tuesday to hiding at least $1.1 million from the IRS in secret Switzerland and Israel bank accounts for more than a quarter century.

Delray Beach resident Bernard Kramer held the secret accounts from 1987 to about 2012. He used the code phrase “Hot Lips” to refer to them in communications with Swiss bankers in Zurich, where he opened the first account, according to a criminal filing in Manhattan federal court.

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