A former senior UBS private banker has agreed to plead guilty in connection with a criminal indictment for selling offshore tax-evasion services to wealthy Americans, according to court documents.
The former banker, Martin Lack, is a Swiss national who was indicted in 2011 in Florida on a charge of conspiracy to defraud the United States.
In a court filing last week, Lack’s attorney and the U.S. Department of Justice asked a federal judge in Fort Lauderdale, Florida to set a date for Lack to plead guilty. The next day, U.S. District Judge William Dimitrouleas scheduled a hearing for Feb. 26.
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Preet Bharara, the United States Attorney for the Southern District of New York, and Toni Weirauch, the Special Agent-in-Charge of the New York Field Office of the Internal Revenue Service, Criminal Investigation (“IRS-CI”), announced the indictment today of PETER AMREIN, an asset manager at a Swiss asset management firm who assisted U.S. taxpayer-clients and others in hiding millions of dollars in offshore accounts from the IRS and evading U.S. taxes on the income earned in those accounts.
Manhattan U.S. Attorney Preet Bharara said: “As alleged, from his post in Switzerland, Peter Amrein aided and abetted U.S. taxpayers in their efforts to skirt the tax code and conceal their assets in offshore accounts. As today’s charges make clear, tax evasion is a serious offense. This Office is committed to prosecuting individuals, both U.S. citizens and non-citizens like Amrein, who engage in this illicit conduct.”
IRS Special Agent-in-Charge Weirauch said: “Offshore tax enforcement remains a top priority for the Internal Revenue Service. Individuals who choose to hide income outside of the United States, as well as those who assist them in hiding their assets, expose themselves to a variety of criminal charges and severe penalties. As we continue to gain access to more and more information about individuals involved in offshore tax evasion, potential violators can expect us to use all of our enforcement tools to stop this abuse.”
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