U.S. Obtains New Conviction in Los Angeles for Failure to Disclose UBS Swiss Bank Accounts

On August 14, 2009, the U.S. Attorney in Los Angeles secured a conviction of John McCarthy for failing to disclose his Swiss bank accounts and failing to file a Foreign Bank Account Report (FBAR) as part of a scheme to move at least $1 million from the U.S. in order to avoid the payment of federal income taxes...(more)