U.S. Court of Appeals for the 11th Circuit Affirms Contempt against Grand Jury Targets for Not Producing FBAR Records

 On February 7, 2013, the United States Court of Appeals for the 7^th Circuit unanimously affirmed the ruling of the U.S. District Court for the Northern District of Georgia, holding the Target and his wife in contempt of grand jury subpoenas duces tecum, which required the production of records concerning their foreign financial accounts. [1]