Defendants Also Allegedly Operated Unlicensed Money Transmitting Businesses
Preet Bharara, the United States Attorney for the Southern District of New York, and Victor W. Lessoff, the Acting Special Agent in Charge of the New York Field Office of the Internal Revenue Service, Criminal Investigation Division (“IRS-CID”) announced the filing yesterday of two separate and unrelated Indictments against HANS THOMANN and JOSEF BECK, independent Swiss financial advisers, who worked separately from each other.
They are each charged with conspiring with U.S. taxpayer-clients and others to hide millions in offshore accounts and to evade U.S. taxes on the income in those accounts. They are also each charged with operating unlicensed money transmitting businesses related to their acceptance and distribution of cash that was hidden in their clients’ undeclared Swiss bank accounts.
THOMANN allegedly helped his U.S. taxpayer clients hide more than $138 million, and BECK allegedly helped his clients hide more than $129 million.