Calif. UBS Client Sentenced In Tax Evasion Case

Law360, New York (March 14, 2011, 8:20 PM EDT) -- A San Diego consultant is facing three years' probation and $96,000 in fines after pleading guilty to dodging taxes by covering up UBS AG accounts in Switzerland and the Bahamas.

Judge Michael M. Anello of the U.S. District Court for the Southern District of California ordered Jeffrey Chatfield to pay the fine to the Internal Revenue Service for his failure to file Reports of Foreign Bank and Financial Accounts, or FBARs, according to a U.S. Department of Justice statement issued Monday.

"My client felt that the...
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