Another HSBC Client Cops To Hiding Bank Accounts

Law360, New York (April 14, 2011, 1:53 PM EDT) -- A New York woman pled guilty Wednesday to hiding $8.3 million in several HSBC India accounts, days after another bank client also admitted to concealing funds and a week after U.S. government investigators launched a probe into the bank’s role in tax evasion.

Josephine Bhasin, of Huntington, N.Y., copped to filing a false income tax return in the U.S. District Court for the Eastern District of New York. She faces a maximum sentence of three years in prison and a $250,000 fine.

Bhasin is the second...
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Case Information

Case Title

United States of America v. Does


Case Number

4:11-cv-01686

Court

California Northern

Nature of Suit

Tax Suits: IRS-Third Party

Judge

Phyllis J. Hamilton

Date Filed

April 7, 2011

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