Alleged Tax Evaders Can't Duck Bank Account Subpoenas

Law360, Washington (February 20, 2013, 7:39 PM EST) -- A New York federal judge on Tuesday ordered five unidentified taxpayers to hand over information about their foreign bank accounts to a federal grand jury, saying they can't claim self-incrimination protection in order to avoid the request.

The five individuals claimed releasing documents illustrating their foreign bank accounts or securities interests could prove that they committed tax fraud by not informing the Internal Revenue Service of their existence. But U.S. District Judge William H. Pauley III slammed their arguments, citing Benjamin Franklin's oft-quoted line that nothing...
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Case Information

Case Title

In Re: VARIOUS GRAND JURY SUBPOENAS


Case Number

1:12-mc-00381

Court

New York Southern

Nature of Suit

Judge

William H. Pauley, III

Date Filed

November 19, 2012

Government Agencies

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