Banker Beats Israeli Account Tax Fraud Charges At Trial
Law360, Los Angeles (October 31, 2014, 4:13 PM EDT) -- A Beverly Hills executive for Israel’s Mizrahi Bank on Friday beat criminal charges that he conspired with his clients to hide millions from the Internal Revenue Service in overseas accounts, with a California federal jury delivering a unanimous not guilty verdict.
Exonerated defendant Shokrollah Baravarian, a former senior vice president at the Los Angeles branch of Tel Aviv-based Mizrahi Bank, had been accused by the federal government of conspiring to conceal the existence of undeclared bank accounts holding millions for wealthy Iranian Jewish exile customers hoping to avoid paying taxes on their holdings.
After several hours of deliberations Friday, the jury...
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