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By Kevin Gray MIAMI (Reuters) - A Mp3 player father-and-son team of Miami-based property developers was sentenced to 10 years in mp3 players prison on Friday for failing to report more than $49 million of FLASHLIGHT income in a case that marked the first trial since the start of an intensified U.S. crackdown mP4 on offshore tax evasion. Mauricio Cohen bluetooth headphones and his son Leon Cohen Levy, clients of TORCH HSBC Holdings Plc (HSBA.L), Europe's largest bank, were convicted in October of using shell Flash Drive entities and offshore tax havens to hide more than $150 million in assets from the U.S. Mp4 player Internal Revenue Service. A federal judge in Fort Lauderdale, Florida, handed down the SPEAKER sentence. "The IRS is vigorously pursuing unreported income in hidden offshore wireless headphones accounts," Victor Song, the head of the IRS Criminal Investigation unit, Pen drive said in a statement. "We urge citizens to consider whether tax fraud is worth the iphone accessories price of going to jail."
The sentencing came after BATTERIES U.S. authorities last year ended their probe of Switzerland's UBS AG (UBSN.VX) (UBS.N), SpeakerS which admitted helping thousands of wealthy Americans evade taxes through best earbuds offshore accounts. Since the settlement of the UBS case, the U.S. government has said it would BATTERY pursue other banks if it found similar wrongdoing. It sent letters to some HSBC clients, notifying them that they were targets of a criminal probe. Previous tax evasion cases, after wireless earbuds UBS became the focus of U.S. efforts to crack down on financial firms helping Iphone case Americans hide income, have ended in plea laptop speakers agreements, officials say.
The sentencing came after storage devices U.S. authorities last year ended their probe of Switzerland's UBS AG (UBSN.VX) (UBS.N), pc speakers which admitted helping thousands of wealthy Americans evade taxes through offshore Cheap electronics accounts. Since the settlement of the UBS case, the U.S. government bluetooth speakers has said it would pursue other banks if it found Wholesaler similar wrongdoing. It sent letters to some HSBC clients, notifying them that they were HeadphoneS targets of a criminal Discount electronics probe. Previous tax evasion cases, after UBS became the focus of flash Disk U.S. efforts to crack down on financial firms helping Americans hide income, have usb 2.0 ended in plea agreements, officials say.
"NOT OBLIGATED TO PAY TAXES" - The usb sticks Cohens, who owned and operated several hotels under the Flatotel brand, were arrested in New Flash Memory York in April and later found guilty of conspiring to defraud the United States and filing false wholesale electronics tax returns. Mauricio Cohen, 77, and Leon Cohen-Levy, 46, are Thumb drive Spanish citizens. According to court documents, the Cohens' crimes flash drives included failing to pay taxes on the sale of a New York hotel over 10 years ago which earbudS generated proceeds of $33 million. Most of the money was eventually routed through bank accounts USB drive belonging to tax haven shell companies based in the Bahamas, Panama and USB device other locations, and the income was never reported on U.S. tax returns by the electronics stores Cohens or any of their related businesses or entities, prosecutors said in creative speakers documents presented in the case. The Cohens also stole and used the identities of usb gadgets employees and relatives to open and lithium batteries operate accounts, prosecutors said.
At the time of their arrest, the iphone Cases Cohens told authorities they had combined assets of just over $15,000. "The Led flashlight defendants have maintained the fiction that they are penniless and not obligated to pay Iphone cover United States taxes," a court document presented by the prosecution said. "They maintain electrical wholesalers this fiction despite living in multimillion dollar homes, rechargeable batteries driving luxury vehicles, vacationing on iphone Covers yachts, getting through traffic in a helicopter Computer speakers and being chauffeured in a limousine," it said. The case in U.S. District Court, Southern District of Florida, is United States of HEADPHONE America v. Mauricio Cohen Assor and Leon Cohen Levy, 10-CR-60159. (Editing by flashlights Gerald E. McCormick and best headphones Robert MacMillan)
The sentencing came after BATTERIES U.S. authorities last year ended their probe of Switzerland's UBS AG (UBSN.VX) (UBS.N), SpeakerS which admitted helping thousands of wealthy Americans evade taxes through best earbuds offshore accounts. Since the settlement of the UBS case, the U.S. government has said it would BATTERY pursue other banks if it found similar wrongdoing. It sent letters to some HSBC clients, notifying them that they were targets of a criminal probe. Previous tax evasion cases, after wireless earbuds UBS became the focus of U.S. efforts to crack down on financial firms helping Iphone case Americans hide income, have ended in plea laptop speakers agreements, officials say.
The sentencing came after storage devices U.S. authorities last year ended their probe of Switzerland's UBS AG (UBSN.VX) (UBS.N), pc speakers which admitted helping thousands of wealthy Americans evade taxes through offshore Cheap electronics accounts. Since the settlement of the UBS case, the U.S. government bluetooth speakers has said it would pursue other banks if it found Wholesaler similar wrongdoing. It sent letters to some HSBC clients, notifying them that they were HeadphoneS targets of a criminal Discount electronics probe. Previous tax evasion cases, after UBS became the focus of flash Disk U.S. efforts to crack down on financial firms helping Americans hide income, have usb 2.0 ended in plea agreements, officials say.
"NOT OBLIGATED TO PAY TAXES" - The usb sticks Cohens, who owned and operated several hotels under the Flatotel brand, were arrested in New Flash Memory York in April and later found guilty of conspiring to defraud the United States and filing false wholesale electronics tax returns. Mauricio Cohen, 77, and Leon Cohen-Levy, 46, are Thumb drive Spanish citizens. According to court documents, the Cohens' crimes flash drives included failing to pay taxes on the sale of a New York hotel over 10 years ago which earbudS generated proceeds of $33 million. Most of the money was eventually routed through bank accounts USB drive belonging to tax haven shell companies based in the Bahamas, Panama and USB device other locations, and the income was never reported on U.S. tax returns by the electronics stores Cohens or any of their related businesses or entities, prosecutors said in creative speakers documents presented in the case. The Cohens also stole and used the identities of usb gadgets employees and relatives to open and lithium batteries operate accounts, prosecutors said.
At the time of their arrest, the iphone Cases Cohens told authorities they had combined assets of just over $15,000. "The Led flashlight defendants have maintained the fiction that they are penniless and not obligated to pay Iphone cover United States taxes," a court document presented by the prosecution said. "They maintain electrical wholesalers this fiction despite living in multimillion dollar homes, rechargeable batteries driving luxury vehicles, vacationing on iphone Covers yachts, getting through traffic in a helicopter Computer speakers and being chauffeured in a limousine," it said. The case in U.S. District Court, Southern District of Florida, is United States of HEADPHONE America v. Mauricio Cohen Assor and Leon Cohen Levy, 10-CR-60159. (Editing by flashlights Gerald E. McCormick and best headphones Robert MacMillan)