The financial fraud investigation connected to Minneapolis money manager Trevor Cook is thought to have widened; Andrew B. Silva is sentenced in Virginia for tax fraud; and the delay in disclosing the names of some UBS AG bank customers:
- “FBI now is investigating Trevor Cook’s associates” reports that governmental authorities have broadened their financial fraud investigation of Trevor Cook’s Ponzi scheme. I earlier wrote about Mr. Cook’s 33 minute plea hearing at the April 14, 2010 “Asset Search News Roundup”.
- Bloomberg.com’s article “Surgeon Avoids Prison for Plotting to Hide HSBC Cash” supplied the details of the June 11th sentencing of Andrew B. Silva in Virginia federal court. As I wrote at A Doctor, A Lawyer & Bricks Of Cash In Switzerland, Andrew B. Silva had smuggled cash in packages containing less than $10,000 during his abusive offshore tax avoidance scheme.
- The August 23, 2009 Asset Search News Roundup referred to the settlement of the UBS “John Doe” summons case pursuant to U.S.-Swiss tax treaties. “Swiss Parliament Passes UBS Bill, But the IRS Doesn’t Yet Have Names” too mentioned that settlement. It explained that there has been a delay implementing the settlement, in disclosing the UBS AG bank customers who are suspected U.S. tax cheats.
Copyright 2010 Fred L. Abrams