Web Entrepreneur Charged Over Swiss Bank Account
It seems that every week, we bring you stories about United States taxpayers that have been charged with hiding money in foreign bank accounts. As of recently, taxpayers have, for the most part, shifted away from storing their money in Swiss banks. This is, in large part, due to the major crackdown of Swiss banks in an attempt by the U.S. to destroy any type of secrecy arrangements that foreign institutions may have with their customers. But alas, all of the news about prosecutions and IRS criminal investigations over stashing money in Swiss institutions doesn’t deter everyone.