No Jail Time For Indicted UBS Account Holder 

Chicoine & Hallett represented a US taxpayer indicted for not disclosing his foreign UBS account in Switzerland.  The client pleaded guilty to not disclosing these accounts, which held up to $1.86 million, on his income tax return and not filing Foreign Bank Account Reports (F-BAR).  Prosecutors sought a 5 month prison term at his sentencing in January.  Chicoine & Hallett argued strenuously for a probationary sentence, and the client received one year of probation and a $10,000 fine.   

Here is a link to an article:  www.reuters.com/article/idUSN0825508420100108

Link to DOJ press release:  http://www.justice.gov/opa/pr/2009/October/09-tax-1074.html