• Scam Diego alerts

San Diegan Jeffrey Chatfield, a financial consultant who purportedly helped private companies go public, pleaded guilty in Washington DC today (Nov. 18) to filing a false tax return related to a Swiss bank account he maintained at UBS, a big Swiss bank that the U.S. has been probing. Chatfield's guilty plea has to be accepted by a U.S. district judge. Sentencing is set for Feb. 7. The maximum sentence is three years. According to the Justice Department, Chatfield opened an account at UBS Bahamas Ltd in 2000 and stashed $900,000 in untaxed securities and cash there. He later switched the account to other Swiss institutions. Chatfield admitted to filing false tax returns from 2000 to 2008, concealing his interest in the offshore accounts and not reporting any income earned from them.

  • Scam Diego alerts

Comments

SurfPuppy619 Nov. 18, 2010 @ 5:35 p.m.

UBS bought the big one and rolled over on the US tax cheats!

0

Don Bauder Nov. 18, 2010 @ 7:06 p.m.

Still, the effort to catch U.S. tax cheats is in its infancy, thanks to former Sen. Phil Gramm, and others, who refused to let the U.S. crack down on those stashing abroad on the grounds that the effort discommoded U.S. banks. And to think that Gramm wanted to be president! Best, Don Bauder

0

MURPHYJUNK Nov. 19, 2010 @ 11:38 a.m.

sounds like greed made him stupid, he should have joined his money "off shore" when he had the chance.

but then agin, these days $900k is not much

0

Don Bauder Nov. 19, 2010 @ 11:32 p.m.

NOTE: CARLSBAD'S BERNARD GOLDSTEIN INDICTED FOR STASHING FUNDS IN OFFSHORE ACCOUNTS. The Justice Department revealed Friday in Washington DC that Bernard Goldstein, Carlsbad resident who owns a company exporting oil pipeline products to Russia, has been indicted by a federal grand jury for filing false tax returns and not reporting assets secreted through offshore entities involving the Swiss bank UBS. From 1993 through 2008, Goldstein had UBS accounts through Panamanian and Cayman Island entities. At one time the total reached $2.5 million.

0

Don Bauder Nov. 20, 2010 @ 1:55 p.m.

Those who stash the most offshore are the super-wealthy. Best, Don Bauder

0

SurfPuppy619 Nov. 20, 2010 @ 6:49 a.m.

At one time the total reached $2.5 million.

$2.5 million is a little fish, the opnes with $10 million plus are who the gov should be targeting hard...make an example out of them.

0

Don Bauder Nov. 20, 2010 @ 1:56 p.m.

I certainly hope the campaign against offshore stashers isn't limited to small fry, as so many investigations are. Best, Don Bauder

0

Sign in to comment

Join our
newsletter list

Enter to win $25 at Broken Yolk Cafe

Each newsletter subscription
means another chance to win!

Close