The second UBS client to be charged with hiding millions of dollars in Swiss bank accounts wasted no time pleading guilty Tuesday. Yacht broker Robert Moran went directly from his first appearance before a magistrate to change his plea to guilty before a federal judge. Moran admitted filing a false tax return to hide more than $3 million in a secret account at UBS. According to a Florida tax attorney, the government says prosecutions are looming for higher-profile taxpayers, including a celebrity and a sports figure.
Fla. Yacht Broker Pleads Guilty in UBS Tax Case
Daily Business Review
April 15, 2009