The U.S. government is stepping up prosecutions of wealthy individuals dodging taxes through off-shore accounts, with new cases expected to be made public “every couple of weeks,” a top government attorney said on Saturday.
U.S. officials have been sifting through about 250 client names obtained through a February settlement of a criminal probe against Swiss banking giant UBS AG, alleging the bank illegally helped U.S. taxpayers hide funds offshore.
That effort, along with an amnesty program encouraging tax evaders to turn themselves in, is speeding prosecutions, one of the top U.S. lawyers working on the cases at the U.S. Justice Department said.
“You can expect a few every couple of weeks,” Kevin Downing, a senior attorney in the tax division of the Department of Justice told an American Bar Association tax conference.
http://www.reuters.com/article/newsOne/idUSTRE58P1VA20090926
Without the rich, we would starve and die, we are all dependent upon them. FACT.