October 6, 2010 - Cohen-Levy, father found guilty of tax evasion
In 2000, they sold their New York hotel for $33 million. They then directed that the proceeds be transferred to a bank account at HSBC in Switzerland, The income was never reported on U.S. tax returns by the Cohens or by any of their related entities, according to court documents.
October 6, 2010 - Father-Son Hotel Developers Convicted of Tax Crimes
Mauricio Cohen Assor, 77, and Leon Cohen Levy, 46, were found guilty today of conspiring to defraud the Internal Revenue Service and filing false tax returns. The men, who built hotels under the “Flatotel” brand, testified they were innocent. Both face as long as 11 years in prison.
October 6, 2010 - U.S. clients of HSBC convicted of tax evasion
Two clients of HSBC Holdings (HSBA.L), a father and son team of Miami Beach-based property developers, were convicted on Wednesday of failing to report more than $49 million in income to the U.S. Internal Revenue Service.
October 6, 2010 - Governments should not pay for stolen data: HSBC
Tax authorities in Europe should not buy stolen data to help find tax evaders in offshore centers, a top HSBC (HSBA.L) private banker said.
October 5, 2010 - Accused Tax Cheats Are Liars or Scapegoats, Jury Told
He said the men put the money in a Swiss account of HSBC Holdings Plc, Europe’s largest bank by market value, and failed to tell the IRS.
October 1, 2010 - Paris hands list of offshore bank accounts to Canada
The Canadians are among 79,000 customers identified by French authorities from data stolen from a Swiss unit of HSBC bank three years ago by an IT worker at HSBC.
September 30, 2010 - UPDATE 1-Canada, France probe HSBC Swiss bank accounts
French investigators are probing some 1,500 Canadian-registered Swiss bank accounts at HSBC (HSBA.L) as part of a crackdown on unreported wealth
September 30, 2010 - Canadian Government Probes 1,800 HSBC Offshore Account
"HSBC in no way condones tax evasion and is cooperating with the authorities while protecting the rights of clients for confidentiality," Wilks said.
September 30, 2010 - Swiss bank accounts will be probed: Harper
Prime Minister Stephen Harper vowed Thursday that the government would pursue with "the full extent of the law" Canadians who are using secret Swiss bank accounts to avoid paying taxes.
September 30, 2010 - Offshore bank account probe nets Canadians
More than 1,700 private offshore bank accounts belonging to Canadians turned up on a list of secret accounts in Switzerland
September 28, 2010 - HSBC Holdings Swiss Bank account holders nabbed by HMR
Taxpayers with undeclared liabilities in offshore accounts must make a disclosure under the Liechtenstein tax amnesty before they receive letters from HM Revenue & Customs (HMRC) or risk criminal prosecution and massive fines, warns McGrigors, the leading commercial law firm and tax investigation specialists.
September 27, 2010 - British tax evasion probe targets HSBC clients
Data from the Geneva branch of HSBC was stolen by a former IT employee three years ago and sold to France. HSBC admitted in March that the theft affected around 15,000 Swiss client accounts.
September 26, 2010 - Rich warned about offshore accounts
It is understood that most of the letters relate to offshore bank accounts held at HSBC in Switzerland after HMRC acquired a list of well-off individuals with accounts at the bank.
September 26, 2010 - HMRC launches tax evasion probe into Swiss account hol
HMRC is investigating more than 200 "extremely wealthy" British taxpayers suspected of tax evasion totalling "many millions of pounds".
September 26, 2010 - Tax evasion scrutiny for HSBC’s Swiss clients
According to a BBC report, following the theft of client details by a former HSBC employee, HMRC is in now in possession of a list of high net-worth individuals who are suspected of evading UK tax.