Broward businessman pleads guilty in UBS income tax case (Florida)

[seafan]

Source: Miami Herald

A Lighthouse Point man pleaded guilty Tuesday in federal court in Fort Lauderdale to filing a false income tax return, as part of a wide-ranging government probe of wealthy clients of Swiss banking giant UBS AG who hid assets offshore.
According to court papers, Robert Moran had $3.4 million in a UBS account in Switzerland as of Dec. 31, 2007, but didn't report to the Internal Revenue Service that he had the account or declare income from it as required by U.S. law.

Moran is founder and president of Moran Yacht & Ship in Fort Lauderdale.

He held the UBS account in the name of Winter Drive Investments, a Panamanian corporation that he controlled, according to court papers.
A U.S. citizen who has or controls an offshore bank account worth more than $10,000 is required to say so on income tax returns.

Moran is the second UBS client to face criminal tax charges since UBS agreed in February to provide the United States with the names and account information of 250 to 300 U.S. clients.
UBS made that move -- a major blow to Swiss bank secrecy -- in February as part of a deferred prosecution agreement in which the bank admitted to helping U.S. taxpayers hide accounts from the IRS and agreed to pay $780 million to the U.S. government.

Read more: http://www.miamiherald.com/news/southflorida/story/999746.html

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It's past time to go after these leeches.

[sinkingfeeling]

1. Yep, another 'good American' that wants all the benefits of living here, but none of the costs.

[Soylent Brice]

2. Robert Moran??? how ironic.

[tanyev]

12. He needs to get a brain!

:rofl:

[Soylent Brice]

14. according to this story, he may need to get a

chastity belt.

[TankLV]

3. Yep - and the fucking SWISS are pissed at us about this!!!

FUCK THE SWISS!!! They're HIDING TAX CHEATS!!!

Talk about hutzpah...

GET RID OF THESE "SECRET" BANK ACCOUNT HAVENS once and for all...

[FailureToCommunicate]

4. Now THIS is a feel good story for Tax Day! Thanks for posting! Now back to figuring

out these @#$!!?#$ tax forms

[xchrom]

5. recommend

[florida08]

6. geez

why is it always Florida..I think we were number 1 in mortgage faud too. Amazing isn't it..the bigger the wallet the cheaper the person..generally speaking.

[denverbill]

7. And a GOP donor to boot. Surprise, surprise.

MORAN, ROBERT J
FORT LAUDERDALE,FL 33064 MORAN YACHT & SHIP, INC/YACHTBROKER 10/28/08 $500 National Republican Trust PAC
MORAN, ROBERT J MR
LIGHTHOUSE POINT,FL 33064 MORAN YACHT & SHIP/YACHT BROKER 3/7/08 $500 Republican National Cmte (R)
MORAN, ROBERT J MR
LIGHTHOUSE POINT,FL 33064 MORAN YACHT & SHIP/YACHT BROKER 8/22/08 $500 Republican National Cmte (R)
MORAN, ROBERT J MR
LIGHTHOUSE POINT,FL 33064 MORAN YACHT & SHIP/YACHTBROKER 10/29/08 $500 Republican National Cmte (R)


http://www.opensecrets.org/indivs/donor_lookup.php?name=moran,%20robert

[happygoluckytoyou]

8. gotta love the wealthy..... class warfare is ON

[pattmarty]

9. Put the motherfucker in an 8x10 cell with Bubba, Jose and Leon.

[RandomThoughts]

10. Moran Yacht & Ship in Fort Lauderdale

Anyone else remember a story about some tax break for ship sales in Florida earlier today? Is he also one of the people that would benefit from that? Or is his company in a different sector then the tax break.

Anyone remember?

[proud progressive]

11. oh, baby!! here come da money. RIGHT!!!

LET ME UNDERSTAND THIS. THE LAWMAKERS, ALL OF WHOM ARE RICH, ARE GONNA ELIMINATE THE TAX HAVENS FOR THE RICH. HMMM! SOMETHING TELLS ME THAT THIS SOUNDS LIKE THE WOLF AND THE CHICKEN-COOP.
OH, I GET IT! BECAUSE MOST ARE DEMS IT WILL HAPPEN - RIGHT? I GUESS I FORGOT THAT DEMOCRATS ARE NOT POLITICAL WHORES LIKE SOME OTHER PARTIES. SORRY ABOUT THAT.

[Soylent Brice]

13. self delete.