Jeffrey Chatfield, Tax Evasion, California 2010
A San Diego man has pleaded guilty to filing a false tax return related to a secret Swiss bank account he maintained at UBS.
Jeffrey Chatfield, a San Diego resident, pleaded guilty before U.S. Magistrate Judge Nita Stormes to a criminal information charging him with filing a false tax return.
According to court documents and statements made in court, Chatfield pleaded guilty to filing a false tax return for 2003 in which he failed to report that he had an interest in or a signature authority over a Swiss financial account at UBS.
He also failed to report income earned on this UBS Swiss bank account.
Chatfield's guilty plea is subject to final acceptance by U.S. District Judge Michael M. Anello. Sentencing has been set for February 7, 2011.
Chatfield remains free on bail pending sentencing, where he faces a maximum sentence of three years in prison.
Chatfield admitted to filing false tax returns from 2000 to 2008 that concealed his interest in various offshore accounts and failing to report any income earned from these accounts.
He also admitted that he never filed any reports of Foreign Bank and Financial Accounts (FBARs) disclosing his interest in any offshore financial accounts.
Key Facts
- State: Federal
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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