On February 10, 2017, Dan Horsky, a citizen of the United States, United Kingdom and Israel and a former professor of business administration, was sentenced to seven months in prison for conspiring to defraud the United States and to submit a false expatriation statement to the IRS.  According to the plea agreement, Horsky invested in start-up businesses through accounts at offshore banks.  Horsky filed false income tax returns that failed to disclose his beneficial ownership of these accounts, which by 2015 held over $220 million in undisclosed assets.  In addition to his seven-month sentence, Horsky paid a $100 million civil penalty to the U.S. Treasury.  United States v. Horsky, 16-CR-224 (E.D. Va.). DOJ Press Release

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