Saturday, April 24, 2010

Jewish tax evader blames the Holocaust

A Jewish watchmaker said he hid funds in a Swiss bank account because of survival behavior learned from the Holocaust. Jack Barouh argued his secretive behavior was motivated by his fear as a Jew of persecution and sudden loss. Barouh had pleaded guilty in February 2010 to filing a false tax return which did not include his assets held in a range of foreign accounts. He admitted hiding about $10 million in bank accounts he controlled from 2002 to 2008, not only in Switzerland.

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