Interesting story, she inherited the accounts from deceased husband Mortimer in 2000 and they were managed by a fiduciary until being closed in 2008. Roy Black is her attorney.Reuters)- A 79-year-old Florida woman pleaded guilty on Tuesday to criminal charges of tax evasion through accounts at Swiss bank UBS AG, one of the largest such prosecutions in years.
Mary Estelle Curran pleaded guilty in United States District Court in West Palm Beach, Florida, to two charges of filing false tax returns that failed to report her UBS accounts from 2001 to 2007, court papers show.
Curran's UBS accounts used foundations in Liechtenstein and Panama, two tax havens, to conceal money, the Justice Department said in a statement. She faces six years in prison.
At their peak, in 2007, the accounts held more than $42 million, making the case among the largest of its kind.
Curran's accounts evaded U.S. taxes of $667,700, court papers show. Under onerous U.S. penalties for failing to report the accounts, Curran agreed to pay a civil penalty of more than $26.6 million, representing 50 percent of the high balance in the accounts. In addition, she owes back taxes of more than $667,700, plus penalties and interest, court papers show.
Looks like son Mortimer II runs a funding company and is involved in the real estate bus.
Mary was big in charity for needy and disabled youth.