United States of America v. Quiel
Case Number:
2:21-cv-00094
Court:
Nature of Suit:
Judge:
Firms
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August 28, 2024
Jury Justified In Dismissing $2.2M FBAR Case, Court Rules
A financial adviser will not face a new trial after an Arizona federal court ruled there was sufficient evidence for a jury to clear him in January of failing to report foreign bank accounts, sparing him at least $2.2 million in penalties.
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January 17, 2024
Jury Clears Financial Adviser Of $2.2M In FBAR Penalties
A financial adviser didn't have authority over several foreign accounts that he was accused of failing to report to the Internal Revenue Service, which wrongly assessed him $2.2 million in penalties, an Arizona federal jury ruled.
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July 06, 2023
Tax Conviction No Proof Of Interest In Civil Case, Court Says
An Arizona federal judge rejected an argument by the U.S. government that an investment banker's prior conviction for filing a false tax return proved in a separate civil case that he had an interest in four overseas accounts that he did not report on the return.
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September 07, 2022
Banker Seeks Remand, Reduced Penalties In $2M FBAR Suit
An investment banker told an Arizona federal court it should remand to the IRS aspects of a $2.2 million penalty he faces over the government's claim that he willfully failed to disclose Swiss bank accounts, as the assessment was inaccurate.
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August 24, 2022
US Shouldn't Get Early Win In $2M FBAR Suit, Banker Says
An Arizona investment banker who the Internal Revenue Service says owes a $2.2 million penalty for not disclosing Swiss bank account assets asked an Arizona federal court not to rule in favor of the government.
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July 18, 2022
Investment Banker's $2.2M FBAR Bill Excessive, Court Told
An Arizona investment banker's $2.2 million IRS bill for failing to properly disclose his Swiss bank accounts violates the U.S. Constitution's prohibition on excessive fines, he told a federal court, asking it to order a recalculation of the figure.
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January 20, 2021
Venture Capitalist Owes $2.2M In FBAR Penalties, Court Told
An Arizona investment banker failed to file reports of his foreign bank accounts in Switzerland and owes up to $2.2 million in penalties and fines as a consequence, the U.S. told a federal court.