Florida woman condemned in a family plan to hide almost $ 100 million in the high seas

West Palm Beach, Florida (CBS12) – A Florida woman was convicted of her role in a family scheme to hide dozens of millions of dollars in bank accounts on the high seas that extended from Switzerland to Israel to Panama and Andorra.

On Monday, Gilda Rosenberg declared himself guilty of working with two family members to hide more than $ 90 million in assets and income in banks outside the United States, the United States Department of Justice reported.

According to prosecutors, Rosenberg family members have had accounts abroad during the last half century. In the 1990s, Golden Beach’s wife knew that she and her family were not revealing those accounts to the United States government or were paying taxes for the money made to them.

In its summary of the case, the Department of Justice established a timeline that saw family members consolidate accounts in which Credit Suisse. These accounts were closed in 2013 because family members linked to them were from the United States.

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At that time, prosecutors explained, the family spread the money to two other Swiss banks, as well as institutions in other countries. Rosenberg, who has a double citizenship in the United States and Columbia, said when he opened the accounts he lived in the South American nation.

About four years later, Rosenberg and a relative gave their assets on the high seas to a relative who resigned from his US citizenship. However, the family tried to move the assets to Rosenberg control in the United States, while paying taxes. In doing so, false documents were created so that it seems that money was loans and commercial investments.

Prosecutors estimated that between 2010 and 2017, Rosenberg did not report approximately $ 5.5 million in revenues, which cost the IRS almost $ 2 million in revenues.

She is scheduled to be sentenced on May 30 and faces up to five years in a federal prison, along with any monetary sanction and restitution.

This is not Rosenberg’s first federal conviction, the statement said. He already declared guilty in Texas that plans to defraud the army exchange service and the Air Force by not paying contractually mandatory commissions.

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