Florida Woman Convicted in Family Scheme to Hide Nearly $100 Million Offshore

In a significant legal victory for the U.S. Justice Department, a Florida woman has been convicted for her role in a family plan to conceal nearly $100 million in offshore accounts. The conviction, announced on March 11, 2025, marks a critical step in the ongoing battle against financial fraud and tax evasion.

The woman, whose identity has been withheld pending further legal proceedings, was part of a sophisticated scheme that utilized banks and financial institutions across multiple countries, including Switzerland, Andorra, Panama, and Israel. The family allegedly employed complex financial maneuvers to hide their wealth from U.S. tax authorities, using the services of Credit Suisse among other institutions.

The case underscores the challenges faced by authorities in tracking down offshore assets and prosecuting those who exploit international financial systems to evade taxes. It also highlights the cooperation between U.S. and foreign law enforcement agencies, as the Justice Department worked with counterparts in Switzerland, Andorra, Panama, and Israel to unravel the intricate web of deceit.

The conviction sends a strong message to those who attempt to hide their wealth offshore. It serves as a reminder that the long arm of the law can reach across borders to hold individuals accountable for their actions. As the case continues to unfold, it may lead to further prosecutions and the recovery of additional hidden assets.

• Credit Suisse
• Florida
• Justice Department