MarketWatch, The Wall Street Journal, reported:
Undercover agents from the Internal Revenue Service conducted a yearlong probe that led to the arrests in Miami last month of three financial advisers based in the Caribbean territory.
This past week, an official at the Justice Department said the sting should serve as a warning about offshore accounts.
“The Cayman case illustrates that we have ways of getting information that people don’t know about,” Assistant Attorney General Kathryn Keneally of the department’s Tax Division said at a news conference in New York.
Read the full article “Offshore accounts: the next target.”