Wed, Jun 22, 2011
Sean And Nadia Roberts Admit They Hid Assets In Swiss
The owners of The National Test Pilot School and
Flight Research, both based at Mojave Airport (KMHV) in California,
have pleaded guilty to income tax fraud in U.S. District Court in
Sean and Nadia Roberts have operated what they say is the only
civilian test pilot school in the world. They pleaded guilty to
filing false income tax returns and defrauding the government of
over $700,000 in taxes. Both now face up to three years in prison
and fines totaling $2 million.
The National Test Pilot School is a non-profit school that
trains test pilots. Most of the aircraft used by the school are
owned by Flight Research. The Associated Press reports that the
pair was discovered by a government investigation of UBS Bank in
Switzerland. UBS admitted to helping some taxpayers in the U.S.
hide accounts, and as part of their agreement turned over the names
of some of their customers to the government. The Roberts were
among the first 260 names handed over. Later, other UBS Bank
clients were covered under a deferred settlement agreement, and
those customers avoided criminal prosecution.
The Roberts pleaded to a single count of filing a false tax
return. They were accused of transferring money to a number of
offshore accounts, and then deducting those transfers on corporate
and individual returns.
Sentencing is set for September 6th.
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