Advancing the Story of Secret Offshore Accounts: Scores of Innocent Wealthy Families Come Forward -- Will They Be Prosecuted?

With the recent attention to Americans who may have undeclared accounts at UBS, the Liechtenstein bank LGT, and other foreign banks, the D.C.-based law firm, Caplin & Drysdale is fielding more and more client calls from individuals who have such accounts and who want to try to resolve their issues before they are discovered by the IRS. By far, most clients are innocent of deliberate evasion but a great deal of wealth appears to be at stake with some accounts reaching the $25-million mark.

Webmaster's Commentary: 

If they are innocent of deliberate evasion, they would not be making those phone calls.

And one more point. These are people who got flushed out by just one leak from one bank in one tax-shelter country. There may be many more.

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