MIAMI (WSVN) – A Miami man was sentenced to five years in federal prison for conspiring to defraud the United States by concealing more than $20 million in income and assets in undisclosed Swiss bank accounts over several decades, officials said.
Dan Rotta, a dual U.S. and Brazilian citizen, hid the assets between 1985 and 2020 using dozens of secret accounts at five Swiss banks, including UBS, Credit Suisse, Bank Bonhôte, and Bank Julius Baer, according to the U.S. Department of Justice.
Federal prosecutors said Rotta used a variety of methods to conceal his wealth, including sham structures, a pseudonym and falsely claiming that he was not a U.S. citizen…