Dan Rotta, a multilingual businessman from Aventura, Florida, admitted in court to conspiring to defraud the IRS, resulting in significant back taxes owed on undisclosed foreign income. Rotta is expected to face a prison sentence of up to five years, following a plea deal that involves dismissing 21 related charges. His financial misconduct included hiding over $20 million in Swiss bank accounts and lying about his wealth for decades. This case highlights the ongoing scrutiny of high-profile individuals evading taxes.
Dan Rotta, 78, pleaded guilty to conspiracy to defraud the IRS, admitting to owing millions in back taxes from his foreign bank accounts.
Prosecutors revealed that Rotta initially hid more than $20 million in assets in secret accounts at five Swiss banks, failing to report income on tax returns.
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