According to Law360, Gilda Beth Rosenberg, a Colombian-American businesswoman and former Credit Suisse client, was sentenced on July 25, 2025, to 2½ years in prison for conspiring with relatives to hide over $90 million from the IRS through foreign bank accounts in Andorra, Israel, Panama, and Switzerland. Alongside the prison term, Rosenberg was fined $30,000 and ordered to serve three years of supervised release.
Rosenberg pled guilty to conspiracy to defraud the United States, admitting she concealed $5.5 million in income and filed false tax returns over seven years.
Prosecutors highlighted her cooperation in investigations, but the judge emphasized the length and seriousness of the years-long scheme.
Rosenberg’s sentence will run concurrently with a separate wire fraud case in Texas, stemming from a scheme to secure fraudulent military vending contracts.
This case demonstrates ongoing enforcement actions against those using offshore accounts to evade U.S. taxes.
Do You Have Undeclared Offshore Income?
Read more at: Tax Times blog
