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Fortune Talks With Cono Namorato on Victory for Offshore Account Holders
Caplin & Drysdale

Fortune Talks With Cono Namorato on Victory for Offshore Account Holders

Date: 4/29/2013

Cono R. Namorato spoke with Fortune concerning the case of Mary Estelle Curran, a 79-year-old widow who earned five seconds of probation for not disclosing an inherited Swiss account.  In an excerpt taken from the article Mr. Namorato, a former senior IRS official, stated "The government should stop bringing these silly prosecutions against people who made a good-faith effort to make a voluntary disclosure."  The ruling could prompt a shift in how prosecutors choose to build cases against U.S. taxpayers with foreign bank accounts.  For more on the story, please visit Fortune's website.

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