Zurich, Switzerland (GenevaLunch) - A retired sales manager at Boeing in Seattle, Washington, USA, is the eighth person to admit he held accounts at Swiss bank UBS to evade the US tax system. The US Justice Department announced Monday 5 October that Roberto Cittadini of Bellevue, Washington has pleaded guilty to filing false tax returns and to hiding  $1.8 million from the IRS, the US tax authority. The department’s detailed press release notes that Cittadini was helped by a Swiss banker and Swiss accountant, both of whom were indicted for fraud in the US in August 2009.

Cittadini, according to US media, made several trips to Switzerland during the early 1990s.

The Justice Department notes that “Cittadini faces a maximum sentence of three years in prison and a maximum fine of $250,000. Additionally, Cittadini agreed to pay a civil FBAR penalty based on 50 percent of the highest account balance from 2001 to 2007.” The FBAR is a requirement by the US government for its citizens and greencard holders to file their worldwide bank holdings and financial accounts for each tax year.

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