Ashvin Desai of San Jose has been indicted by a federal grand jury on three counts of tax evasion, two counts of willfully aiding preparation of false tax returns and three counts of failing to file reports of Foreign Bank and Financial Accounts, the Justice Department said.
Desai faces up to 10 years in prison and a maximum penalty of $500,000 on the various charges.
According to the indictment, during 2009, Desai, his wife and his two adult children maintained maintained approximately $8.8 million in his undeclared accounts at
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