Fortune Talks With Cono Namorato on Victory for Offshore Account Holders
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.
- Senior Counsel