Three men who live in Orange County have pleaded guilty to hiding their income in foreign bank accounts to avoid taxes, federal prosecutors said.
Dan Farhad Kalili of Irvine, 55; his brother David Ramin Kalili of Newport Coast, 52; and his brother-in-law David Shahrokh Azarian, 67, also of Newport Coast, pleaded guilty Wednesday to failing to file Reports of Foreign Bank and Financial Accounts with the Internal Revenue Service, according to Thom Mrozek of the U.S. Attorney’s Office. They had accounts in Switzerland, some of which had been in existence for more than a decade, Mrozek added.
The hidden accounts held assets worth millions of dollars, Mrozek said.
“Foreign bank accounts are not a haven for hiding money from the Internal Revenue Service,” U.S. Attorney Eileen M. Decker said. “These defendants took affirmative steps to hide income from federal authorities, but their efforts will now cost each of them hundreds of thousands of dollars in penalties for violating U.S. laws.”
Sentencing was scheduled for April 24. The three could face up to five years in prison.
Dan Kalili agreed to pay a civil penalty of $2.6 million, David Kalili agreed to pay $1.3 million and Azarian agreed to pay $951,607, according to Mrozek.
—City News Service
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