(Bloomberg) -- A former client of Credit Suisse Group AG who pleaded guilty to hiding $200 million from U.S. tax authorities was sentenced to seven months in prison after a judge granted him leniency for cooperating with prosecutors, a Justice Department official said.
Dan Horsky, a retired business professor from Rochester, New York, was also sentenced to 50 hours of community service and fined $250,000 on Friday in federal court in Alexandria, Virginia. He pleaded guilty Nov. 4 to using secret Swiss bank accounts to hide assets and income from the Internal Revenue Service and New York tax authorities. Prosecutors urged a judge to send him to prison for 20 months. Horsky’s lawyers said he deserved probation because he cooperated with prosecutors and will pay at least $124 million in penalties.
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