Mauricio Cohen Assor, 77, and his son, Leon Cohen-Levy, 46, each with residences in Miami Beach, Fla., were sentenced in February 2011 to 10 years in prison after having been convicted of conspiring to defraud the United States. The government said the father and son hid more than $150 million in assets and failed to report $49 million in income. They owned several residential hotels under the trade name Flatotel International, with locations in France, Spain, Brussels and New York City.
Their hidden assets included mansions, yachts, luxury automobiles and bank accounts containing te ns of millions of dollars. According to court documents and trial testimony, the two men and their co-conspirators used nominees and shell companies formed in tax havens - including the Bahamas, the British Virgin Islands, Panama, Liechtenstein and Switzerland to conceal their assets and income from the IRS. They also provided false documents to banks, filed false tax returns , and opened accounts under the names of nominees. Among the nominees used were the defendants’ personal secretary and limousine driver.
Pictured: Mauricio Cohen Assor