April 15 (Bloomberg) -- A pair of Miami Beach hotel developers were arrested and charged with conspiring to defraud the Internal Revenue Service by hiding more than $45 million in offshore accounts.
Mauricio Cohen Assor and his son Leon Cohen Levy, who built residential hotels under the Flatotel name, never told the IRS about proceeds of the $33 million sale in 2000 of a New York hotel, according to a complaint in federal court in Miami. Cohen Assor also used offshore nominee accounts to hide the ownership of a Swiss account at an international bank that held $45.6 million in 2004, according to the complaint.
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