Ex-Loyal Bank CEO Gets Time Served For Offshore Tax Dodge
Law360, New York (January 24, 2019, 8:50 PM EST) -- The former CEO and head business officer of offshore Loyal Bank Ltd. on Thursday skirted further incarceration for helping a supposed stock fraudster evade detection by U.S. tax authorities, after a New York federal judge deemed his rough term of overseas jail time to be a sufficient deterrent.
Adrian Baron, 64, a citizen of the U.K. and Saint Vincent and the Grenadines, previously admitted to directing others at Loyal Bank to set up bank accounts for an undercover law enforcement agent, who posed as a U.S. fraudster involved in multiple stock manipulation schemes on the hunt for corporate accounts he could control...
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