$545K FBAR Fine Is Unconstitutional, Ex-Professor Tells Court

By David Hansen · November 13, 2024, 5:05 PM EST

An 86-year-old former college professor's penalty of $545,000 for failing to report foreign bank accounts is excessive and violates the Eighth Amendment, he told a California federal court....

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Documents

Case Information

Case Title

United States of America v. Saydam

Case Number

4:22-cv-07371

Court

California Northern

Nature of Suit

Forfeit/Penalty: Other

Date Filed

November 22, 2022