Feb. 11 (UPI) -- A former University of Rochester business professor will spend seven months in prison after being convicted of stashing more than $200 million in Credit Suisse bank accounts to avoid paying U.S. taxes.
Daniel Horsky, 71, was charged with using the Swiss bank to hide profits made from investing in two start-up companies over the course of 15 years, prosecutors said. Horsky avoided paying some $18 million in U.S. taxes as a result of the scheme, prosecutors said.