In US v. Isac Schwarzbaum, US District Court, Southern District Of Florida, Case No. 18-cv-81147, a Federal government allegations that a Florida accountant willfully failed to report four foreign bank accounts can't be resolved without a trial, a Florida district court ruled.
On October 23, 2019, the Government initiated the instant action against Kronowitz seeking to collect outstanding civil penalties for his allegedly willful failure to report his financial interest in foreign bank accounts, as required by 31 U.S.C. § 3514 for the years 2005-2010.
Specically, the Government alleges that Kronowitz failed to properly report his financial interest in the following accounts: