A Florida woman has been sentenced to 30 months in prison for her role in a scheme to hide more than $90 million from the Internal Revenue Service (IRS). Gilda Rosenberg, 60, of Golden Beach, was convicted of conspiring with family members to conceal assets and income in undeclared bank accounts located in Andorra, Israel, Panama, and Switzerland.
According to court documents, the Rosenberg family had offshore accounts dating back to the 1970s. By the late 1990s, Gilda Rosenberg was identified as an owner and authorized signer on some of these accounts. She was aware that she and her family had not disclosed ownership of these foreign financial accounts to U.S. authorities or paid taxes on the income generated by those assets as required by law.
In the early 2000s, the family consolidated their assets at Credit Suisse branches in Switzerland and the United Kingdom. During this time, they informed Credit Suisse employees that they were U.S. persons seeking to hide assets from American authorities. These accounts remained open until 2013 when Credit Suisse closed them due to their status as U.S. persons.
Afterward, the family transferred their holdings—often titled under nominee entities—to new accounts at Bank Leumi in Israel, Union Bancaire Privée (UBP) and PKB Privat Bank SA in Switzerland, and a bank in Andorra. Rosenberg was listed as the beneficial owner of certain accounts at UBP and the Andorran bank. She also signed false account opening documents stating she was only a Colombian citizen.
Rosenberg and her relatives failed to file required Reports of Foreign Bank and Financial Accounts (FBARS) and submitted false tax returns omitting income from offshore assets.
In or about 2017, Rosenberg’s family divided their assets among themselves using documents designed to make it appear that offshore holdings had been gifted after one relative renounced his U.S. citizenship. They attempted covert transfers within the United States while creating fake loan and investment documents to disguise these transactions.
From 2010 through 2017, Rosenberg filed false tax returns failing to report income earned from concealed accounts at UBP. For tax years 2009 through 2017, unreported income by Rosenberg and two co-conspirators totaled over $5.5 million, resulting in a tax loss of $1,927,342.
Prior to sentencing, Rosenberg agreed to pay $1,927,342 in restitution plus interest to the IRS. Her plea agreement also included payment of a civil penalty totaling $5,857,045.50 for failing to file FBARs.
Rosenberg previously pleaded guilty in the Eastern District of Texas for conspiracy to commit wire fraud related to defrauding the Army and Air Force Exchange Service by submitting false reports regarding contract commissions.
“U.S. Attorney Hayden P. O’Byrne for the Southern District of Florida and Acting Deputy Assistant Attorney General Karen E. Kelly of the Justice Department’s Tax Division made the announcement.”
The case was investigated by IRS Criminal Investigation’s International Tax & Financial Crimes Unit with support from the Justice Department’s Office of International Affairs.
“Assistant U.S. Attorney Ana Maria Martinez for the Southern District of Florida and Senior Litigation Counsel Mark Daly, as well as Trial Attorney Marissa Brodney of the Tax Division, prosecuted the case.”
Additional information can be found at www.flsd.uscourts.gov or http://pacer.flsd.uscourts.gov under case number 25-cr-20005.
