How the One Percenters Divorce
How the One Percenters Divorce: Offshore Intrigue Plays Hide and Seek with Millions

SIDEBAR US sentences surgeon who hid assets in Panama in midst of divorce By Frank Fuhrig, dpa


Washington (dpa) - A plastic surgeon from Alaska has been sentenced to four years in prison after being convicted in a scheme to hide millions of dollars in assets in a Panamanian bank account after his wife filed for divorce.

Dr Michael Brandner, 67, was sentenced Friday by a federal judge in Anchorage, Alaska. A federal jury had found him guilty in November on four counts of wire fraud and three counts of tax evasion.

There was no apparent link to the so-called Panama Papers, which have implicated political leaders, sports stars and criminals around the world in the hiding of money using offshore tax havens.

But the Brandner case illustrates how assets might be concealed in overseas banks - and the lengths some people take to avoid taxes and other claims.

"This case demonstrates that there is no longer any country where it is safe for a defendant like Dr Brandner to hide money from the government," Assistant US Attorney General Caroline Ciraolo, head of the Justice Department's Tax Division, said in a statement Monday. "Tax evasion knows no geographic bounds."


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