Jay R. Nanavati Representative Matters

  • Achieved a rare acquittal for a business owner in a federal tax fraud conspiracy jury trial after four weeks of government evidence and 117 government witnesses. The government was represented by a team of three attorneys from the U.S. Attorney's Office and the Department of Justice Tax Division.

  • Obtained dismissal before trial of all 53 counts of federal mail fraud, money laundering, conspiracy, and criminal forfeiture, in a case that the FBI, IRS-CI, and the U.S. Attorney’s office had spent five years investigating and prosecuting.

  • Represented a multinational financial institution facing a federal grand jury investigation for allegedly assisting U.S. taxpayers in evading their U.S. tax obligations.

  • Persuaded IRS-CI to terminate an investigation of the owner of a tax return preparation business for allegedly preparing false tax returns.
  • Persuaded a U.S. Attorney’s office to terminate an investigation of a business owner who failed to report large amounts of income. During the subsequent IRS audit of the client, persuaded the IRS to drop civil fraud penalties.

  • Avoided criminal prosecution and substantial civil tax penalties for a U.S. expatriate residing in Europe. The IRS’s audit related to the client’s use of a Panama foundation, a Seychelles international business company, and a Cyprus bank account.

  • Persuaded a U.S. Attorney’s office to cease a grand jury investigation of a client whose name was one of the first that UBS turned over to the Department of Justice in 2009 pursuant to its landmark deferred prosecution agreement. During the subsequent IRS audit of the client, persuaded the IRS not to pursue substantial “FBAR” and fraud penalties.

  • Represented a businessman facing a federal grand jury investigation for the felonies of tax evasion and structuring cash transactions. Persuaded the U.S. Attorney’s office to abandon the felony charges and bring only a single charge of misdemeanor failure to file a tax return.

  • Represented the owner of a healthcare company who was indicted by state authorities for multiple felonies arising from an alleged failure to pay employment taxes. Negotiated the reduction of felony charges to misdemeanor charges.