Is to avoid hiding millions of dollars from the Feds. U.S. tax authorities really frown on that. Case in point, UBS client Juergan Homann is in hot water over a $6.1 million account that he kept secret in a Swiss bank account. To make matters worse, he used to the account to set up a fake loan for $5 million to fund business projects. Mr. Homann, take a tip from FC: honesty is typically the best policy. See the Investment News story here.