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Scam: #237

Scam Alert


  • Posted By: Anonymous
  • Submitted: 02/06/2010
  • Severity: 10

Jack Barouh

Jack Barouh hides $$ in Swiss Acct

Golden Beach, Florida

Jack Barouh has pleaded guilty to hiding $10 million in his UBS Swiss bank accounts and failing to report income earned on those accounts and filing a false tax return.

Barouh is founder of Miami-based Michele Watches, a luxury brand purchased for $50 million in 2004 by Fossil.

It was alleged he “skimmed the profits” from that business and hid them in offshore accounts.


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