11th Circ. Questions Whether $18M FBAR Penalty Is Excessive

By Anna Scott Farrell · December 6, 2023, 4:52 PM EST

The Eleventh Circuit questioned Wednesday whether $18 million in tax penalties against a man who failed to report his foreign bank accounts may have breached the U.S. Constitution's bar on excessive...

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Case Information

Case Title

United States of America v. Schwarzbaum

Case Number

9:18-cv-81147

Court

Florida Southern

Nature of Suit

Forfeit/Penalty: Other

Date Filed

August 27, 2018


Case Title

USA v. Isac Schwarzbaum

Case Number

22-14058

Court

Appellate - 11th Circuit

Nature of Suit

1690 Oth Forfeiture and Penalty Suits

Date Filed

December 05, 2022