A federal grand jury indicted Foster Dai, a former electrical engineering professor at Auburn University, on charges of filing false tax returns and failing to report a foreign bank account. Dai is accused of receiving payments from Chinese entities through accounts with China Merchants Bank and Industrial & Commercial Bank of China and not reporting this income on his federal tax returns. He also allegedly failed to file required reports (FBAR) for these accounts.
Acting U.S. Attorney Kevin Davidson said in a news release that Auburn University fully cooperated with law enforcement and his office during the investigation.) - A federal grand jury indicted a former Auburn University professor on charges of filing false tax returns and failing to report a foreign bank account, the
Dai was an electrical engineering professor at Auburn, according to the indictment. He is alleged to have been a corporate executive officer of Shenzhen NRT, Co., Ltd., based in China. An indictment simply alleges that crimes have been committed, and defendants are presumed innocent until proven guilty beyond a reasonable doubt.
TAX FRAUD FOREIGN BANK ACCOUNT AUBURN UNIVERSITY INDICTMENT INVESTIGATION
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