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NEWARK, New Jersey: A Swiss banker used a toothpaste tube a decade ago to smuggle diamonds into the U.S. Prosecutors now say an Israeli bank employee devised a new way to help a U.S. client hide assets from the Internal Revenue Service: She carried account statements into the country on a USB flash drive concealed in her necklace. The businessman, Masud Sarshar, agreed to plead guilty to hiding more than $21 million through accounts at Bank Leumi Le-Israel Ltd. and two other Israeli banks, the Justice Department said Monday.Sarshar closed his Bank Leumi accounts in 2011, telling his manager there that he was worried his accounts would be revealed to U.S. investigators.At the direction of his relationship managers, Sarshar obtained Israeli and Iranian passports to avoid alerting bank compliance officers.He also transferred funds to a third Israeli bank in 2011 and $5.8 million from his Bank Leumi account to a Hong Kong bank, according to the plea agreement.
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