UK Man Agrees to Plead Guilty in ‘Singapore Solution’ Tax Case

A UK citizen has agreed to plead guilty over his role in helping Americans use offshore accounts to evade taxes through a scheme known as the “Singapore Solution,” US prosecutors said.

Roderic Sage has been ordered to be extradited from the UK and will appear late next week in Manhattan federal court, prosecutors told a judge in a letter on Thursday. He could face as long as two years in prison under a deal he reached with the US Justice Department, according to the letter.

Sage was indicted in 2020 and accused of joining a Swiss financial firm and five ...