New Jersey man pleads guilty for hiding UBS account

WASHINGTON (Reuters) - A New Jersey man pleaded guilty on Friday to failing to report about $6.1 million he had held in a UBS AG Swiss bank account, the Justice Department said, the latest plea in the U.S. crackdown on tax fraud.

Juergen Homann agreed to plead guilty to failing to report his UBS account on his U.S. income tax return as well as the income he received from the account, according to the Justice Department.