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United States of America v. Roderic Sage
Date: 05-13-2026
Case Number:
Judge: Gregory H. Woods
Court: United States District Court for the Southern District of New York (New York County)
Plaintiff's Attorney: United States District Attorney's Office in New York City
Defendant's Attorney: Roger Burlingame
Description:
New York City, New York, criminal defense lawyer represented the Defendant charged with conspiracy to defraud the United States and the internal revenue service.
By Kent Morlan
Robert Sage helped U.S. taxpayers conceal more than $60 million in offshore accounts through a scheme designed to hide assets from the IRS.
SAGE was the founder and CEO of a Hong Kong financial services firm. From in or about 2008 to in or about 2014, SAGE and his co-conspirators defrauded the IRS by concealing income and assets of high-value U.S. taxpayer-clients with undeclared bank accounts at Privatbank IHAG Zurich AG (“IHAG”), a Swiss private bank. In order to assist the U.S. taxpayer-clients, SAGE and his co-conspirators devised and implemented a scheme dubbed the “Singapore Solution” to fraudulently conceal the bank accounts of the U.S. taxpayer-clients, their assets, and their income from U.S. authorities. In furtherance of the fraudulent scheme, SAGE and his co-conspirators conspired to transfer more than $60 million from undeclared IHAG bank accounts of the U.S. taxpayer-clients through a series of nominee bank accounts in Hong Kong and other locations before returning the funds to newly opened accounts at IHAG in the name of a Singapore-based asset management firm that a co-conspirator helped establish. The U.S. taxpayer-clients paid large fees to IHAG and others to help them conceal their funds and assets and evade taxes.
SAGE was arrested on May 7, 2025, in the United Kingdom and extradited to the United States.
* * *
SAGE, 73, of Gloucestershire, United Kingdom, pled guilty to one count of conspiracy to defraud the United States, which carries a maximum sentence of five years in prison. SAGE is scheduled to be sentenced by Judge Woods on July 30, 2026.
The maximum potential sentence in this case is prescribed by Congress and provided here for informational purposes only, as any sentencing of the defendant will be determined by the judge.
This prosecution is being handled by the Complex Frauds and Cybercrime Unit and the Tax Section of the Justice Department’s Criminal Division. Assistant U.S. Attorneys Olga I. Zverovich and Matthew Weinberg and Senior Litigation Counsel Mark F. Daly of the Tax Section are in charge of the prosecution.
By Kent Morlan
Robert Sage helped U.S. taxpayers conceal more than $60 million in offshore accounts through a scheme designed to hide assets from the IRS.
SAGE was the founder and CEO of a Hong Kong financial services firm. From in or about 2008 to in or about 2014, SAGE and his co-conspirators defrauded the IRS by concealing income and assets of high-value U.S. taxpayer-clients with undeclared bank accounts at Privatbank IHAG Zurich AG (“IHAG”), a Swiss private bank. In order to assist the U.S. taxpayer-clients, SAGE and his co-conspirators devised and implemented a scheme dubbed the “Singapore Solution” to fraudulently conceal the bank accounts of the U.S. taxpayer-clients, their assets, and their income from U.S. authorities. In furtherance of the fraudulent scheme, SAGE and his co-conspirators conspired to transfer more than $60 million from undeclared IHAG bank accounts of the U.S. taxpayer-clients through a series of nominee bank accounts in Hong Kong and other locations before returning the funds to newly opened accounts at IHAG in the name of a Singapore-based asset management firm that a co-conspirator helped establish. The U.S. taxpayer-clients paid large fees to IHAG and others to help them conceal their funds and assets and evade taxes.
SAGE was arrested on May 7, 2025, in the United Kingdom and extradited to the United States.
* * *
SAGE, 73, of Gloucestershire, United Kingdom, pled guilty to one count of conspiracy to defraud the United States, which carries a maximum sentence of five years in prison. SAGE is scheduled to be sentenced by Judge Woods on July 30, 2026.
The maximum potential sentence in this case is prescribed by Congress and provided here for informational purposes only, as any sentencing of the defendant will be determined by the judge.
This prosecution is being handled by the Complex Frauds and Cybercrime Unit and the Tax Section of the Justice Department’s Criminal Division. Assistant U.S. Attorneys Olga I. Zverovich and Matthew Weinberg and Senior Litigation Counsel Mark F. Daly of the Tax Section are in charge of the prosecution.
Outcome:
The Defendant elected to plead guilty.
Plaintiff's Experts:
Defendant's Experts:
Comments:
About This Case
What was the outcome of United States of America v. Roderic Sage?
The outcome was: The Defendant elected to plead guilty.
Which court heard United States of America v. Roderic Sage?
This case was heard in United States District Court for the Southern District of New York (New York County), NY. The presiding judge was Gregory H. Woods.
Who were the attorneys in United States of America v. Roderic Sage?
Plaintiff's attorney: United States District Attorney's Office in New York City. Defendant's attorney: Roger Burlingame.
When was United States of America v. Roderic Sage decided?
This case was decided on May 13, 2026.