U. S. Justice Department said Friday that a California man would plead guilty he tried to evade federal income taxes via UBS AG, Swiss bank that conceal the identity of its account-holders.

The charge filed against John McCarthy, a resident of Malibu states that he opened a Swiss account in 2003 in the name of COGS Enterprises Ltd., and failed to file a Foreign Bank and Financial Accounts Report.

McCarthy will appear in the court on Sep. 14 in Los Angeles.

As a part of the plea, McCarthy will pay a penalty equal to the 50% of the highest amount of his unreported COGS account since 2003.

Three other UBS clients have already pleaded guilty in similar cases of tax evasion.

It may be noted here that the US government has been asking UBS AG to expose the details of as many as 52,000 Americans who are trying to evade taxes via secret accounts with the Swiss bank.

Later, the bank provided about 250 customer names to the Internal Revenue service under an agreement to avoid prosecution. The bank also agreed to pay 780 million dollars in penalties.