On October 20, 2014, Menashe Cohen pleaded guilty in New Hampshire federal court to one count of filing a false income tax return for failing to report the existence of his Swiss and Israeli bank accounts on his 2009 tax return. He did, however, report the existence of his Jersey account. The Swiss account had a high balance of $1.3 million. Cohen faces a maximum sentence of three years in prison. His sentencing is scheduled for January 26, 2015.