An American man could face five years in jail after admitting hiding money from the taxman on the Island.
50 year old Michael Fitzgerald of Springfield, Massachusetts, admitted breaching rules on reporting income from foreign banks.
Between 2005 and 2012, he had almost £1.75 million at the Bank of Ireland on Christian Road in Douglas.
But he didn't tell the US Department of the Treasury - and will be sentenced on January 3.
Peel Road to close this evening for dangerous tree works
Retiring MHKs to have special dinner at Government House
Constituency meeting for Douglas Central tonight
Flights to and from the UK may be disrupted today
Vehicle recovery closes road until this evening
Charlie takes top karting honours
Manxman out of action until November, says Steam Packet company
Today's planned Mountain Road closure called off