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Other football managers had not voluntarily declared accounts, he told the jury.
The authorities have not declared accounts with Madoff to be worthless.
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Operators generally declare accounts to be inactive when they are unused for three or six months.
Starting in June, banks will no longer be able to declare accounts dormant and transfer assets, a practice that led to charges that banks hoarded Nazi-era accounts.
For some people who were concerned about the tax bill from declaring accounts going back 20 years, the 10 year limit is attractive.
CW London Banks routinely declare accounts dormant if they've been inactive for around a year in the case of current accounts or two to three years in the case of savings.
Under the deal, Swiss banks were obliged to declare account details to HMRC.
OFHEO, which caught its share of egg by declaring accounting practices sound at Freddie Mac just days before the company loosed its top executives, is in limbo.
When Haslam ultimately sold the club to Saunders on 9 December 2008, the day the £2.4m dividend was declared, the accounts say Stags Limited's "overdrawn loan account" stood at £757,494.
NPB believed it could maintain its U.S. accounts, even if it knew or had reason to believe the accounts were to evade taxes, and indeed continued to service some of those accounts after knowledge that some owners had not declared their accounts to the IRS.
Around 15% of the 4,040 account holders had changed their tax returns and declared offshore accounts since the Afip investigation was made public, the authority said.
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