Sucks for OP, but why would you put 700,000+ into one account? Amounts that high should be in assets. Like many people have said, as soon as you put that money in there it is gone forever. You should never exceed the amount that is going to be insured.
Tax evasion has its flaws.
Like you would have handled it any better...
While I don't have 700,000 dollars to lose, I haven't lost money due to a bank closing down yet.
And what do you expect me to say? Should I feel sympathy for someone far richer than me who lost money because they tried to evade taxes that I pay willingly with no problems?