Tax Evasion

  • The Different Types of White-Collar Crime Laws in Texas

    … White-collar crime is a phrase that’s been used since 1939. It was originally used to define a crime committed by a “person of respectability” and significant social status in the course of his or her occupation. Today, the debate continues about which crimes qualify as white-collar crimes. However, generally speaking, white-collar crime…

    The Law Office of Matthew D. Sharp- 9 readers -
  • Connecticut Man Pleads Guilty in Securities Fraud Scheme

    …. The attorneys of Eccleston Law LLC represent investors and advisers nationwide in securities and employment matters. The securities lawyers at Eccleston Law also practice a variety of other areas of securities for financial advisors including breakaway broker services, employment matters, strategic consulting and counseling, broker litigation…

    Eccleston Law Offices- 12 readers -
  • What Is a Federal Crime?

    … What Is a Federal Crime? Posted by Matthew Sharp under Federal September 7, 2016 Explaining Federal Crimes If you’re arrested in the state of Texas, you may have to face prosecution in a court of law. Most people face prosecution in a state court for a case that stemmed from violating a state law. In some cases, a person who is a Texas resident…

    Matthew Sharp/ The Law Office of Matthew D. Sharp- 23 readers -
  • Day of Reckoning Arrives For Thieving IP Attorney

    … or balances put in place, and Mr. Throne was given unfettered discretion to approve payments to PSG. In 2015, the USPTO accepted Mr. Throne’s resignation from the Patent Bar and ordered his exclusion on consent. See In re Jason T. Throne, No. D2015-19 (USPTO Dir. April 22, 2015) (final order). In addition to the 71-month prison term, Throne was ordered to pay $4.84 million in restitution to Hunter Douglas. Related July 15, 2016…

    Michael E. Mccabe Jr./ IPethics & INsights- 25 readers -
  • Law360

    … as a shield for tax evasion penalties. In a more than 400page ruling, U.S. Bankruptcy Chief Judge Barbara J. Houser rejected the Wyly brothers’ defense that they could hide behind the advice of tax lawyers and other professionals to funnel their funds into a web of offhore trusts out of reach of the Internal Revenue Service, saying that Sam Wyly…

    Due Diligence- 26 readers -
  • When in Doubt, Sue! (“Panama Papers”)

    …). Since the Panama papers story broke, the law firm continues to say that it has done nothing wrong. Unfortunately, one lawyer from the firm allegedly admitted that 95% of the shell corporations they form are used for tax evasion purposes. Already, plaintiffs lawyers representing the clients of these banks are gearing up law suits against…

    Due Diligence- 12 readers -
  • The Panama Papers – Looking for Whistleblowers

    … banks requesting offshore constructs were: EXPERTA CORPORATE & TRUST SERVICES BANQUE J. SAFRA SARASIN – LUXEMBOURG S.A. CREDIT SUISSE CHANNEL ISLANDS LIMITED HSBC PRIVATE BANK (MONACO) S.A. HSBC PRIVATE BANK (SUISSE) S.A. UBS AG (SUCC. RUE DU RHÔNE) COUTTS & CO. TRUSTEES (JERSEY) LIMITED SOCIÉTÉ GÉNÉRALE BANK & TRUST LUXEMBOURG…

    Due Diligence- 36 readers -
  • Comptroller of Currency ’16 Whistleblower Opportunities

    … The Office of the Comptroller of the Currency (“OCC”) and its Committee on Bank Supervision have published their 2016 operating plan. That document is a road map to the agency’s enforcement priorities this year. Many of those priorities offer big whistleblower opportunities. The Financial Institutions Reform, Recovery and Enforcement Act…

    Due Diligence- 21 readers -
  • Fighting a Failure to Declare Penalty (19 USC 1497) issued by CBP

    … to ensure that parties declare valuable merchandise they have purchased abroad. This is important for many reasons, including tax evasion, money laundering, and the development of trade and commerce statistics. Low value items sometimes fall under CBP’s personal exemption rules and do not have to be declared. These rules vary depending…

    Mike Ivancie/ Ivancie Law- 87 readers -
  • Swiss Convict Tax Whistleblower in Absentia

    … remaining in France, a federal court in Switzerland convicted him late last year of industrial espionage. His crime? Being a tax whistleblower. Falciani once worked at HSBC Private Bank in Geneva. As an IT expert, he had wide access to HSBC’s customer accounts. In 2008, he took over 100,000 accounts and gave the information to the French…

    Due Diligence- 17 readers -
  • The Long Arm of the IRS (Tax Evasion Post)

    … be reported. Foreign accounts are reported on one’s individual income tax return and on an FBAR, Report of Foreign Bank and Financial Accounts. The willful failure to file an FBAR is a felony punishable by up to 5 years. Taxpayers who create fictitious account names (called nominee entities or shell companies) can also be charged with tax evasion…

    Due Diligence- 41 readers -
  • India Signs FATCA Agreement With US

    … Post by Veronica Pamoukaghlian, Senior Tax Writer India is the latest country to sign an agreement with the US under FATCA (the Foreign Account Tax Compliance Act). The implications of the treaty on the international tax landscape are vast, as it will heavily affect thousands of taxpayers and numerous financial institutions at two of the world…

    Due Diligence- 16 readers -
  • Hong Kong the New Money Laundering Destination?

    …. If you have questions about offshore bank accounts, IRS foreign reporting, FATCA or FBAR reporting, give us a call. All inquiries are protected by the attorney – client privilege and kept strictly confidential. For more information, contact attorney Beth Canfield at bcanfield@mahanyertl.com or by telephone at (414) 223-0464. MahanyLaw – America’s IRS…

    Due Diligence- 18 readers -
  • Two More Swiss Banks… FBAR Post

    … taxpayers set up fake trusts and foundations in St. Kitts and Liechtenstein. Nominee accounts have long been a subterfuge for tax evasion. There use has become so prevalent that the IRS considers the use of a shell or nominee entity to be an affirmative act of tax evasion. Both willful failure to file an FBAR and tax evasion are felonies punishable by 5…

    Due Diligence- 13 readers -
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