Tax Evasion

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

    …) Antitrust violations Credit card fraud Computer/internet fraud Bankruptcy fraud Embezzlement Tax evasion Public corruption Economic espionage/trade secret theft Environmental law violations Counterfeiting Financial institution fraud Insurance fraud Kickbacks Mail fraud Phone/telemarketer fraud Government fraud Intellectual property theft or piracy Money…

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

    … Connecticut Man Pleads Guilty in Securities Fraud Scheme Posted on Monday, November 28, 2016 at 9:14 AM From the Desk of Jim Eccleston at Eccleston Law LLC: Christian Meissenn, also known as “Christian Nigohossian,” from Suffield, Connecticut pled guilty to one count of conspiracy to commit mail and wire fraud and one count of tax evasion…

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

    … typically fall into the categories listed above, though not always. This list contains some of the most commonly prosecuted federal crimes: Mail fraud Bank robbery Drug smuggling Tax fraud or tax evasion Distributing illegal pornography through the Internet Destroying or defacing federal property Plane hijacking Human trafficking across state lines…

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

    … A former senior in-house intellectual property counsel for Hunter Douglas was sentenced Wednesday to nearly six years in federal prison for his role in a fraudulent billing scheme involving fake patent searches. The former patent attorney pleaded guilty in April to federal felony charges of tax evasion and mail fraud arising from his theft…

    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

    … and all other the leaders with their hands in the cookie jar. Although the ICIJ has not released the actual data – just excerpts – we know that they claim to have records of ten banks that sought offshore constructs for their clients. Is this evidence of tax evasion? Not directly but based on years of experience, we suspect that many of those…

    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- 83 readers -
  • Swiss Convict Tax Whistleblower in Absentia

    … government. Unlike typical hacker who sell stolen account information to fraudsters on the black market, Falciani’s buyer was the government. In recent years there has been a huge push to combat tax evasion using foreign bank accounts. The United States leads that push and regularly prosecutes U.S. taxpayers with unreported offshore accounts. Having…

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

    … Peter Canale is the Latest Brother to Get Caught Up in a Tax Evasion Scheme Involving Unreported Swiss Accounts Uncle Sam has become quite adept at ferreting out foreign bank accounts. Get caught with an unreported offshore account and you could even wind up in prison. One man in Kentucky thought he could outsmart the IRS by hiding his…

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

    …-affirmation of the shared commitment of India and USA towards tax transparency and the fight against offshore tax evasion and avoidance. “ Revenue Secretary, Shaktikanta Das referred to the agreement as “a very important step…that would deter tax offenders.” Ambassador Verma also called the Agreement “an important step…to combat tax evasion…

    Due Diligence- 15 readers -
  • Hong Kong the New Money Laundering Destination?

    … of Treasury and Hong Kong signed a FATCA intergovernmental agreement in November of 2014. The IRS has also now stationed agents in Hong Kong. While the Chinese have a checkered reputation for honoring and enforcing treaties, China has its own concerns about tax evasion and money laundering. Because China and the US have some of the same interests…

    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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