The IRS Chief announced that tax evasion in the U.S. exceeds $1 trillion a year and is going up. Internal Revenue Service Commissioner Chuck...
Continue reading…
Category: tax evasion
Hedge fund and manager pay New York $105 million to settle tax evasion case initiated by whistleblower
The New York State Attorney General Letitia James and New York City Corporation Counsel John E. Johnson have settled a state tax evasion case for $105 million against Thomas Sandell of Sandell Asset Management Corporation (SAMC), a hedge fund. It is alleged that Sandell, through his firm, recognized over $450 million in management and...
Continue reading…
Major Canadian cryptocurrency exchange Coinsquare ordered to hand over client info to federal tax authorities
A major Canadian cryptocurrency exchange Coinsquare of Toronto has been ordered to render its client information to federal tax authorities following a first-of-its-kind court ruling. The Federal Court issued an order compelling Coinsquare Ltd. to reveal customer details to the Canada Revenue Agency as it expands its enforcement among cryptocurrency holders and traders....
Continue reading…
Switzerland’s oldest private bank Rahn & Bodmer pays U.S. $22 million for helping holders file false tax returns defrauding IRS of millions
Rahn & Bodmer, Zurich Switzerland's oldest private bank, will pay $22 million to the U.S. government for conspiring to help U.S. account holders file false federal tax returns and defraud the IRS hiding hundreds of millions of dollars offshore. Rahn & Bodmer helped U.S. account holders file false federal tax returns and commit tax...
Continue reading…
Hedge fund founder Thomas Sandell to pay New York 105 million for evading NY city and state taxes. Whistleblower gets $22 million
Hedge fund founder Thomas Sandell paid $105 million to settle claims he fraudulently evaded New York and State taxes on more than $450 million on fees he earned.
In the settlement, a whistleblower will receive more than $22 million in reward, which is the largest recovery in New York state history under the False Claims...
Continue reading…
