A Greenwich, Connecticut business executive was sentenced to six months in prison today for failing to report over $28 million in funds he maintained in Swiss bank accounts to the Department of Treasury, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department’s Tax Division, U.S. Attorney Dana J. Boente for...
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Category: Tax Fraud
Yankee Clipper Food Service pays NY $13 million to settle whistleblower case of unpaid state taxes
Yankee Clipper Food Services I Corporation on felony charges stemming from an extensive scheme to avoid paying New York taxes between 2011 and 2015. Following an investigation conducted by the Attorney General's Office, the company, along with several individuals and affiliated airport food service companies doing business under the trade name "Express...
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Massachusetts psychic who charged $3.5 million for exorcisms and healing charged with tax evasion
MASSACHUSETTS WHISTLEBLOWER LAW
A self-described psychic and spiritual leader Sally Ann Johnson, 41, of Martha's Vineyard, ran businesses including Psychic Match Inc and Flatiron Psychic, admitted in Boston federal court that she tried to impede the administration of tax laws. Johnson was paid to purportedly perform spiritual cleansing and healing services and repeated exorcisms. Johnson,...
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Illinois gas stations pay $4.5 million to settle whistleblower suit on sale tax fraud
Attorney General Lisa Madigan today announced a $4.5 million settlement to resolve a lawsuit under the Illinois False Claims Act against 13 Chicago-area gas stations and two gas station owners for sales tax fraud.
Madigan's lawsuit alleged that since 2002, defendants submitted false monthly sales tax returns to the Illinois Department...
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HEAVY EQUIPMENT MAKER CATERPILLAR WHISTLEBLOWER STANDS TO MAKE $600 MILLION IRS AWARD
In March of this year, The New York Times reported that a report commissioned by the government accused heavy equipment manufacturer Caterpillar of carrying out tax and accounting fraud. According to the Times, the report outlined a company strategy for repatriating billions of dollars from its offshore affiliates while evading federal income taxes on...
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Accountant whistleblower who revealed Caterpillar tax issues could get $600 mill award largest ever
Financial whistleblower:
Daniel Schlicksup, an accountant who had been with Caterpillar Inc. for 16 years, tried to tell his bosses that it had illegally avoided more than $1 billion in taxes. No one seemed to listen.
Now, aided by documents provided by Schlicksup, the IRS, has determined that concluded in 2013 that Caterpillar had employed an...
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Largest state tax evader settlement in New York yields over $40 million from financial investment firm/ hedge fund
A whistleblower lawsuit brought under the New York State's False Claims Act has resulted in a settlement of $40 million against a financial investment firm Harbert Management Corp of Alabama. The case alleged that Harbert earned hundreds of millions of dollars through an office in New York for which it paid no...
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Offshore tax havens hide between $7.6 to $32 trillion from U.S. tax authorities including in Cyprus
Tax experts believe that between $7.6 trillion to $32 trillion are hidden in offshore tax and secrecy accounts. More than 70 percent of big American companies have subsidiaries in offshore havens. One major focus of the Trump team investigations is expected to be the island of Cyprus, a secrecy haven for Russian oligarch...
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Habert Management investment firm pays $40 million to settle claims it failed to pay millions in NY performance tax
Habert Management corporation of Alabama has agreed to pay $40 million to settle allegations that members of Harbinger's investment manager failed to pay millions in New York State tax on performance income for several years. "Our investigation uncovered a brazen and deliberate decision to avoid paying millions in taxes owed to New York State,"...
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Massive payroll tax evasion skyrocketing nation wide says the IRS inspector general
Payroll tax evasion is exploding says the IRS inspector general for taxes in a newly released report. As of the end of 2015, 1.4 million employers owed approximately $45.6 billion in unpaid employment taxes, interest and penalties. Three-quarters of that was owed by employers who hadn't paid payroll taxes in a year. That...
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