Man arrested for money laundering turns whistleblower collecting $22.2 million award

A man, identified only as “P-H” to protect his identity will receive over $22.2 million for revealing info to the Government about a foreign business that was helping U.S. taxpayers evade income taxes. “P-H” was arrested in a money laundering conspiracy and in exchange for a lighter sentence, he told the IRS about the business of helping U.S. citizens evade taxes and how it worked.

The foreign business which he turned in was indicted and pleaded guilty, paying the Government $74 million.

In another case, a whistleblower who revealed information about a bank assisting Americans in evading taxes was sentenced to prison but eventually collected $104 million as his whistleblower award.

Jeffrey Newman represents whistleblowers.