Epoch Tax Fraud Cases “Miami Vice” Style
Accounting Today recently published an article entitled, “Tax Fraud Blotter: Miami Vice.” Kudos to author Jeff Stimpson for researching some of the most compelling tax fraud cases to be splashed across the front pages of newspapers in the last few years and then to provide a detailed summary of each. Below is the article: Harvey, La.: Preparer Lisa Adams has been charged […]
Former UBS Client Sentenced to Prison for Hiding Offshore Bank Accounts From IRS
Another former UBS client has bit the dust. The Department of Justice recently announced that Gregg A. Kaminsky, an internet entrepreneur who served as CEO of Circlenet LLC, based in Atlanta, Georgia was sentenced for willfully failing to file a Foreign Bank Account Report. Unlike Raoul Weil and a few others who have held the government to its […]
Raise Your Hands In The Air Like You Just Don’t Care
One of the classic Paper Chase cases, albeit from a different first-year course than the one that the late, great John Houseman taught, is 1891’s O’Brien v. Cunnard S.S. Co., Ltd. Mary O’Brien, an Irish immigrant on board a ship from Queenstown to Boston, held up her arm to be vaccinated against smallpox, a duty […]
Man Caught Hiding Swiss Bank Accounts Becomes Latest Casualty Of Government’s Campaign to Root Out Tax Evasion
In a recent press release, the Department of Justice announced that a New York man pleaded guilty in the Eastern District of New York to a tax crime on February 18, 2015. The crime? None other than corruptly endeavoring to obstruct and impede the Internal Revenue Service. I know. It’s a mouthful. Below are snippets […]
Is The U.S. Government On The Brink Of Launching A Tax Investigation Into HSBC?
The threat of U.S. prosecution looms over HSBC Holdings PLC like the sword of Damocles after a groundbreaking report revealed that it helped clients hide cash from various tax authorities. These reports cast HSBC, HSBC’s Holding’s parent bank, in an unsavory light and is the latest round of negative publicity to besmirch the British bank’s […]
The Greatness Of Mickey Mantle And Louis Kovel
The 1961 Yankees occupy a special place in team history because, in my humble opinion, they were the only truly transcendent Yankee team between Joe DiMaggio and Derek Jeter. Mickey Mantle could have been a hero in a Sophocles play. He could have easily broken every offensive record in the book, but a tragic flaw, […]
How Not To Respond To A Subpoena
The following is an article written by Gavin Broady for “Law 360” on February 6, 2015. It is a great article that provides keen insight into how not to respond to a subpoena from those who are most likely to take exception to a show of such defiance: none other than DOJ Chiefs themselves. The advice in this article is invaluable. “Law360, […]
A Message From Uncle Sam to Taxpayers Near and Far: ‘Don’t You Dare Lie To Me!’
Are you looking for a fun way to kill a few minutes when you think the boss isn’t looking, and the company’s firewall restricts access to your favorite website? Google the phrase, “the defendant showed no remorse” and see how many hits you get. I witness this phenomenon firsthand almost every day. When the judge […]
How Do You Know When You’re In Trouble With the Government? When The Name Of Your Trust is “Cappuccino” Spelled Backwards
The U.S. Attorney’s Office for the Southern District of New York issued a press release on January 20, 2015 announcing the guilty plea of a CEO for hiding over $ 8.4 million in offshore Swiss bank accounts. George Landegger, the Chairman and CEO of an international pulp mill company, pled guilty to willfully failing to […]
A Foot Massage More Painful Than Acupuncture
A Lowell chiropractor was recently sentenced in federal court in the District of Massachusetts for bribing an IRS agent. Stephen Jacobs, age 56, was sentenced by U.S. District Court Judge William G. Young to nine months in prison and ordered to pay a fine of $ 10,000. In October 2014, Mr. Jacobs pleaded guilty to […]