From the category archives:

prosecutions, felonies and misdemeanors

First UBS, Now HSBC?

27 January 2011

You knew that it would be just a matter of time before the IRS set its sights on a new bank. Fresh off of victories involving UBS and Deutsche Bank related to tax fraud/tax evasion, the IRS has now targeted an “unknown British bank” for its role in a tax evasion scheme. As before, the [...]

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“Big Brother” Watches “Big Brother” (Psst, One of those is IRS)

22 January 2011

I have to wonder what those casting folks at CBS’ reality shows are looking for… A basic knowledge of tax laws clearly isn’t one of the criteria. Now that Richard Hatch is out of jail for tax evasion, the “former winning cast member of a CBS show now in jail for tax evasion” role goes [...]

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Who Should the Rich Fear More Than IRS? WikiLeaks.

19 January 2011

Many wealthy taxpayers might have dodged a bullet following the IRS settlement agreements with UBS and Deutsche Bank… but they might be getting their day in the press after all courtesy of WikiLeaks. Rudolf Elmer, a whistleblower, has reportedly turned over the banking details of about 2,000 “high net worth individuals” and corporations to Julian [...]

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Tax Trivia: Dr. Martin Luther King Jr.

17 January 2011

We have a winner! See the correct answer in the comments. Our next tax trivia question for the giveaway is: On February 17, 1960, a warrant was issued for the arrest of civil rights leader Dr. Martin Luther King Jr. on charges of tax evasion for allegedly falsifying his income tax returns in which state? [...]

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Deutsche Bank Settles Tax Shelter Case

22 December 2010

The IRS is on a tear with the big banks. First UBS, now Deutsche Bank (DB). The eight year investigation into UBS’ role in assisting US taxpayers commit tax fraud has been resolved and the tab isn’t as bad as originally feared. DB agreed to pay $553 million in fees and penalties; that amount represents [...]

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Another Hatch Trick?

16 December 2010

So when I heard that Richard Hatch allegedly violated the terms of his probation (insert eye roll here), I assumed it was something silly like not checking in with his probation officer or not getting permission to do an interview or something (as he is wont to do). But no. It appears he just likes [...]

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Snipes Heads to Prison

2 December 2010

Actor Wesley Snipes will be spending the holidays in bucolic Pennsylvania. He just won’t be enjoying his surroundings. Snipes was ordered to report to the Federal Correctional Institution McKean in Lewis Run, Pennsylvania, by noon on December 9. The orders follow Snipes’ unsuccessful appeal (well, appeals) of his sentence for tax evasion. McKean is a [...]

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Snipes Saga Finally Over?

19 November 2010

ABC News is reporting that Wesley Snipes must now report to jail after his request for a new trial was denied by a federal judge. U.S. District Court Judge William Terrell Hodges wrote about the denial: The Defendant Snipes had a fair trial; he has had a full, fair, and thorough review of his conviction [...]

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Update on Stephen Yagman Tax Mess

19 October 2010

A few years ago, high profile attorney civil rights attorney Stephen Yagman was convicted of convicted of federal tax evasion, money laundering and bankruptcy fraud charges. He was sentenced to three years in prison on the charges and is slated for release in December of this year. So the story ends there, right? Not exactly. [...]

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Note to Game Show Contestants: Big Brother Really *Is* Watching

4 October 2010

Remember how “Survivor” winner Richard Hatch failed to report his game show winnings on his tax return and went to jail? Well apparently Adam Jasinski didn’t watch “Survivor”… Jasinksi, the winner of CBS’ “Big Brother 9″ pleaded guilty today failing to file a tax return for 2008, the year that he won the $500,000 grand [...]

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