From the category archives:

prosecutions, felonies and misdemeanors

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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Students “Sentenced” to Speeches by Wilk and Greenstein

11 September 2010

A sensational tax shelter case has wrapped up in the Seattle area with the two defendants pleading guilty. The men, Jeffrey Greenstein, and Charles Wilk, were indicted last year. At that time, Greenstein’s attorney said his client “adamantly denies the allegations in the indictment and looks forward to clearing his name at trial.” Trial had [...]

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Friehling Loses CPA License, Still Awaits Sentencing

4 August 2010

A little over a year ago, Bernie Madoff received a 150 year sentence (that’s more than most serial murderers get, folks) for his “extraordinarily evil” fraud. Nearly six months later, David Friehling, Madoff’s longtime accountant pleaded guilty to assisting Madoff with the fraud. Friehling, who is expected to receive over 100 years in prison for [...]

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Snipes Loses Appeal

17 July 2010

Shortly after his conviction on tax evasion charges, Wesley Snipes declared that he would appeal on the grounds that the sentence was unreasonable. Snipes got his answer today. A federal court disagreed with his assessment, virtually guaranteeing that the actor will do time. Two years ago, Snipes was found guilty of failing to file tax [...]

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I Told You So.

7 July 2010

So, I don’t say that on the blog very often (though my brothers would likely tell a different story from our years at home). But I’m sooo saying it now. When the IRS won its prominent battle with UBS, I said (as did many tax and finance bloggers) that a win would only lead to [...]

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