Posts tagged as:

tax evasion

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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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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IRS Gives UBS A Pass

27 August 2010

So maybe it is a kindler, gentler IRS after all… The IRS has announced that it will drop its civil suit against the Swiss-based UBS, despite the fact that the bank is not technically in compliance with an existing agreement. In a show of not-so-totally surprising deference to the Swiss government, the IRS indicated that [...]

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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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Method Man Pleads Guilty To Tax Evasion

29 June 2010

Rapper Method Man of the Wu-Tang Clan has pleaded guilty to tax evasion charges. The plea follows Method Man’s October arrest on felony charges of evading New York personal income tax. Method Man, whose real name is Clifford Smith, was accused of failing to pay income and personal taxes to the state of New York [...]

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