For Whom the Bell Tolls: City’s Former Chief Administrative Officer to Plead Guilty to Conspiracy and Tax Charges

Robert A. Rizzo, who for years was the top administrator in the California city of Bell and who became a symbol of municipal corruption, has agreed to plead guilty to federal charges in a scheme that resulted in hundreds of thousands of dollars in unpaid federal income tax, federal prosecutors said....

Madoff Brother, Convicted and Jailed, Now is Disbarred

Peter Madoff – Bernard Madoff’s brother – has been disbarred. Just about five years to the day after Bernard Madoff’s Ponzi scheme came to light, just about one year to the day after Peter Madoff was sentenced to consecutive five year terms of imprisonment for each of his admitted...

$8 Billion Collected by Justice Department in Civil and Criminal Cases in Fiscal Year 2013

The Justice Department collected a lot of money in civil and criminal cases during the last fiscal year. Attorney General Eric Holder totaled it up, and came to at least $8 billion. “The department’s enforcement actions not only help to ensure justice is served, but also deliver a valuable...

Banks’ Challenge to Interest-Reporting Regulations Targeting Offshore Tax Avoidance is Rejected

The U.S. District Court for the District of Columbia has dismissed a challenge filed by the Florida Bankers Association and the Texas Bankers Association to the 2012 amendments to the Department of the Treasury’s interest-reporting regulations. The regulations require U.S. banks to report to the...

Republican National Committee Urged to Reject ‘Pro-Tax Evasion’ Resolution

Global Financial Integrity (GFI) has urged the Republican National Committee (RNC) to reject a proposed resolution calling for the repeal of the Foreign Account Tax Compliance Act (FATCA), which GFI characterized as “the cornerstone of the U.S. effort to fight offshore tax evasion.” The law...

Tax Season Nears, Tax Scams Abound

With the start of the 2014 tax season approaching on January 31, it is worth keeping in mind that tax-related scams using the IRS name proliferate during this time of year. Tax scams can take many forms, with perpetrators posing as the IRS in everything from e-mail refund schemes to phone impersonators...

‘Free Money’ Among This Year’s ‘Dirty Dozen’ Top Tax Scams

The Internal Revenue Service has issued its annual “Dirty Dozen” list of tax scams, many of which peak during tax filing season as people prepare their tax returns. "Taxpayers should be on the lookout for tax scams using the IRS name,” said IRS Commissioner John Koskinen. “These...

‘Real Housewives of New Jersey’ Stars Plead Guilty to Conspiracy, Bankruptcy Fraud and Tax Crimes

Two of the stars of the Bravo TV show “The Real Housewives of New Jersey” have admitted committing a string of crimes as part of a long-running financial fraud conspiracy. Teresa Giudice, 41, and Giuseppe “Joe” Giudice, 43, both of Towaco, N.J., pleaded guilty before U.S. District...

Consultant Heading to Prison for Failing to Report Foreign Bank Accounts at UBS

Christopher B. Berg of Portola Valley, California, has been sentenced to one year and one day in prison to be followed by three years supervised release after pleading guilty to willfully failing to file the required report of foreign bank account for an account he controlled in 2005 at UBS in Switzerland...

Allegedly Told ‘Don’t Get Caught,’ Swiss Banker Got Caught, and Now He’s Guilty of Conspiring to Defraud the IRS

In what appears to be another significant step toward prosecuting U.S. citizens with unreported overseas bank accounts, and foreign banks – and bankers – that facilitate them, a Swiss banker has pleaded guilty to conspiring to defraud the Internal Revenue Service in connection with his work...

Attorney Heading to Prison for Helping Clients Keep Secret Swiss Bank Accounts

California attorney Christopher M. Rusch has been sentenced to serve 10 months in prison for helping his clients Stephen M. Kerr and Michael Quiel, both businessmen from Phoenix, hide millions of dollars in secret offshore bank accounts at UBS AG and Pictet & Cie in Switzerland. U.S. District...