Financial Fraud Law

Recent Posts

China’s Top Leaders Have Secret Offshore Accounts, ICIJ Reports
Posted on 23 Jan 2014 by Steven A. Meyerowitz

Close relatives of China’s top leaders have secret offshore companies in tax havens that help shroud the Communist elite’s wealth, according to the International Consortium of Investigative Journalists. The group said it based its findings... Read More

How Many Swiss Banks Will Meet Upcoming Deadline to Participate in Justice Department’s Tax Amnesty Program?
Posted on 13 Dec 2013 by Steven A. Meyerowitz

New Year’s Eve Day is the deadline for Swiss Banks to notify the U.S. Justice Department that they are seeking non-prosecution agreements to resolve past cross-border criminal tax under the Program for Non-Prosecution Agreements or Non-Target Letters... Read More

Pearson Charitable Foundation Settles Charges of Misusing Assets to Benefit Its For-Profit Affiliate
Posted on 13 Dec 2013 by Steven A. Meyerowitz

The Pearson Charitable Foundation, a not-for-profit organization that is affiliated with the for-profit education company Pearson, Inc., will pay $7.7 million to settle charges by New York Attorney General Eric Schneiderman that it misused charitable... Read More

Mizrahi Bank Client Pleads Guilty to Filing False Tax Return
Posted on 18 Feb 2014 by Steven A. Meyerowitz

The latest in the series of defendants charged with concealing accounts at Israeli banks is Monajem Hakimijoo, also known as Manny Hakimi, of Beverly Hills, California. In fact, he now has pleaded guilty in the U.S. District Court for the Central District... Read More

Former Social Security Administrator Sentenced to Federal Prison for Aggravated Identity Theft, Unauthorized Sale of Stock Certificates, and Tax Evasion
Posted on 15 Jan 2014 by Steven A. Meyerowitz

Randolph Hurst, a former assistant district manager for the Social Security Administration in Rhode Island, has been sentenced to 39 months in federal prison for stealing the identity of a Coventry, Rhode Island, man and using his identity to fraudulently... Read More

Swiss Asset Manager Charged with Conspiring To Hide Millions of Dollars in Swiss Bank Accounts
Posted on 7 Feb 2014 by Steven A. Meyerowitz

Peter Amrein, an asset manager at a Swiss asset management firm, has been indicted in New York on charges that he assisted U.S. taxpayer-clients and others in hiding millions of dollars in offshore accounts from the IRS and evading U.S. taxes on the income... Read More

‘Free Money’ Among This Year’s ‘Dirty Dozen’ Top Tax Scams
Posted on 20 Feb 2014 by Steven A. Meyerowitz

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... Read More

Whistleblower Nets $1.1 Million in False Claims Act Case against Bristol-Myers Squibb
Posted on 18 Mar 2014 by Steven A. Meyerowitz

New York has reached a $6.2 million settlement of a whistleblower case alleging that a medical imaging company that made millions of dollars’ worth of sales in New York knowingly evaded New York State and New York City taxes. The whistleblower... Read More

Madoff Brother, Convicted and Jailed, Now is Disbarred
Posted on 19 Dec 2013 by Steven A. Meyerowitz

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... Read More

“Skid Row” Health Care Fraud: Doctor Guilty for Recruiting Homeless to Defraud Medicare and Medi-Cal
Posted on 16 Dec 2013 by Steven A. Meyerowitz

In the first case filed in relation to the second major investigation into the illegal recruitment of “Skid Row” homeless people in Los Angeles for unnecessary medical procedures, a La Mirada, California, doctor has pleaded guilty to federal... Read More

Corruption, Crime, and Tax Evasion Drained US$946.7 Billion from Developing Countries, Study Finds
Posted on 12 Dec 2013 by Steven A. Meyerowitz

Corruption, crime, and tax evasion drained US$946.7 billion from the developing world in 2011, up more than 13.7 percent from 2010—when illicit financial outflows totaled US$832.4 billion – a new study has found. The findings—which... Read More

Bennington School’s Former President Sentenced to 18 Months in Federal Prison for Tax and Health Care Fraud
Posted on 11 Feb 2014 by Steven A. Meyerowitz

Matthew Merritt Jr., 82, of West Stockbridge, Massachusetts, has been sentenced to 18 months in federal prison after his guilty plea to charges that he engaged in a scheme to defraud a health care program and commit tax fraud. U.S. District Judge William... Read More