Skip to: Content
Skip to: Site Navigation
Skip to: Search

July 25, 2008 5:55:05 PM CDT

Learn about Newser Points »

Stories related to: tax fraud

Stories

11 Stories

  • July 2008

    • Feds Battle UBS to Give Up Tax Dodgers

      newser  |  New York Times  |  Jul 1, 08 2:43 AM CDT

      Feds Battle UBS to Give Up Tax Dodgers

      The Justice Department is pressing UBS for the names of suspected tax dodgers with secret bank accounts in Switzerland, the New York Times reports. Federal authorities believe the Swiss bank may have helped up to 20,000 Americans stash $20 billion in offshore accounts, evading hundreds of millions in taxes. The investigation threatens to rock the Swiss banking system, which has tightly guarded its secrets since the Middle Ages. More »

      Tags

      banking  • UBS  • tax evasion  • tax fraud  • Internal Revenue Service  • Swiss bank

  • May 2008

    • Feds Detain Top UBS Banker in Tax-Fraud Probe

      newser  |  Financial Times (UK)  |  May 7, 08 6:25 AM CDT

      Feds Detain Top UBS Banker in Tax-Fraud Probe

      Already reeling from record losses and preparing to cut 5,500 jobs, UBS has acknowledged the Department of Justice is investigating the mega-bank for helping its wealthiest clients evade taxes. The feds "briefly detained" one of the Swiss firm's most senior private bankers as a "material witness," UBS said. Insiders told the Financial Times that the DoJ held the employee to encourage the bank to come clean. More »

      Tags

      Department of Justice  • SEC  • UBS  • tax evasion  • tax fraud

  • April 2008

    • Snipes Gets 3 Years in Prison

      newser  |  WESH 2  |  Apr 24, 08 5:21 PM CDT

      Snipes Gets 3 Years in Prison

      A Florida judge today sentenced Wesley Snipes to the maximum 3 years in federal prison for failing to file his taxes, WESH-TV of Orlando reports. Snipes received no fine, though he could have been hit for $5 million. During sentencing, the judge noted the actor's long history of ignoring tax laws. He said that Snipes will be notified when to report to prison and that he would try to place him in one near his New Jersey home. More »

      Tags

      income tax  • tax fraud  • Internal Revenue Service  • Wesley Snipes

    • Samsung Chairman Resigns

      newser  |  Wall Street Journal  |  Apr 22, 08 7:00 AM CDT

      Samsung Chairman Resigns

      The chairman of Samsung, Korea's leading exporter, has resigned after being indicted on multiple counts of tax fraud and breach of duty. Lee Kun-hee, whose resignation speech was carried live on all of South Korea's TV networks, has controlled the Samsung consortium since 1987. Lee, his wife, his son, and nearly a dozen other execs have been implicated in the scandal. More »

      Tags

      South Korea  • corruption  • Samsung  • tax fraud  • Lee Kun-hee

    • Samsung Head Indicted for Tax Fraud

      newser  |  Bloomberg  |  Apr 17, 08 6:43 AM CDT

      Samsung Head Indicted for Tax Fraud

      The chairman of electronic giant Samsung will stand trial for tax evasion and breach of duty after special prosecutors alleged corruption in South Korea's largest industrial corporation. Lee Kun-hee was indicted in Seoul today for evading $114 million in taxes and for incurring losses at Samsung while installing his son in leadership positions, Bloomberg reports. Nine other execs at Samsung were also charged with crimes. More »

      Tags

      South Korea  • corruption  • consumer electronics  • Samsung  • tax fraud  • Lee Kun-hee

  • March 2008

    • Strike Cripples German Airports

      newser  |  Associated Press  |  Mar 5, 08 7:23 AM CST

      Strike Cripples German Airports

      Thousands of German airport workers have walked off the job on the first day of a strike, leading to hundreds of flight cancellations across Europe's largest country. Frankfurt International Airport, a key European hub, was picketed by more than 2,000 employees from baggage handlers to check-in counter workers and even firefighters, reports AP. In a coordinated action, Berlin's subway, tram, and bus workers began their own 10-day strike. More »

      Tags

      Germany  • airport  • strike  • Berlin  • labor unions  • flight cancellation  • transit strike  • tax fraud  • BMW  • boom economy

  • February 2008

    • German Tax Case Reads Like Spy Thriller

      newser  |  Der Spiegel  |  Feb 26, 08 5:34 PM CST

      German Tax Case Reads Like Spy Thriller

      Code names, kidnappings, secrets sold to international intelligence agencies: these staples of a thriller movie come from the real life of Heinrich Kieber, the whistleblower who for $7.4 million sold German authorities the information that exposed a huge tax-evasion ring. Kieber has been given a new identity and is living in hiding, but an exposé by Der Spiegel has uncovered past convictions, international adventures, and one very worried mother. More »

      Tags

      Germany  • corruption  • tax fraud  • whistleblowers  • Liechtenstein

    • Homes Raided Nationwide in German Tax Fraud Probe

      newser  |  Times (UK)  |  Feb 19, 08 8:23 AM CST

      Homes Raided Nationwide in German Tax Fraud Probe

      The fallout from Germany's enormous tax evasion scandal continued yesterday as police began a nationwide raid of the homes and offices of over a hundred people. More than 1,000 rich Germans are suspected of cheating the German treasury out of $5 billion by transferring huge sums to banks and dummy foundations in the tax haven of Liechtenstein. So far the biggest casualty of the affair has been the CEO of Deutsche Post, Europe's largest mail service and the owner of shipping company DHL. More »

      Tags

      Germany  • tax evasion  • tax fraud  • tax  • police raids  • tax dodge  • Liechtenstein  • Deutsche Post

    • Wesley Snipes Escapes Fraud Charges, But...

      newser  |  Los Angeles Times  |  Feb 1, 08 8:05 PM CST

      Wesley Snipes Escapes Fraud Charges, But...

      Wesley Snipes is off the hook for tax fraud—but a federal jury in Florida today convicted him on 3 counts of failing to file returns, the Los Angeles Times reports. For the misdemeanors, the actor faces up to 3 years in prison, but he escaped a possible 13 more. The "Blade" star’s two co-defendants were found guilty of tax fraud and conspiracy. More »

      Tags

      celebrity  • Hollywood  • tax fraud  • tax returns  • Wesley Snipes

  • January 2008

    • IRS May Block Popular Instant Refunds

      newser  |  Bloomberg  |  Jan 4, 08 10:57 AM CST

      IRS May Block Popular Instant Refunds

      The IRS may stop big tax-preparation firms from offering instant refund loans to curb potential fraud, Bloomberg reports. Such loans are popular with taxpayers who don't want to wait weeks for a check, but interest is often steep and consumer groups have been pushing for a crackdown. The proposed change would not affect this year's taxes. More »

      Tags

      IRS  • income tax  • tax fraud  • Internal Revenue Service

  • November 2007

    • Rudy's Top Cop to Be Indicted

      newser  |  Washington Post  |  Nov 8, 07 6:57 AM CST

      Rudy's Top Cop to Be Indicted

      Federal prosecutors expect to have an indictment by the end of the week against  Giuliani pal Bernard Kerik for accepting illegal gifts when he was New York City corrections chief and police commissioner. The charges include tax evasion, tax fraud and public corruption, the Washington Post reports. The charges are said to be going to a grand jury today, and an indictment could be handed down as early as tomorrow. More »

      Tags

      Rudy Giuliani  • tax evasion  • tax fraud  • federal indictment  • Bernard Kerik  • public corruption

11 Stories

Today's Most Popular

Loading...

What is Newser?

2008 Codie Finalist

Newser gives you more news in less time. We search for the best and most important stories all over the web, read them for you, and deliver concise and sharp summaries—along with links to the full text. Newser provides a way to stay on top of an ever-expanding horizon of news and opinion—politics, sports, business, trends, technology, personalities, crimes, and controversies. Newser keeps you not just better informed, but, with our signature graphic interface and smart condensed format, more enjoyably informed.

Learn more »