tax evasion

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Billionaire Charged in $2B Tax Evasion Case

'We will not hesitate to prosecute the smartest guys in the room'

(Newser) - Federal prosecutors charged Texas billionaire Robert Brockman on Thursday with a $2 billion tax fraud scheme in what they say is the largest such case against an American. Department of Justice officials said at a news conference that Brockman, 79, hid capital gains income over 20 years through a web... More »

Iconic Model and Her Mother Sentenced for Tax Evasion

Israeli prosecutors rejected Bar Refaeli's residency arguments

(Newser) - An Israeli court sentenced top model Bar Refaeli on Sunday to nine months of community service and sentenced her mother to 16 months in prison, ending a prolonged tax evasion case that had sullied the image of a once-beloved national icon. Refaeli entered the Tel Aviv courthouse accompanied by her... More »

Chauvin, Wife Hit With Charges Unrelated to George Floyd

The former Minneapolis officer is accused of not paying his taxes

(Newser) - The former cop charged with killing George Floyd is facing a new accusation: not paying his taxes. Derek Chauvin and his wife were charged Wednesday with felony tax crimes over his alleged failure to claim more than $460,000 in income dating back to 2014—some $96,000 of which... More »

Ex-Baltimore Mayor Charged Over Sales of Her Kids' Books

Catherine Pugh faces decades in prison if convicted

(Newser) - The disgraced former mayor of Baltimore was charged Wednesday with fraud and tax evasion involving sales of her self-published children's books to non-profits and foundations that did business with the government. An 11-count federal indictment accuses Catherine Pugh of arranging fraudulent sales of her “Healthy Holly” books to... More »

He 'Bundled' for Obama, Hillary. Then He Gave $900K to Trump

Prolific political fundraiser Imaad Zuberi to plead guilty to tax evasion, hiding work as foreign agent

(Newser) - A prolific political fundraiser who raised millions of dollars for Democrats before donating large sums to President Trump's inaugural committee has agreed to plead guilty to multiple federal charges, including tax evasion and concealing his work as a foreign agent as he lobbied high-level US government officials, the Justice... More »

'The Situation' Leaves Prison

Mike Sorrentino of 'Jersey Shore' is once again a free man

(Newser) - Mike "The Situation" Sorrentino is out of prison after serving eight months for tax evasion. The Jersey Shore star, 37, was released from New York's Otisville Federal Correctional Institution Thursday morning, People and TMZ report. "We are elated to finally close this chapter of our life. Thank... More »

Chrisley Knows Best Stars Charged With Tax Evasion

Reality television couple accused of hiding income from the IRS

(Newser) - A federal grand jury in Atlanta on Tuesday indicted reality television stars Todd and Julie Chrisley on charges including tax evasion, alleging among other things that they tried to hide their income from Chrisley Knows Best from the IRS. The 12-count indictment also accuses the pair of conspiracy, bank fraud,... More »

Cohen Changes His Story

Trump's former lawyer chats with actor Tom Arnold

(Newser) - Michael Cohen is changing his tune. Chatting on the phone with actor Tom Arnold—who gave the Wall Street Journal a recording of the call—President Trump's ex-lawyer repudiated two of his guilty pleas, said he's lost "everything," and complained about getting little in return for... More »

'The Situation' Wants Prison Mail, and Your Support

'Free Sitch' T-shirts for sale for $24.99

(Newser) - Prison bars aren't about to keep Mike "The Situation" Sorrentino from a moneymaking opportunity. The 36-year-old star of MTV's Jersey Shore is hawking "Free Sitch" T-shirts featuring his face for $24.99 as he prepares to report to federal prison in Otisville, NY, on Tuesday, reports... More »

Spanish Prosecutors Want $16M From Shakira

They say she lied about living in the Bahamas in tax evasion scheme

(Newser) - Her " Hips Don't Lie ," but her lips might. Spanish prosecutors are charging pop music star Shakira with tax evasion, alleging she failed to pay more than $16.3 million in tax on her worldwide income between 2012 and 2014, reports the AP . The charges published Friday allege... More »

Trump Could Face 'Staggering' Tax Penalty

NY officials 'vigorously pursuing' investigation

(Newser) - Though President Trump insists he did nothing wrong on his taxes , experts say he could be on the hook for tens of millions of dollars in civil fines if state and federal authorities substantiate a New York Times report that found he and his family cheated the IRS for decades.... More »

Report: Cohen Subpoenaed in Trump Foundation Case

He's also suspected of violating NY tax law

(Newser) - New York's attorney general is looking to open a criminal investigation into whether Michael Cohen violated state tax law, a person familiar with the matter tells the AP . Attorney General Barbara Underwood has requested a criminal referral from the state tax department to investigate and potentially file charges against... More »

Spanish Princess's Husband Ordered to Head to Prison

Supreme Court upheld Inaki Urdangarin's conviction on Tuesday

(Newser) - Judicial authorities on Wednesday told the brother-in-law of Spain's King Felipe VI that he must report to a prison within five days to serve five years and 10 months for fraud and tax evasion, among other crimes. Inaki Urdangarin, a former Olympic handball medal winner who has been married... More »

Australia Outlaws Cash for Purchases Over $7.5K

It's the government's attempt to keep money laundering and tax evasion at bay

(Newser) - Hoping to cripple organized crime and tamp down on tax evasion and money laundering, Australia has announced its latest tactic: not allowing cash purchases over $7,500 for goods and services. The West Australian reports the new rule—which will require consumers to use a check or electronic service such... More »

Cops Bust 'Psycho Sect' That Pushed Strict Macrobiotic Diet

Italian police say one follower of Mario Pianesi dropped to just 77 pounds

(Newser) - He called doctors "assassins" and convinced sick followers to adhere to a strict macrobiotic diet, police in Italy say. But in reality, police say those who followed the teachings of 73-year-old Mario Pianesi and his 51-year-old wife were fleeced for money, manipulated into working for next to nothing for... More »

DMX Faces 40 Years for Alleged Tax Evasion

He hid millions from 2010 to 2015, say prosecutors

(Newser) - Legal trouble is nothing new for DMX —but paying taxes allegedly is, which is why he's back in police custody. The rapper surrendered to law enforcement in Manhattan on Thursday to face allegations that he owes $1.7 million to the IRS after "engaging in a multi-year... More »

India's Shocking Move to Catch Tax Evaders

It's pulling its two largest bank notes from circulation

(Newser) - A surprise announcement out of India Tuesday night is being called by local media a "surgical strike" against currency corruption that's infiltrated the nation, the BBC reports. Per CNNMoney , India Prime Minister Narendra Modi announced that the country's two largest current bank notes—the 500-rupee note and... More »

Seeking Good PR, IRS Busted With Wrong Capone Gun

After input from readers, the IRS has gotten its story straight

(Newser) - It was a story the Internal Revenue Service needed to get right, a we-done-good look back at the 1931 conviction of legendary gangster Al Capone for tax evasion—a feat they pulled off when no one else could get him on any other charges. Hoping for some good press, the... More »

Some of the Panama Papers Won't Be Released

Leaker had 'very strong moral impulse'

(Newser) - The newspaper that first received the Panama Papers says it isn't going to release all 11.5 million files it received from a whistleblower to the public or to law enforcement—because it "isn't the extended arm of prosecutors or the tax investigators." Sueddeutsche Zeitung has... More »

Winner of Panama Papers Scandal: Bernie Sanders?

He spoke out about offshore tax havens 5 years ago

(Newser) - "Panama is the world leader when it comes to allowing wealthy Americans and large corporations to evade US taxes by stashing their cash in offshore tax havens." It's a quote as timely today as it was in 2011 when Bernie Sanders spoke about the Panama Free Trade... More »

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