New York Attorney General Eric Schneiderman

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Probe Targets Finance Firms Over 'Sneaky' Strategy

Bain Capital gets a subpoena

(Newser) - Do private equity firms like Bain Capital use a sly strategy to avoid paying hundreds of millions in taxes? That's what New York Attorney General Eric Schneiderman aims to find out. In recent weeks he issued subpoenas to more than a dozen companies, including Bain, TPG Capital, and Sun...

Energy Drinks Face Scrutiny in New York

Three producers get subpoenas over marketing claims

(Newser) - New York state's attorney general apparently is a little skeptical about the wonder claims of three popular energy drinks. Eric Schneiderman issued subpoenas to three big players—Monster Beverage; PepsiCo, maker of AMP; and Living Essentials, maker of 5-Hour Energy drink, report the Wall Street Journal and Reuters . The...

IRS Probing Rove's Crossroads GPS

Tax-exempt groups are supposed to benefit community

(Newser) - The IRS has launched an investigation to determine if Karl Rove's GOP-boosting Crossroads GPS and similar organizations are violating their tax-exempt status by spending too much money promoting a party agenda and candidates. Organizations are granted tax-exempt status only if they promote a benefit to the community. The IRS...

NY Probes Chamber of Commerce Political Funding

Did 'charity' funnel bucks to organization for anti-Democrat issue ads?

(Newser) - The New York Attorney General has launched an investigation to determine if organizations are secretly channeling money to the US Chamber of Commerce to be used to impact political campaigns. The tax-exempt chamber is a major player in US politics, but not required to disclose the identities of its donors....

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