tax evasion

Two More Arrested in Madoff Ponzi Scheme

Annette Bongiorno and Joann "Jodi" Crupi, both long-term employees at Bernard L. Madoff Investment Securities, were arrested Thursday and charged with multiple counts of conspiracy, securities fraud, falsifying documents and tax evasion.

Germans Raid Credit Suisse in Tax Evasion Probe

German prosecutors raided all 13 Credit Suisse branches in the country on Wednesday as part of a probe into tax fraud. Earlier this year, German authorities acquired information on some 1,500 Credit Suisse customers who may have been using the Swiss accounts to avoid paying taxes.

Government Investigating HSBC Clients for Tax Evasion

At least one client received a letter from the Justice Department saying the department had reason to believe the person held accounts overseas without reporting them to the IRS. The letter did not mention HSBC.

Casino Jack Abramoff Pitching Pizza in Baltimore

Freshly sprung from a minimum-security prison after completing most of a four-year sentence for fraud, tax evasion, and bribing public officials, former lobbyist Jack Abramoff now lives in a halfway house and toils in the back office at Tov Pizza, a kosher pizzeria in Baltimore.

Five UBS Clients Indicted for Tax Evasion

Five clients of Swiss bank UBS received criminal indictments for tax evasion Thursday in what may ultimately become a dragnet of sorts for those caught up in the overseas asset concealing scandal, according to a report in The Wall Street Journal. Two others are expected to plead guilty.

UBS Deal in Doubt, But IRS Already Has What It Needs

Swiss bank UBS may not have to turn over the names of 4,450 clients to the IRS after a Swiss court ruled that failing to file an U.S. W-9 isn't tax fraud. But the threat alone may have gotten the IRS a bigger prize: Data from the thousands of delinquent taxpayers who came forward during the recent tax amnesty.