28th Annual National Institute on Criminal Tax Fraud

We will be attending the 28th Annual National Institute on Criminal Tax Fraud and the First National Institute on Tax Controversy conference on December 1-2, 2011 in Las Vegas. The conference brings together members of the criminal tax defense bar, Department of Justice and IRS representatives, judges, and corporate counsel.  Discussion topics range from hot areas of criminal tax enforcement from the Department of Justice to international tax enforcement actions, including voluntary disclosur...
More

U.S. Authorities Continue To Target Bankers Who Promoted Offshore Tax Evasion

Renzo Gadola, a former senior banker at UBS AG, was recently sentenced to five years probation for his role in advising U.S. citizens on how to conceal funds in offshore accounts. Gadola was arrested in November 2010 in Miami after he was caught on tape advising a client not to disclose a previously undeclared Swiss bank account.  Gadola pled guilty in December 2010 to conspiring to impede and impair the IRS and became a key cooperator in the U.S. government’s widening investigation of Americ...
More

Credit Suisse Discloses Account Records of 130 US Citizens to IRS

For the second time in the past two years, a Swiss bank has handed over client records to the IRS.  Rupert Neate reports in the Guardian that Credit Suisse, the second largest bank in Switzerland, has produced details on 130 Americans suspected of evading billions of dollars in taxes. This latest crack down on unreported offshore accounts comes less than three months after the 2011 Offshore Voluntary Disclosure Initiative (“OVDI”) deadline of August 31, 2011. Criminal investigations are also ...
More