MINNEAPOLIS (WCCO) — A 43-year-old Vadnais Heights investment advisor pleaded guilty to accusations that he spent clients’ money on personal items instead of investing their funds, the United States Attorney’s Office announced Wednesday. Joel William Carlson, who was charged on Aug. 4, pleaded guilty Wednesday to two counts of tax evasion… – Continue reading
LITTLE ROCK, AR –Former Little Rock attorney David Patrick Henry, Sr., 71, has been sentenced to five years in prison followed by two years of supervised released, according U.S. Attorney Christopher Thyer. Henry, Sr. is also ordered to pay over a million dollars. On March 21, a federal jury found… – Continue reading
TAX avoidance is always a hot topic, never more so than with the recent stream of famous individuals involved in the Liberty scheme. The fact that some of these 1,600 stars risk bankruptcy highlights just how serious these cases can be, and the financial and reputational value at stake. The media… – Continue reading
NEW YORK (Reuters) – A former partner at defunct law firm Jenkens & Gilchrist, whom prosecutors have called the most important cooperating witness in the largest criminal tax fraud case in U.S. history, was sentenced on Wednesday to six months in prison. At a court hearing in New York, U.S…. – Continue reading
Houston: Preparer Diane Caldwell Larry has pleaded guilty to falsifying client returns. During her plea hearing, she admitted that while operating Paradise South Tax Services she prepared 33 materially false client returns for tax years 2007 through 2010. Those returns generated excessive refunds and cost the IRS some $168,792. Larry… – Continue reading
RAIPUR: Chhattisgarh commercial tax department, which recently unearthed the multi-crore rupee bogus billing scam, is all set to investigate the role of lawyers, who were responsible for registration of taxpayer identification number (TIN) of the phony companies involved in the racket. The department has also decided to impose heavy penalties,… – Continue reading
Former attorney and CPA Paul M. Daugerdas, 63, has been sentenced to 15 years in prison for orchestrating a massive scheme in which he and co-conspirators hawked fake tax shelters for wealthy individuals to evade more than $1.6 billion in federal taxes. Last October, he was convicted following a seven-week… – Continue reading
Harben Barker is breathing a huge sigh of relief – along with the accountancy profession in general – after the Court of Appeal threw out a High Court finding that the firm had a duty to advise wealthy clients to avoid tax The five-director firm based in the West Midlands… – Continue reading
