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Latest Tax avoidance and tax evasion Stories

2005-11-28 14:15:49

LOS ANGELES (Reuters) - U.S. Rep. Randy "Duke" Cunningham, a California Republican, pleaded guilty on Monday to felony conspiracy and tax evasion for taking money from a defense contractor in exchange for help in securing Defense Department contracts. Cunningham, 63, an eight-term Congressman and decorated Vietnam War veteran, had been under federal investigation for his ties to Washington-based defense contractor MZM Inc. since the summer. In July he denied any wrongdoing but said...

2005-11-07 14:58:48

By Christine Kearney NEW YORK (Reuters) - A Los Angeles-based former KPMG LLP partner pleaded not guilty on Monday to participating in a scheme to sell questionable tax shelters and was ordered to stay in prison while a judge considers his bail application. David Greenberg, 46, was one of ten additional defendants named in a new indictment unsealed last month stemming from a government probe into the shelters. Prosecutors contend that Greenberg, who is accused of conspiracy and tax...

2005-11-07 14:52:57

By Christine Kearney NEW YORK (Reuters) - A Los Angeles-based former KPMG LLP partner pleaded not guilty on Monday to participating in a scheme to sell questionable tax shelters and was ordered to stay in prison while a judge considers his bail application. David Greenberg, 46, was one of ten additional defendants named in a new indictment unsealed last month stemming from a government probe into the shelters. Prosecutors contend that Greenberg, who is accused of conspiracy and tax...

2005-10-07 11:15:25

NEW YORK (Reuters) - John Rigas, the founder of cable operator Adelphia Communications Corp who was convicted of bank and securities fraud, was indicted on new charges of participating in a $300 million tax evasion scheme, U.S. prosecutors said on Friday. Rigas and his son, Timothy Rigas, were indicted by a federal grand jury in Williamsport, Pennsylvania, for what would be one of the largest personal income tax evasion cases in the United States, the prosecutors said. Rigas was...

2005-10-07 11:23:55

NEW YORK (Reuters) - John Rigas, the founder of cable operator Adelphia Communications Corp who was convicted of bank and securities fraud, was indicted on new charges of participating in a $300 million tax evasion scheme, U.S. prosecutors said on Friday. Rigas and his son, Timothy Rigas, were indicted by a federal grand jury in Williamsport, Pennsylvania, for what would be one of the largest personal income tax evasion cases in the United States, the prosecutors said. Rigas was...

2005-10-07 11:11:28

NEW YORK (Reuters) - John Rigas, the founder of cable operator Adelphia Communications Corp who was convicted of bank and securities fraud, was indicted on new charges of participating in a $300 million tax evasion scheme, U.S. prosecutors said on Friday. Rigas and his son, Timothy Rigas, were indicted by a federal grand jury in Williamsport, Pennsylvania, for what would be one of the largest personal income tax evasion cases in the United States, the prosecutors said. Rigas was...

2005-09-19 17:46:29

PROVIDENCE, Rhode Island (Reuters) - Richard Hatch, who won $1 million on the CBS hit reality show "Survivor," pleaded not guilty on Monday to tax evasion, bank fraud and other charges, a federal prosecutor said. Tom Connell, a spokesman for the U.S. attorney in Rhode Island, said Hatch, 44, pleaded not guilty to failing to pay taxes on his winnings in 2000, when "Survivor" became a ratings sensation. The 10-count indictment says Hatch prepared but failed to file tax returns for...

2005-09-09 19:12:24

By Jason Szep BOSTON (Reuters) - He was the first "Survivor" -- the much-vilified, nude-fishing champion of the first series in the hit reality-television show. Now, Richard Hatch faces the challenge of a lifetime to avoid federal prison. Hatch, who claimed the $1 million jackpot on "Survivor" on a South Pacific island in 2000, plans to plead innocent to charges of tax evasion and bank fraud announced against him this week, his lawyer said on Friday. "This is a publicity scheme and...

2005-09-08 17:44:43

BOSTON (Reuters) - A federal grand jury on Thursday indicted Richard Hatch, who took home $1 million as the first winner of the CBS hit reality show "Survivor," for tax evasion, bank fraud and other charges. The U.S. Attorney's office in Providence, Rhode Island, accused Hatch, a motivational speaker, of failing to report the $1 million winnings in 2000 and about $391,000 he earned from half a dozen other sources. The 10-count indictment follows a grand jury investigation that began...

2005-08-30 12:37:24

By Kevin Drawbaugh WASHINGTON (Reuters) - The tax shelter business -- a shadowy field where accountants, lawyers and bankers help rich clients dodge taxes -- is retreating in the face of a U.S. government crackdown, but experts say it is only temporary. Tax shelter promoters are certain to find new loopholes -- possibly in the areas of foreign tax credits or financial derivatives -- to replace the phony-tax-loss types of shelters now being rooted out by authorities, they say. "If...


Word of the Day
bodacious
  • Remarkable; prodigious.
  • Audacious; gutsy.
  • Completely; extremely.
  • Audaciously; boldly.
  • Impressively great in size; enormous; extraordinary.
This word is probably from the dialectal 'boldacious,' a blend of 'bold' and 'audacious.'
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