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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
glogg
  • Scandinavian punch made of claret and aquavit with spices and raisins and orange peel and sugar.
This word comes from the Swedish 'glogg,' which is an alteration of 'glodgat,' mulled (wine).
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