Ninth Circuit Invalidates “Midco” Tax Shelter
The Court of Appeals for the Ninth Circuit upheld the IRS’s assertion of transferee liability against the former shareholders of a closely held corporation who participated in a so-called “Midco” transaction, announced Principal Deputy Assistant...
Virginia Man Sentenced To Prison For Tax Fraud And Structuring More Than $475,000
A Concord, Virginia man was sentenced to prison for tax and currency structuring charges, on Julyl 24, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department’s Tax Division and U.S. Attorney Thomas T....
Former Executive Director of Non-Profit Pleads Guilty to Conspiracy with Unnamed State Senator and Convicted Lobbyist
A Former Executive Director of a non-profit pleaded on July 19, guilty to conspiring to unlawfully divert over $380,000 from South Arkansas Youth Services (SAYS), without the authority of the non-profit’s Board of Directors. According to plea...
While a new recommitment to cease fire that came into effect on 1 July has brought an immediate decrease in violence, a comprehensive ceasefire is yet to be reached, the Chief Monitor of the OSCE Special Monitoring Mission to Ukraine (SMM), Ertugrul Apaka
A jury in the Northern District of California convicted a San Francisco area Certified Public Accountant late of three counts of aiding and abetting the filing of a false tax return, on July 18, announced Principal Deputy Assistant Attorney General...
Mississippi Certified Public Accountant Indicted For Tax Fraud
A federal grand jury returned an indictment on June 27, which was unsealed on July 19, charging Hattiesburg, Mississippi certified public accountant Carl Nicholson with one count of conspiring to defraud the United States, four counts of filing false...
Medical Device Maker AngioDynamics Agrees to Pay $12.5 Million to Resolve False Claims Act Allegations
Latham, New York-based medical device manufacturer AngioDynamics, Inc. has agreed to pay the United States a total of $12.5 million to resolve allegations that the company caused healthcare providers to submit false claims to Medicare, Medicaid, and...
Government Contractor Found Guilty of Theft of Government Property
A former government contractor was found guilty for his role in a scheme to unlawfully convert U.S. government property from the U.S military base at Kandahar Airfield, Afghanistan, shipping items to his home in Arizona for resale, on July 18 .
Former Business Partner of U.S. Military Contractor Pleads Guilty to Bribery Scheme Related to Contracts in Support of Iraq War
A former business partner of a U.S. military contractor pleaded guilty to one count of bribery for his role in a years-long scheme to bribe U.S. Army contracting officials stationed at a U.S. military base in Kuwait, on July 16, announced Assistant...
