Archive | August, 2016

Offshore Tax Evasion: Cayman Islands & US Taxpayers

August 29, 2016  |   Posted by :   |   Tax Evasion   |   0 Comments

In March, 2016 the US Dept. of Justice announced guilty pleas for Two Cayman Island Financial Institutions Cayman National Securities, Ltd. (“CNS”) and Cayman National Trust Co., Ltd. (“CNT”). CNS and CNT are affiliates of Cayman National Corp., which provides investment brokerage and trust management services to clients including US Taxpayers. CNS & CNT pleaded […]

Read More »

UPDATE: Panama Papers Reveals US Taxpayers with Offshore Entities

August 25, 2016  |   Posted by :   |   Panama Papers,Tax Evasion   |   0 Comments

CA CEO Magazine published two of my articles in their August 2016 edition: 1. UPDATE: Panama Papers Reveals US Taxpayers with Offshore Entities 2. The Pasquantino Case: US Money Laundering Law and Foreign Tax Evasion The former is posted below, the latter was sent as a newsletter on July 21, 2016. If you missed it, […]

Read More »

IRS Criminal Tax Case: Diane L. Kroupa and Spouse

August 18, 2016  |   Posted by :   |   Tax Evasion   |   0 Comments

In resounding irony, a former US Tax Court Judge, Ms. Diane L. Kroupa and her husband Robert E. Fackler were indicted in 2016 for allegedly conspiring to evade $400k in taxes. She is alleged to have filed fraudulent tax returns (while sitting as a US Tax Court Judge) between 2004-2012 claiming non-deductible personal expenses as […]

Read More »

Paul Manafort and the Panama Papers, the Ukrainian Connection

August 15, 2016  |   Posted by :   |   Panama Papers   |   0 Comments

Paul Manafort, the campaign manager for Republican Presidential candidate, Donald Trump, has been linked to Ukrainian clients named in the Panama Papers. The anonymity offshore shell corporations provide individuals is a stated reason for their use in order to keep assets owned as confidential information. Although there are both legal and benign reasons for using […]

Read More »

Notable 2016 IRS Criminal Tax Cases

August 10, 2016  |   Posted by :   |   Tax Evasion   |   0 Comments

Sheldon Cohen, Former IRS Commissioner stated: “Taxation, in reality, is life. If you know a position a person takes on taxes, you can tell their whole philosophy. The tax code… embodies all the essence of life: greed, politics, power, goodness.” For those who cheat on their taxes be aware of a federal felony statute, 18 […]

Read More »

Money Laundering & The Movie Business: “The Wolf of Wall Street”

August 08, 2016  |   Posted by :   |   Tax Evasion   |   0 Comments

On 7/20/16 the US Dept. of Justice moved to seize $1B in assets including future proceeds from the 2013 film the Wolf of Wall Street, US luxury real estate and Old Masters art work in an international corruption investigation targeting officials who allegedly profited from misappropriating $3.5B from a Malaysian sovereign wealth fund (including possibly […]

Read More »

Recent Awards and Publications

August 03, 2016  |   Posted by :   |   International Investors,International Tax Planning,Tax Evasion   |   0 Comments

I am pleased to announce that in July 2016 London/UK based KMH Media Group included my firm as one of the winners in the 2016 Global 100 Awards (100 of the world’s leading law firms). We were selected as the International Tax Planning Law Firm of the Year (California/USA). Votes were cast by over 150,000 […]

Read More »

US Treasury Dept. Expanding Hunt for Money Laundering in Real Estate

August 01, 2016  |   Posted by :   |   Tax Evasion   |   0 Comments

On 7/27/16 the US Treasury Dept. expanded its hunt for international criminals who launder money through all cash US real estate purchases. Beginning August 2016, the US Treasury has ordered title companies to report all cash buyers’ identities for expensive US residential real estate (homes, condos) in major US cities. The Treasury Program, seeking to […]

Read More »