Featured Tax Evasion

Secret guilty plea revealed in US Panama Papers criminal probe

By Will Fitzgibbon, ICIJ, 5 March 2021 ICIJ — A third person has pleaded guilty to financial crimes as part of a probe sparked by the Panama Papers investigation, newly released court documents show. The unexpected guilty plea by Joachim Alexander von der Goltz was… Read More

UBS May Use Money-Launderer Case to Appeal $5.4 Billion Penalty

Just over two years ago, UBS Group AG got a nasty shock when a Paris judge handed it a record $5.4 billion penalty for helping French clients avoid taxes. As the Swiss bank returns to the French capital on Monday for a three-week long appeal, its team of lawyers… Read More

The Billionaire Behind the Biggest U.S. Tax Fraud Case Ever Filed

More than 20 years ago, a group of former salesmen for Houston software entrepreneur Robert Brockman sued their old boss, claiming in court that he had deprived them of commissions by directing a portion of customer payments to a Cayman Islands entity. Mr. Brockman twice appealed to the Texas… Read More
2nd March 2021
Former International Monetary Fund chief Rodrigo Rato, found guilty of embezzlement in 2018, is close to standing trial again in Spain after a court charged him with corruption, money laundering and tax dodging, a court document said on Monday. As part of a probe into his personal wealth, the court… Read More
26th February 2021
Luxembourg has dismissed accusations of rampant tax avoidance and insisted that the country respects “all the applicable European and international rules and standards in terms of tax transparency , the fight against tax abuses and the fight against money laundering and the financing of terrorism”. The duchy is reeling from relevations made public in an exercise dubbed as Openlux, a collaboration… Read More
26th February 2021
By Will Fitzgibbon, ICIJ, 25 February 2021 ICIJ — A powerful international organization whose members represent the world’s largest economies has issued a strong warning about the “threats and risks” posed by lawyers, accountants and other facilitators who help their clients commit and conceal financial crimes. Read More
26th February 2021
At long last, Raimbek Matraimov was going to be giving instead of taking. The former Kyrgyz customs official, nicknamed Raim-Million for his immense wealth, agreed in October to repay 2 billion soms (US$24 million) to compensate his government for years of corruption. His admission of guilt and repayment of a… Read More
25th February 2021
Billions of people around the world are being trapped in poverty by systemic tax abuses, corruption and money laundering, according to a UN commission report calling for a global crackdown. The UN panel on financial integrity for sustainable development urged governments to overhaul tax rules and the banking system… Read More
25th February 2021
A grouping of world auditors say they are concerned that the Cypriot government is limiting examiners’ access to records from an axed citizenship-for-investment scheme that critics said was open to abuse. Cyprus scrapped the programme in November last year after the Al Jazeera news network filmed a senior state official… Read More
24th February 2021
Two former KPMG auditors were suspended from practicing before the Securities and Exchange Commission over alleged improper professional conduct during a 2015 audit of a now-defunct not-for-profit college that had overstated its assets, the agency said. The SEC said that Christopher Stanley, a former KPMG partner, and Jennifer Stewart, a… Read More
24th February 2021
By Khadija Sharife and Mark Anderson, OCCRP, 22 February 2021 OCCRP — In January 2020, at the Turkish port of Derince on the eastern shores of the Sea of Marmara, a huge cache of weapons was loaded onto the MV Storm. Registered in the tax haven of Vanuatu,… Read More
23rd February 2021
When New York prosecutors finally get to examine the federal tax returns of former President Donald J. Trump, they will discover a veritable how-to guide for getting rich while losing millions of dollars and paying little to no income taxes. Whether they find evidence of crimes, however, will also depend… Read More
23rd February 2021
Kirsty Everett, the compliance chief operating officer at HSBC Holdings PLC, will serve as the U.K. bank’s interim compliance chief as it looks to fill the role permanently, the bank said Monday. The vacancy was created by the appointment of Colin Bell, HSBC’s group chief compliance officer for the… Read More