tax fraud – News Stories About tax fraud - Page 3

Apr 17, 2008 6:43 AM CDT

Samsung Head Indicted for Tax Fraud

Electronics giant vows reform as chairman faces trial

(Newser) - The chairman of electronic giant Samsung will stand trial for tax evasion and breach of duty after special prosecutors alleged corruption in South Korea's largest industrial corporation. Lee Kun-hee was indicted in Seoul today for evading $114 million in taxes and for incurring losses at Samsung while installing his son...

Strike Cripples German Airports

Mar 5, 2008 7:23 AM CST

Strike Cripples German Airports

Scores of flights canceled; Berlin transport also shut

(Newser) - Thousands of German airport workers have walked off the job on the first day of a strike, leading to hundreds of flight cancellations across Europe's largest country. Frankfurt International Airport, a key European hub, was picketed by more than 2,000 employees from baggage handlers to check-in counter workers and...

German Tax Case Reads
Like Spy Thriller

Feb 26, 2008 5:34 PM CST

German Tax Case Reads Like Spy Thriller

Informant's tale rife with code names and kidnappings

(Newser) - Code names, kidnappings, secrets sold to international intelligence agencies: these staples of a thriller movie come from the real life of Heinrich Kieber, the whistleblower who for $7.4 million sold German authorities the information that exposed a huge tax-evasion ring. Kieber has been given a new identity and is...

Homes Raided Nationwide in German Tax Fraud Probe

Feb 19, 2008 8:23 AM CST

Homes Raided Nationwide in German Tax Fraud Probe

$5B tax dodge crackdown

(Newser) - The fallout from Germany's enormous tax evasion scandal continued yesterday as police began a nationwide raid of the homes and offices of over a hundred people. More than 1,000 rich Germans are suspected of cheating the German treasury out of $5 billion by transferring huge sums to banks and...

Wesley Snipes Escapes Fraud Charges, But...

Feb 1, 2008 8:05 PM CST

Wesley Snipes Escapes Fraud Charges, But...

Actor faces up to 3 years for failing to file tax returns

(Newser) - Wesley Snipes is off the hook for tax fraud—but a federal jury in Florida today convicted him on 3 counts of failing to file returns, the Los Angeles Times reports. For the misdemeanors, the actor faces up to 3 years in prison, but he escaped a possible 13 more....

IRS May
Block Popular
Instant Refunds

Jan 4, 2008 10:57 AM CST

IRS May Block Popular Instant Refunds

Proposed change aims to curb fraud, steep loan rates

(Newser) - The IRS may stop big tax-preparation firms from offering instant refund loans to curb potential fraud, Bloomberg reports. Such loans are popular with taxpayers who don't want to wait weeks for a check, but interest is often steep and consumer groups have been pushing for a crackdown. The proposed change...

Rudy's Top Cop to Be Indicted

Nov 8, 2007 6:57 AM CST

Rudy's Top Cop to Be Indicted

Giuliani pal and former New York police commissioner faces corruption charges

(Newser) - Federal prosecutors expect to have an indictment by the end of the week against Giuliani pal Bernard Kerik for accepting illegal gifts when he was New York City corrections chief and police commissioner. The charges include tax evasion, tax fraud and public corruption, the Washington Post reports. The charges are...