Mental health company owner, Catinia Denise Farrington of Cyprus, Texas, pleaded guilty to health care fraud and tax evasion in September of 2018. As of March 1st, 2019, she has been sentenced to 60 months in prison after profiting $4 million from Medicaid and just under $400,000 from her tax evasion scheme.
Health Care Fraud...
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Category: Tax Fraud
Google Reported Shifting $23 Billion to Bermuda in 2017 Using a Dutch Shell Company in Order to Gain Tax Leniency
Google, a renowned international technology company, was found to be using a Dutch shell company in order to reduce its foreign tax bill in 2017 by shifting $24 billion, 19.9 billion euros, of its revenue from royalties to Bermuda. The amount shifted in 2017 through the Netherlands was 4 billion euros more...
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Bermuda Tax Haven Plays a Large Role in Opioid Manufacturer Fortune
The Sackler family empire comprises Purdue in America, Napp in Britain, and Mundipharma in Europe and Australasia. The companies have helped amass a £10 billion fortune, protected, in part, by the tax haven of Bermuda.
The Evening Standard in the UK released a report detailing that while their opioid...
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Turkish Journalist is Sentenced to Jail Time for Her Work in The Paradise Papers as Decided By Istanbul Court After Investigation
After a lawsuit was filed against investigative journalist, Pelin Ünker, for her reporting on the Paradise Papers, an Istanbul court has found her guilty of defaming Turkey’s former Prime Minister, Binali Yildirim. For speaking against Yildirim and reporting on his confirmed offshore activities, Ünker has been sentenced to thirteen months in jail...
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Sprint to pay $330 million to settle state and local sales tax fraud whistleblower case in New York
Sprint will pay $330 million to settle a False Claims Act case filed by the New York Attorney General alleging that Sprint knowingly failed to collect and remit more than $100 million in state and local sales taxes owed on its flat-rate wireless calling plans sold to New Yorkers. The $330 million recovery...
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Owner of engineering firm and CPA convicted of conspiracy to defraud in tax scheme
Wagdy Guirguis and Michael Higa have been convicted of conspiracy to defraud the United States .In addition to the conspiracy conviction, Guirguis was also convicted of three counts of filing false corporate income tax returns, one count of failure to file a corporate income tax return, three counts of tax evasion, one...
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Hedge fund Harbinger Capital pays $30 million to settle charges of tax evasion by offshore manager
Hedge fund Harbinger Capital Partners Offshore Manager has agreed to pay $30 million to settle a lawsuit filed by the state of New York claiming the hedge fund manager knowingly evaded New York state and city taxes. A statement issued by the New York attorney general's office claims that Harbinger concealed...
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Connecticut insurance salesman sentenced to 5 years in prison for tax fraud
Terry DiMartino, a Newington, Connecticut, insurance salesman was sentenced to 70 months in prison for tax fraud, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department's Tax Division. DiMartino was convicted after a jury trial in March 2016 of one count of corruptly interfering with...
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Caterpillar Inc. owes is $2.3 Billion in taxes and penalties by IRS tally
According to a company filing, the Internal Revenue Service says that Caterpillar Inc. owes the United States Government back taxes and penalties in the amount of about $2.3 billion. Caterpillar does not agree and says it will continue to vigorously oppose the IRS position. The tax liabilities stem from Caterpillar's offshore tax strategy and...
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Secret Paradise Papers release reveals Offshore Bank Accounts and Massive Tax Evasion by Execs and Politicians
The Paradise Papers Offer a Glimpse of Ultra Rich Money Practices
Swirling around in the media and online is a leak of financial documents called The Paradise Papers. Within the terabits of information lies the documented offshore accounts of politicians, celebrities, multinational corporations and even royalty. There is something...
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