IR-2012-53, May 21, 2012 The Internal Revenue Service today announced another expansion of its "Fresh Start" initiative by offering more flexible terms to its Offer in Compromise (OIC) program that will enable some of the most financially distressed taxpayers clear up their tax problems and in many cases more quickly than in the past. "This…
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Principal of Red Sea Management Sentenced to 20 Years.
Jonathan Curshen, 47, the principal of Red Sea Management and Global Securities and Honorary Consul to Costa Rica for St. Kitts & Nevis was sentenced to 20 years in prison for a $7 Million Stock Manipulation Fraud in Miami on Friday last week. Curshen and his co-defendant, Las Vegas stock promoter Nathan Montgomery, were involved…
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Facebook's Co-Founder Just Defriended America
Face book's Mark Zuckerberg may get all the hype in the romping road show run-up to the company’s historic IPO. But the latest news-grabbing Facebook co-founder is Eduardo Saverin, best known for his bitter legal battle with Mr. Zuckerberg as portrayed in the move The Social Network. Now Mr. Saverin may become even more renowned…
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Swiss Bank Whistle-Blowers Have Handed Over Data to U.K.
Bloomberg - Whistle-blowers at two Swiss banks have handed over client account data to U.K. tax authorities, according to two people with knowledge of the matter. The Revenue Authorities are examining the data before writing to U.K. resident account holders and sharing the information with other countries. At least one of the banks is foreign-owned and has…
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