According to DoJ Arvada, Colorado, woman pleaded guilty on October 29, 2018 to one count of willfully making and subscribing to a fraudulent corporate income tax return. According to court documents, Marlene Seo owned and operated a corporation called National Martial Arts Academy Inc., a martial arts instruction business. From 2011 through 2013, income…
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Huntington Beach Man Pleads Guilty to Failing to Report Over $2 Million Held in Israeli Bank Account
A Huntington Beach man pleaded guilty on October 29, 2018 to filing a false tax return that failed to report millions of dollars in foreign bank accounts and the resulting income. According to the DoJ, Elie Waknine, of Huntington Beach, California, held millions of dollars in an offshore account in Israel at Bank Leumi Le-Israel…
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Former Swiss Banker Sentenced to Prison For 10 Years
On September 18, 2018 we posted, Former Swiss Banker Charged in $1.2 Billion Venezuelan International Money Laundering Operation where we discussed the former managing director and vice chairman of Julius Baer pleaded guilty on August 22, 2018, for his role in a $1.2 Billion international scheme to launder funds embezzled from Venezuelan state-owned oil company Petróleos de Venezuela, S.A.…
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Switzerland Disclosed 2,000,000 Financial Accounts to Foreign Governments
The Swiss Federal Tax Administration has disclosed details of 2,000,000 financial accounts to partner jurisdictions under the global rules for automatic exchange of information. The Federal Tax Administration (FTA) has for the first time exchanged financial account information. The exchange took place within the framework of the global standard on the automatic exchange of information (AEOI). It…
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