Current News
New Hampshire Man Pleads Guilty To Filing False Tax Return
New Hampshire Man Pleads Guilty To Filing False Tax Return Monday, October 20, 2014 For Immediate Release U.S. Attorney’s Office, District of New Hampshire WASHINGTON – A Hampton, New Hampshire, man pleaded guilty today in the U.S. District Court for the District of New Hampshire to filing a false federal income tax return for tax year […]
Former Florida Resident Indicted for Tax Evasion and Failing to Report Foreign Bank Accounts
FOR IMMEDIATE RELEASE Wednesday, February 10, 2021 Former Florida Resident Indicted for Tax Evasion and Failing to Report Foreign Bank Accounts A federal grand jury returned an indictment today charging Lucia Andrea Gatta, a former resident of Palm Beach County, Florida, with tax evasion and failing to file Reports of Foreign Bank and Financial Accounts […]
Los Angeles Man Pleads Guilty to Not Reporting over $1 Million Held in Israeli Offshore Accounts
Los Angeles Man Pleads Guilty to Not Reporting over $1 Million Held in Israeli Offshore Accounts Monday, August 20, 2018 For Immediate Release U.S. Attorney’s Office, Central District of California LOS ANGELES – A Los Angeles man pleaded guilty today in U.S. District Court to willfully failing to file a Report of Foreign Bank and Financial […]
Azizur Rahman Indictment FBAR case
ALEXANDRIA, Va. – A federal grand jury returned an indictment today charging a Herndon man with failing to file Reports of Foreign Bank and Financial Accounts (FBARs) and filing false documents with the IRS. According to the indictment, Azizur Rahman, 70, had a financial interest in and signature authority over more than 20 foreign financial […]
A professor and researcher at Massachusetts Institute of Technology (MIT)
The defendant allegedly failed to disclose his work for the People’s Republic of China to the U.S. Department of Energy BOSTON – A professor and researcher at Massachusetts Institute of Technology (MIT) was charged and arrested today in connection with failing to disclose contracts, appointments, and awards from various entities in the People’s Republic of […]
Dr. Charles Lieber – Wuhan University of Technology
Dr. Charles Lieber was found guilty of concealing his affiliation with the Wuhan University of Technology and his participation in China’s Thousand Talents Program BOSTON – The former Chair of Harvard University’s Chemistry and Chemical Biology Department was convicted by a federal jury today in connection with lying to federal authorities about his affiliation with […]
U.S Treasury Sanctions Lazarus Group in virtual currency heist, largest theft to date
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned virtual currency mixer Tornado Cash, which has been used to launder more than $7 billion worth of virtual currency since its creation in 2019. This includes over $455 million stolen by the Lazarus Group, a Democratic People’s Republic of Korea (DPRK) state-sponsored […]
Jury Convicts Southern Illinois University-Carbondale Professor of Concealing Foreign Bank Account from the Internal Revenue Service
Jury Convicts Southern Illinois University-Carbondale Professor of Concealing Foreign Bank Account from the Internal Revenue Service Benton, Ill. – Dr. Mingqing Xiao, 60, of Makanda, Illinois, was convicted by a federal jury on Wednesday, May 4, 2022, in connection with lying to federal authorities about a foreign bank account in China in 2017, 2018, and […]
FBAR now has a close cousin named CTA
Foreign Bank Account Reporting, commonly known as FBAR now has a close cousin named CTA. CTA is being created as of the beginning of the year 2021 and named the Corporate Transparency Act, to flush out Beneficial owners of Foreign Entities such as Corporations, LLC, and others where ownership is 25% as well as other […]