Latest Tax evasion News

Trump Organization fined $1.6 million for tax fraud

Jan. 13, 2023 12:18 PM EST

NEW YORK (AP) — Donald Trump’s company was fined $1.6 million Friday for a scheme in which the former president’s top executives dodged personal income taxes on lavish job perks — a symbolic, hardly crippling blow for an enterprise boasting billions of dollars in assets. A...

Alex Murdaugh charged with tax evasion; made $14M in 9 years

Dec. 16, 2022 13:02 PM EST

COLUMBIA, S.C. (AP) — Alex Murdaugh, the disgraced attorney accused of killing his wife and son, was indicted Friday by a grand jury in South Carolina on nine counts of tax evasion, adding to the slew of charges he faces in the aftermath of their deaths more than a year ago. ...

Trump Organization convicted in executive tax dodge scheme

Dec. 06, 2022 21:52 PM EST

NEW YORK (AP) — Donald Trump’s company was convicted of tax fraud Tuesday for helping executives dodge taxes on extravagant perks such as Manhattan apartments and luxury cars, a repudiation of financial practices at the former president’s business as he mounts another run for the White House....

Man goes to trial on charges he ran unlicensed bitcoin biz

Dec. 06, 2022 19:08 PM EST

CONCORD, N.H. (AP) — A New Hampshire man accused of running an unlicensed bitcoin exchange business catered to romance and imposter scammers who conned their victims into wiring him money that he shared as virtual currency with the criminals after taking his cut, a prosecutor alleged during...

Donald Trump’s company found guilty of tax fraud in scheme hatched by top executives

Dec. 06, 2022 16:03 PM EST
NEW YORK (AP) — Donald Trump’s company found guilty of tax fraud in scheme hatched by top executives.

Avenatti sentenced to 14 years in California fraud case

Dec. 05, 2022 22:29 PM EST

SANTA ANA, Calif. (AP) — Lawyer Michael Avenatti, who rose to fame representing porn star Stormy Daniels against Donald Trump, was sentenced in California on Monday to 14 years in prison for cheating clients out of millions of dollars. Avenatti was also fined $10 million by U.S....

What's at stake as Trump Org. trial deliberations continue

Dec. 05, 2022 18:36 PM EST

NEW YORK (AP) — It’s one ballot former President Donald Trump would rather not be associated with: the verdict sheet at his company’s criminal tax fraud trial. Deliberations are set to spill into a second day Tuesday as jurors weigh charges that the Trump Organization helped...

Prosecutor: Evidence shows Trump 'explicitly' OK'd tax fraud

Dec. 02, 2022 15:27 PM EST

NEW YORK (AP) — In the end, it wasn't a last-minute smoking gun but a prosecutor insisting that evidence shows Donald Trump was aware of a scheme that his Trump Organization’s executives hatched to avoid paying personal income taxes on millions of dollars worth of company-paid perks. ...

Ex-bank manager sentenced for role in defrauding immigrants

Dec. 02, 2022 12:00 PM EST

BOSTON (AP) — A former bank manager has been sentenced to six months of home confinement for his role in a tax fraud scheme that targeted immigrants, particularly members of the Congolese community in the Boston area, federal prosecutors said. Christian Zynga, 47, was sentenced...

Prosecutor: Donald Trump knew about exec's tax fraud scheme

Dec. 01, 2022 20:12 PM EST

NEW YORK (AP) — Donald Trump “knew exactly what was going on” with top Trump Organization executives who schemed for years to dodge taxes on company-paid perks, a prosecutor said Thursday, challenging defense claims that the former president was unaware of the plot at the heart of the...