Latest Tax evasion News

Ex-Boston Grand Prix CFO pleads guilty to fraud, tax charges

Oct. 22, 2021 09:22 AM EDT

BOSTON (AP) — The former chief financial officer of the organization that tried to bring an IndyCar race to Boston has pleaded guilty to multiple fraud and tax evasion charges connected to the race and other business interests, and for improperly receiving almost $700,000 in pandemic relief...

Chinese tax agency investigating high-profile developer

Oct. 22, 2021 08:27 AM EDT

BEIJING (AP) — The Chinese government said Friday it is investigating possible tax evasion by a subsidiary of high-profile real estate developer SOHO China Ltd., the target of an aborted takeover attempt this year by Blackstone Group. The announcement comes amid a...

Report: Tax evasion schemes cost treasuries $175 billion

Oct. 21, 2021 10:25 AM EDT

BERLIN (AP) — Elaborate tax evasion schemes have cost some of the world's major treasuries a total of at least 150 billion euros ($175 billion) in lost revenue over the past two decades, according to a report Thursday. The report coordinated by German outlet Correctiv...

Feds: Former FedEx manager took goods worth more than $3.25M

Oct. 21, 2021 09:18 AM EDT

BALTIMORE (AP) — A Delaware man who stole goods worth more than $3.25 million while working at a FedEx facility has been sentenced to more than three years in prison for interstate transportation of stolen goods and tax evasion. Prosecutors announced that Joseph Kukta,...

California union leader booked on tax, embezzlement charges

Oct. 15, 2021 16:01 PM EDT

SACRAMENTO, Calif. (AP) — The former executive director of California’s largest labor union was booked into jail Friday after she and her husband had their first court appearance on charges including tax fraud, embezzlement, perjury and failure to pay unemployment insurance taxes. ...

EU agencies crack down on pandemic recovery fund fraud

Oct. 15, 2021 07:55 AM EDT

THE HAGUE, Netherlands (AP) — European Union agencies are launching a year-long operation to crack down on fraud targeting the bloc's multibillion-euro COVID-19 pandemic recovery fund, EU police agency Europol announced Friday. Operation Sentinel will coordinate the...

SC man arrested on multiple tax fraud charges

Oct. 14, 2021 18:37 PM EDT

NORTH CHARLESTON, S.C. (AP) — A South Carolina man was arrested Thursday on multiple tax fraud charges. Michael Edwards, 49, of Ladson, faces five counts of furnishing false tax documents and four counts of obtaining goods under false pretenses, the South Carolina...

California union leader charged with tax fraud, embezzlement

Oct. 13, 2021 19:46 PM EDT

SACRAMENTO, Calif. (AP) — The top staff member at California's largest labor union has resigned after she and her husband were charged with felonies including tax fraud. Alma Hernandez served as executive director for SEIU California since 2016. The union represents...

Ex-Indiana mayor gets 21 months in prison for seeking bribe

Oct. 13, 2021 18:35 PM EDT

HAMMOND, Ind. (AP) — A former northwestern Indiana mayor who was found guilty of taking a $13,000 bribe from a trucking company and illegal tax evasion was sentenced Wednesday to 21 months in prison. A federal judge ordered the sentence against former Portage Mayor...

Former Georgia insurance commissioner sentenced to 7 years

Oct. 12, 2021 14:37 PM EDT

ATLANTA (AP) — Georgia's former insurance commissioner will spend more than seven years in prison, as he finally accepted responsibility Tuesday for a $2.5 million fraud even as a federal judge lambasted him for lying from the stand during his July trial. U.S. District...