Latest Tax evasion News

Puerto Rico suspends operations of bank amid global probe

Jun. 30, 2022 22:46 PM EDT

SAN JUAN, Puerto Rico (AP) — Authorities announced Thursday they have suspended the operations of Puerto Rico-based Euro Pacific International Bank, which officials previously said was under suspicion of facilitating money laundering and offshore tax evasion. The bank was founded...

Ex-lawyer who stole over $3.4M from clients pleads guilty

Jun. 28, 2022 15:22 PM EDT

PORTLAND, Ore. (AP) — A former Oregon personal injury lawyer who stole more than $3.4 million from her clients has pleaded guilty to seven federal charges in what the state bar has called the worst fraud by a lawyer in the state’s history. Lori E. Deveny, who relinquished her...

Massachusetts man pleads guilty in pandemic loan fraud case

Jun. 23, 2022 09:09 AM EDT

BOSTON (AP) — A Massachusetts man who lied on his application for federal coronavirus business stimulus funds and then used some of the $400,000 he received to pay his mortgage has pleaded guilty to wire fraud, federal prosecutors said. Adley Bernadin, 44, of Stoughton, entered his...

US prosecutors will likely drop other charges for Avenatti

Jun. 21, 2022 15:12 PM EDT

SANTA ANA, Calif. (AP) — Federal prosecutors say they expect to drop additional charges against incarcerated lawyer Michael Avenatti after he pleaded guilty to multiple counts of wire fraud for swindling his clients out of settlement funds they were due. In a court filing Tuesday,...

Florida primary will be a scramble to fill US House seats

Jun. 20, 2022 17:28 PM EDT

TALLAHASSEE, Fla. (AP) — With about two months before Florida’s primary, the most exciting event to watch outside the Democratic nomination for governor is the mad scramble to fill congressional seats. The departure of four U.S. House members, Florida’s acquisition of a new...

Man gets more than 3 years in prison for $13M COVID-19 fraud

Jun. 17, 2022 15:48 PM EDT

BOSTON (AP) — A Massachusetts businessman convicted of fraudulently seeking more than $13 million in federal coronavirus pandemic relief loans has been sentenced to more than three years in prison. Elijah Majak Buoi, 40, of Winchester, was also sentenced to three years of...

Avenatti pleads guilty to fraud, tax charges in California

Jun. 16, 2022 17:01 PM EDT

SANTA ANA, Calif. (AP) — Incarcerated lawyer Michael Avenatti pleaded guilty Thursday to four counts of wire fraud and a tax-related charge in a federal court case in Southern California accusing him of cheating his clients out of millions of dollars. Avenatti, who is in federal...

Incarcerated lawyer Michael Avenatti pleads guilty to wire fraud and tax charges in California

Jun. 16, 2022 15:00 PM EDT
SANTA ANA, Calif. (AP) — Incarcerated lawyer Michael Avenatti pleads guilty to wire fraud and tax charges in California.

McDonald's to pay France $1.3 billion in tax fraud case

Jun. 16, 2022 09:27 AM EDT

PARIS (AP) — McDonald’s France and related companies have agreed to pay over 1.2 billion euros ($1.3 billion) to the French state to settle a case in which the fast-food giant was accused of years of tax evasion. A Paris court approved the settlement Thursday, the French national...

Todd and Julie Chrisley found guilty on federal charges

Jun. 07, 2022 20:13 PM EDT

ATLANTA (AP) — Todd and Julie Chrisley, stars of the reality television show “Chrisley Knows Best,” were found guilty Tuesday in Atlanta on federal charges including bank fraud and tax evasion. The Chrisleys were initially indicted in August 2019 and a new indictment was filed...