Latest Tax evasion News

Spanish monarch's sister and husband break up after 25 years

Jan. 24, 2022 08:28 AM EST

MADRID (AP) — The sister of Spain's King Felipe VI, Cristina de Borbón, and her husband, Iñaki Urdangarin, are announcing the end of their marriage after nearly 25 years together, Spain's state news agency EFE reported Monday, citing a statement from the couple. The announcement...

Berlusconi drops bid to be elected as Italy's president

Jan. 22, 2022 16:36 PM EST

ROME (AP) — Former premier Silvio Berlusconi on Saturday bowed out of Italy's presidential election set for next week, claiming he had the votes to win but the country could ill-afford political divisions during the pandemic. Berlusconi also announced that he is opposing, along...

Feds: Nursing home operator failed to pay $29.5M in taxes

Jan. 21, 2022 13:09 PM EST

NEWARK, N.J. (AP) — The operator of a failed multi-state nursing home chain failed to pay $29.5 million in payroll and unemployment taxes for his employees at 95 facilities he operated in 11 states, federal prosecutors said. Authorities on Thursday arrested Joseph Schwartz, 62, of...

N. Carolina attorney pleads guilty to bank fraud conspiracy

Jan. 21, 2022 08:33 AM EST

RALEIGH, N.C. (AP) — A North Carolina attorney has pleaded guilty for her role in a conspiracy in which she and others created credit profiles using illegally obtained social security numbers and used the accounts to buy a luxury car and get plastic surgery, a federal prosecutor said. ...

New York AG says Trump's company misled banks, tax officials

Jan. 19, 2022 17:53 PM EST

NEW YORK (AP) — The New York attorney general says her investigators have uncovered evidence that former President Donald Trump’s company used “fraudulent or misleading” valuations of its golf clubs, skyscrapers and other property to get loans and tax benefits. In a court...

What comes next in New York's investigation of Donald Trump

Jan. 19, 2022 17:47 PM EST

NEW YORK (AP) — After investigating former President Donald Trump for several years, New York Attorney General Letitia James used a court filing Tuesday to outline much of the evidence her investigators have gathered so far. The legal memo claimed the Republican's company used “fraudulent or...

Florida man gets 5 years for COVID-19 relief, tax fraud

Jan. 19, 2022 15:10 PM EST

ORLANDO, Fla. (AP) — A Florida man convicted of fraudulently collecting more than $1.3 million in COVID-19 relief funds has been sentenced to five years in prison. Johnson Eustache, of Palm Bay, was sentenced Tuesday in Orlando federal court, according to court records. He pleaded...

Contractor gets probation in tax evasion scheme

Jan. 19, 2022 08:46 AM EST

PROVIDENCE, R.I. (AP) — A contractor from Massachusetts who frequently traveled to Rhode Island to cash business checks at a check-cashing facility to avoid reporting or paying taxes on nearly $2 million in income has been sentenced to two years of probation, federal prosecutors said. ...

2 North Carolina tax preparers sentenced in filing scheme

Jan. 19, 2022 08:23 AM EST

GREENSBORO, N.C. (AP) — Two North Carolina tax preparers have pleaded guilty to charges that they prepared fraudulent tax returns with an estimated loss to the government of $1.5 million, the U.S. Department of Justice said. Court documents say Whitney Danielle Sales owned and...

Ex-Chicago alderman seeks prison release over COVID concerns

Jan. 16, 2022 15:59 PM EST

CHICAGO (AP) — A former Chicago alderman convicted of tax evasion has sought an early release from prison due to his age, medical conditions and the omicron-fueled COVID-19 surge. Attorneys for Edward Vrdolyak filed an emergency petition Friday, according to The Chicago Tribune. ...