tax evasion News

Chicago Insurance Agent Pleads Guilty to Federal, State Tax Evasion

A Chicago insurance agent has pleaded guilty to failing to pay federal and state taxes on more than $4.7 million in income earned over a decade, according to federal prosecutors. The office of the United States Attorney for the Northern …

Arrest Warrants Issued for New York Financiers Over Failed Oklahoma Insurer

Arrest warrants have been issued for two New York financiers after prosecutors filed charges in Oklahoma state court relating to the purchase and handling of a now-defunct Oklahoma insurance company that the pair once controlled. Scott Hartman and Andrew Scherr …

Man Admits He Embezzled $700K from Maine Boatyard

A Massachusetts man who worked as a financial manager for a Maine boatyard has admitted to embezzling over $700,000 from the company. The Portland Press Herald reports 50-year-old Steven Nygren, of Salem, Mass., pleaded guilty to bank fraud, credit card …

Cashier Admits Stealing $13M at Pennsylvania Monuments Firm

The former cashier at a Pennsylvania monuments and engraving firm has acknowledged stealing nearly $13 million over 16 years and is hoping a judge will approve a seven-and-a-half-year federal prison sentence for her crimes. Cynthia Mills’ defense attorney, Phil DiLucente, …

Owners of Hotel Cleaning Firm in California Charged with $7M Workers’ Comp Fraud

The owners of a janitorial company serving luxury hotels in Southern California and Nevada are charged with running a $7 million workers’ compensation insurance and tax evasion scam, prosecutors announced Monday. Hyok “Steven” Kwon and Woo “Stephanie” Kwon were arrested …

Kansas Hotel Owners Hired Illegal Immigrants, Didn’t Pay Taxes, Workers’ Comp

When a suburban Kansas City couple bought two Clarion hotels, they systematically replaced lawfully employed workers with immigrants not authorized to work in the United States, cutting labor costs by 40 percent. Not only were the illegal workers paid a …

Ex-CEO of Bankrupt Oklahoma Trucking Co. Faces Fraud Charges

Just shy of five years after Arrow Trucking Co. in Tulsa, Okla., suddenly shut its doors, the company’s former chief executive has been indicted on fraud charges related to the company’s demise. A 23-count indictment unsealed on Dec. 5 in …

Foreign Insurers’ Role in U.S. Tax Evasion Under Scrutiny

A Swiss asset management firm, Swisspartners Group, agreed to pay $4.4 million to the United States to settle a probe into whether it helped U.S. taxpayers evade their federal income taxes, the U.S. Department of Justice announced on Friday. From …

Nebraska Insurance Agency Owner Gets 6 Months in Tax Case

A 69-year-old Nebraska businessman has been given six months in prison for not paying to the government money he’d withheld for federal taxes. The Lincoln Journal Star says John Clabaugh Jr. was sentenced on Oct. 21 and ordered to pay …

German Minister Says Tax Haven Report Will ‘Increase Pressure’

German Finance Minister Wolfgang Schaeuble said on Friday he was glad the identities of thousands of holders of bank accounts in tax havens had been leaked because it would help do away with a business model that Cyprus had shown …