Proposed Changes to NY FCA Tax Provisions Rattle Potential Tax Fraudsters
New York is one of several states that has provisions in its state False Claims Act (“NY FCA”) allowing whistleblower (or qui tam) suits for violations of the state’s tax laws. On August 3, 2020 (Senate) and October 7, 2020 (Assembly), the New York state legislature, introduced bills proposing revisions to the NY FCA’s tax provisions.
Catch of the Week: Texas-Sized Indictment for $2 Billion Tax Fraud
Everything sure is bigger in Texas. Bigger hair, bigger churches, bigger stadiums, bigger ranches, and bigger sky. Oh, and as of this week, bigger billionaires committing bigger frauds!
On Thursday, federal prosecutors in California chargedRobert T. Brockman, a Houston tech executive, with hiding $2 billion in income from the Internal Revenue Service. True to Texas form, David L. Anderson, the U.S. attorney...
Constantine Cannon Attorneys Ari Yampolsky and Chris McLamb Published in the Daily Journal on the California FCA
On September 8, 2020, Constantine Cannon attorneys Ari Yampolsky and Chris McLamb published an article in the Daily Journal discussing the California State Senate’s failure to pass critical amendments to the California False Claims Act. Among other things, the amendments would have closed a loophole that lets tax cheats off the hook and rebuffed defendants’ attacks on the CFCA’s longstanding materiality...
Constantine Cannon Whistleblower Team’s Top-Ten “Staff Picks” of 2019
From cybersecurity, cryptocurrency, and “big data” to private-equity backed healthcare, private detention facilities, and the essential whistleblower experience – your prolific and relentless CC WB bloggers have chosen some of their favorite 2019 posts (and one from 2018) – don’t miss these insider-favorite gems!
Your worst nightmare – private data exposed to the unscrupulous – could be curbed...
Tax fraud and tax evasion persist each year in various forms and whistleblowers have been at the forefront in combatting entities and individuals cheating the system. Under the IRS Whistleblower Reward Program, whistleblowers who bring information regarding tax fraud to light that results in a recover of over $2 million can be eligible for a reward between 15 to 30% of the government’s recovery. The IRS...
Malta’s Ongoing Corruption Scandal Renews Focus on Money Laundering
The tragic murder of investigative journalist Daphne Caruana Galizia in 2017 sparked international outrage—and the fear that nothing would be done to discover who was behind her death. This turns out not to be the case. After years of persistence from her family and journalist community, Yorgen Fenech, a gambling, real estate, and energy mogul, was arrested on November 20 for complicity in her murder. He has...
Catch of the Week: B&H Photo Video Sued by NY State for Tax Fraud
This week’s Catch of the Week brings us back to the Big Apple, where New York Attorney General Letitia James joined a whistleblower lawsuit yesterday accusing the nation’s largest non-chain photo and video equipment retailer, B&H Photo Video, of tax fraud.
The suit claims that long-time camera and electronics retailer B&H, which had more than $3 billion in revenue last year, knowingly failed to pay over $7...
Promising Changes to IRS Whistleblower Program – Tax Whistleblowers Now Protected Against Retaliation and Improved Communication when Reporting Tax Violations
Recent legislation marks a potential huge step forward for the IRS Whistleblower Program, which offers rewards of 15 to 30% of government recoveries to whistleblowers who report tax avoidance. The Taxpayer First Act (TFA), which came into force on July 1, 2019 introduced key reforms that should benefit whistleblowers reporting tax evasion and underreporting.
A few months ago, the IRS Whistleblower Office released...