July 14, 2017

Whistleblower News From The Inside — July 14, 2017

By the C|C Whistleblower Lawyer Team

DMX Arrested for Tax Fraud, Allegedly Withheld $1.7 Million From IRS — DMX was arrested and charged with tax fraud, with the rapper accused of “engaging in a multi-year scheme to conceal” $1.7 million in tax liabilities from the Internal Revenue Service.  “Celebrity rapper or not, all Americans must pay their taxes,” Acting U.S. Attorney Joon H. Kim said in a statement. “While raking in millions from his songs, including his 2003 hit ‘X Gon’ Give it to Ya,’ DMX didn’t give any of it to the IRS.” Rolling Stone

Whistleblowers Fear for Safety while Fraudster on the Lam — Eric C. Conn, the convicted ringleader of the biggest Social Security disability fraud in history, was supposed to be sentenced Friday.  Instead, he’s on the run, and the two whistleblowers who helped expose his scam say they fear for their safety.  Conn cut his ankle bracelet in early June and has evaded the FBI ever since, including seemingly taunting agents in repeated missives to newspapers and TV stations in Kentucky and West Virginia, as well as The Washington Times. Washington Times

SEC Files Insider Trading Charges Against Research Scientist Aiming to Avoid SEC Detection — The SEC announced insider trading charges against a research scientist who allegedly searched the internet for “how sec detect unusual trade” before making a trade that the agency flagged as suspicious through data analysis.  The SEC’s complaint alleges that the scientist loaded up on stocks and options in advance of two corporate acquisitions late last year based on confidential information obtained from his wife, an associate at a law firm that worked on the deals.  He then tried to hide the deals by putting them in his mother’s name. SEC

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