The Pandora Papers: Financial scandal reveals how hundreds of the world’s powerful hide their fortunes

U.S. 10/04/21, 15:02

A thorough investigation of 12 million documents uncovered the procedures followed by at least 336 politicians, celebrities, religious leaders, and drug traffickers from 90 countries to hide their immense fortunes and evade taxes. The information, called "Pandora's Papers," was revealed by the International Consortium of Investigative Journalists (ICIJ), and was obtained through the ...

Clinton foundation charged with evading up to $2.5 billion in taxes

U.S. 10/14/20, 20:22

A U.S. federal judge ruled that a tax evasion complaint against the Clinton Foundation should go forward. Bill and Hillary Clinton's organization is accused of evading up to $2.5 billion in taxes, according to a report by Just The News. U.S. Tax Court Judge David Gustafson denied the Internal Revenue Service's ...

Michael Cohen reports to prison today

New York 05/06/19, 08:56

The former lawyer to President Donald Trump, Michael Cohen, is to begin his three-year sentence today for tax evasion, bank fraud, and lying to Congress. He will be serving his time at the federal prison in Otisville, New York. Cohen, 53, is to report by 2 p.m. on May 6, to ...

Cho Yang-ho, indicted Korean Air chairman, dies at 70

Business 04/07/19, 20:13

Korean Air's chairman, whose leadership included scandals such as his daughter's infamous incident of "nut rage," has died due to illness, the company said Monday.Cho Yang-ho had been indicted on multiple charges, including embezzlement and tax evasion, and his death came less than two weeks after a shareholder vote to ...

Icelandic rock band Sigur Ros charged with tax evasion

Entertainment 03/28/19, 20:19

Members of the Icelandic avant-garde rock band Sigur Ros have been charged with tax evasion three years after authorities launched a probe of the group's finances.An indictment issued by the district prosecutor Thursday accused the prominent musicians of submitting incorrect tax returns from 2011 to 2014, evading a total of ...

Chicago ‘Council Wars’ figure pleads guilty to tax crime

U.S. 03/07/19, 14:12

A former prominent member of the Chicago City Council has pleaded guilty to tax evasion in a scheme to help a lawyer foil the Internal Revenue Service.Edward Vrdolyak (ver-DOH'-lee-ack) faces a possible two-year prison sentence. He admits helping a fellow lawyer avoid taxes on unreported income related to a multibillion-dollar ...

Spanish court summons Shakira to answer tax evasion charges

Europe 02/26/19, 08:42

A Spanish court investigating Shakira for possibly evading 14.5 million euros ($16.4 million) in taxes has called on the pop music star to testify in mid-June.Prosecutors charged the singer in December for not paying taxes in Spain between 2012 and 2014, when she lived mostly in the country despite having ...

French court hits Swiss bank UBS with $4.2 billion fine

Europe 02/20/19, 08:40

A French court ordered Swiss bank UBS to pay more than 3.7 billion euros ($4.2 billion) in fines for helping wealthy French clients evade tax authorities, wrapping up one of France's biggest-ever tax evasion trials.The Paris court convicted Zurich-based UBS AG on Wednesday of aggravated money laundering and illegal bank ...

Spanish prosecutors file tax evasion charges against Shakira

Business 12/14/18, 09:17

Spanish prosecutors are charging pop music star Shakira with tax evasion, alleging she failed to pay more than 14.5 million euros ($16.3 million) between 2012 and 2014.The charges Friday allege Shakira listed the Bahamas as her official residence for tax purposes during those years but was in fact living in ...

Egypt’s retired soccer star sentenced to 1 year in prison

Sports 11/13/18, 05:19

An Egyptian court sentenced Mohamed Aboutrika, one of the country's greatest all-time soccer players, to a year in prison for tax evasion while also giving him the option to pay a fine of 20,000 Egyptian pounds, or $1,115, to have the sentence suspended.The verdict, handed down on Monday by the ...

Ex-Dallas bus agency official pleads guilty to tax evasion

Business 10/22/18, 22:22

The former board president of a shuttered school bus agency in Dallas pleaded guilty on Monday to tax evasion, a federal charge tied to an investigation into a bribery scandal at the organization, authorities said.Larry Duncan resigned last year from Dallas County Schools, the former government bus agency beset by ...

Release of film featuring fallen Chinese celebrity Fan nixed

Entertainment 10/17/18, 06:54

The director of "Air Strike," featuring Chinese actress Fan Bingbing, says the film's release has been canceled in the wake of her disappearance and conviction on tax evasion charges.The World War II thriller, also starring Bruce Willis and Adrien Brody, was to have been released Oct. 26.However, director Xiao Feng ...

Ex-executive gets prison term for embezzling nearly $14M

New York 10/12/18, 12:27

A former executive who embezzled nearly $14 million from a New York-based hospitality company has been sentenced to nearly four years in federal prison. George Dfouni received a 46-month sentence Friday. The 47-year-old Wayne, New Jersey man had pleaded guilty in January to wire fraud and tax evasion. Prosecutors didn't identify the ...

Situation seeks probation in tax case; feds seek 14 months

Entertainment 10/04/18, 08:58

The Situation should trade in his muscle shirts for a prison jumpsuit or avoid serving time altogether, according to dueling pre-sentencing submissions in the "Jersey Shore" actor's federal tax case.Attorneys for the star, whose real name is Michael Sorrentino, argue he should receive probation after pleading guilty in January to ...

China orders actress Fan Bingbing to pay massive tax fine

Entertainment 10/02/18, 23:51

Chinese tax authorities have ordered "X-Men" star Fan Bingbing and companies she represents to pay taxes and penalties totaling $130 million but would spare her from criminal prosecution, state media said Wednesday.The announcement ended months of speculation over one of China's highest-profile entertainers since she disappeared from public view three ...

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