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, ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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