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Non-Tax Crimes

US tax agency says cyberattacks more extensive than previously thought

US tax agency says cyberattacks more extensive than previously thought

WASHINGTON (Reuters) – The U.S. Internal Revenue Service (IRS) said Monday a hacking attack into one of its computer databases revealed in May was much more extensive than previously thought, with nearly three times as many taxpayers hit by data theft. The IRS said in late May the tax return information of about 114,000 U.S. […]

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IRS Explains Its New Position On Civil Forfeiture In Structuring Cases

IRS Explains Its New Position On Civil Forfeiture In Structuring Cases

IRS Commissioner John Koskinen, testifying before the House Committee on Ways and Means Subcommittee on Oversight on Financial Transaction Structuring, has explained IRS’s new policy (first announced in October of 2014) under which it will no longer pursue the seizure and forfeiture of funds associated solely with “legal source” structuring cases (i.e., where the funds […]

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U.S. IRS tax data hack traced to Russia

U.S. IRS tax data hack traced to Russia

WASHINGTON (Reuters) – The U.S. Internal Revenue Service believes the theft of about 100,000 taxpayers’ personal data from its computer system originated in Russia, CNN reported on Wednesday. The tax agency’s criminal unit is leading an investigation into the cyber attack, in which criminals stole information through an online IRS application over the course of […]

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Washington Alert – DOJ reaches deal with Finter Bank; Tax Benefits to Military; CI’s new cybercrime unit

Washington Alert – DOJ reaches deal with Finter Bank; Tax Benefits to Military; CI’s new cybercrime unit

The Justice Department (DOJ) announced on May 15 that it has reached a resolution with Finter Bank Zurich AG under the department’s Swiss Bank Program. (15-622) The bank must pay a $5.41 million penalty. As described by DOJ, the Swiss Bank Program provides a way for Swiss banks to resolve potential criminal liabilities in the […]

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Commerzbank AG Admits to Sanctions and Bank Secrecy Violations, Agrees to Forfeit $563 Million and Pay $79 Million Fine

Commerzbank AG Admits to Sanctions and Bank Secrecy Violations, Agrees to Forfeit $563 Million and Pay $79 Million Fine

As announced in the DOJ Press Release, Commerzbank AG, a global financial institution headquartered in Frankfurt, Germany, and its U.S. branch, Commerzbank AG New York Branch (Commerz New York), have agreed to forfeit $563 million, pay a $79 million fine and enter into a deferred prosecution agreement with the Justice Department for violations of the […]

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Commerzbank Settles Money Laundering Charges For $1.45 Billion

Commerzbank Settles Money Laundering Charges For $1.45 Billion

Commerzbank AG and its U.S. branch agreed to pay a total of $1.45 billion in penalties for laundering $263 million for Iranian and Sudanese companies, the Federal Bureau of Investigation said. The settlement also covers the bank’s role in a separate money laundering scheme tied to accounting fraud at the Japanese camera and electronics maker, […]

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Fund Manager Charged with Diverting Investor Money to Side Business

Fund Manager Charged with Diverting Investor Money to Side Business

The SEC Enforcement Division alleged that VERO Capital Management LLC and three executives funneled $4.4 million in investor money into a subsidiary while hiding their actions from investors. The firm was also accused of failing to properly safeguard client assets. The SEC accused a New York fund manager and three of its executives on December […]

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California Investment Manager Sentenced to 225 Months in Prison for $33 Million Fraud Scheme

California Investment Manager Sentenced to 225 Months in Prison for $33 Million Fraud Scheme

California Investment Manager Sentenced to 225 Months in Prison for $33 Million Fraud Scheme, as reported in the DOJ Press Release. A California investment manager was sentenced yesterday to serve 225 months in prison for orchestrating a $33 million Ponzi scheme resulting in $15.2 million in losses to investors. Assistant Attorney General Leslie R. Caldwell […]

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Five Northern California Real Estate Investors Indicted for Bid Rigging and Fraud at Public Foreclosure Auctions

Five Northern California Real Estate Investors Indicted for Bid Rigging and Fraud at Public Foreclosure Auctions

A federal grand jury in San Francisco returned an eight-count indictment against five real estate investors for their role in bid rigging and fraud schemes at foreclosure auctions in Northern California, the Department of Justice announced. The indictment, filed in U.S. District Court for the Northern District of California in San Francisco, California, charges Northern […]

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Kentucky Businessman Pleads Guilty in Manhattan Federal Court to $53 Million Tax Scheme and Massive Fraud That Involved the Bribery of Bank Officials

Kentucky Businessman Pleads Guilty in Manhattan Federal Court to $53 Million Tax Scheme and Massive Fraud That Involved the Bribery of Bank Officials

U.S. Attorney Preet Bharara for the Southern District of New York and Deputy Assistant Attorney General David A. Hubbert for the Tax Division of the Department of Justice announced that Wilbur Anthony Huff, a Kentucky businessman, pleaded guilty today in Manhattan federal court to various tax crimes that caused more than $50 million in losses […]

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Alstom Pleads Guilty and Agrees to Pay $772 Million Criminal Penalty to Resolve Foreign Bribery Charges

Alstom Pleads Guilty and Agrees to Pay $772 Million Criminal Penalty to Resolve Foreign Bribery Charges

As reported in the DOJ Press Release, Alstom S.A. (Alstom), a French power and transportation company, pleaded guilty and agreed to pay a $772,290,000 fine to resolve charges related to a widespread scheme involving tens of millions of dollars in bribes in countries around the world, including Indonesia, Saudi Arabia, Egypt and the Bahamas. Deputy […]

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Former New Jersey Chiropractor Sentenced to Prison for Fraud

Former New Jersey Chiropractor Sentenced to Prison for Fraud

As reported in the DOJ Press Release, a  man formerly of Neptune, New Jersey, was sentenced in the U.S. District Court for the District of New Jersey to serve 54 months in prison to be followed by five years of supervised release, the Justice Department and the Internal Revenue Service (IRS) announced. In February 2014, a […]

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Avon China Pleads Guilty to Violating the FCPA by Concealing More Than $8 Million in Gifts to Chinese Officials

Avon China Pleads Guilty to Violating the FCPA by Concealing More Than $8 Million in Gifts to Chinese Officials

Avon China Pleads Guilty to Violating the FCPA by Concealing More Than $8 Million in Gifts to Chinese Officials, as reported in the DOJ Press Release. Avon Products Inc. and Avon Products (China) Co. Ltd. Will Pay More than $135 Million in Criminal and Regulatory Penalties Avon Products (China) Co. Ltd. (Avon China), a wholly owned […]

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Bakersfield Business Owner Pleads Guilty to Structuring over $1 Million in Bank Deposits

Bakersfield Business Owner Pleads Guilty to Structuring over $1 Million in Bank Deposits

Bakersfield Business Owner Pleads Guilty to Structuring over $1 Million in Bank Deposits, as reported in the DOJ. FRESNO, Calif. — Michael Seguine, 63, of Bakersfield, pleaded guilty today to structuring cash deposits, United States Attorney Benjamin B. Wagner announced. Seguine is the owner of Mike’s Coin & Stamp in Bakersfield. According to court documents, […]

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Former Fresno Business CFO Charged with Embezzling and Money Laundering

Former Fresno Business CFO Charged with Embezzling and Money Laundering

Former Fresno Business CFO Charged with Embezzling and Money Laundering, as reported by the DOJ. FRESNO, Calif. — Anthony Lester, 51, of Fresno, was indicted today by a federal grand jury, charging him with mail fraud and money laundering, United States Attorney Benjamin B. Wagner announced. According to court documents, Lester was the controller at […]

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Almost Five Years in Custody for Defendant Who Stole Identities of Deceased Children to Evade Taxes

Almost Five Years in Custody for Defendant Who Stole Identities of Deceased Children to Evade Taxes

Almost Five Years in Custody for Defendant Who Stole Identities of Deceased Children to Evade Taxes, as reported by the DOJ. SAN DIEGO – Lloyd Irving Taylor, formerly a licensed California tax attorney and certified public accountant, was sentenced today by U.S. District Court Judge Michael Anello to 57 months in prison and ordered to […]

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FSOC Says Cybersecurity Remains a Top Concern

FSOC Says Cybersecurity Remains a Top Concern

The Financial Stability Oversight Council (FSOC), a panel of financial regulators, said that cybersecurity remained a top concern, given the persistent threats as exhibited by the massive theft of credit card information at Target Corp. The FSOC said the frequency, severity, and sophistication of the attacks are likely to increase, and financial regulators must continue […]

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Former Alabama Corrections Officers Sentenced for Identity Theft and Tax Fraud

Former Alabama Corrections Officers Sentenced for Identity Theft and Tax Fraud

As reported in the DOJ Press Release, Former Alabama Corrections Officers Sentenced for Identity Theft and Tax Fraud. Bryant Thompson was sentenced today to serve 120 months in prison and Quincy Walton was sentenced to serve 84 months in prison for their roles in a stolen identity refund fraud scheme, announced Assistant Attorney General Kathryn […]

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Ex-Casino Owner, Nevada Businessman and Former National Football League Player Found Guilty in Massive Tax Fraud Scheme

Ex-Casino Owner, Nevada Businessman and Former National Football League Player Found Guilty in Massive Tax Fraud Scheme

As announced in the DOJ Press Release, a Las Vegas jury returned guilty verdicts yesterday against Alan Rodrigues, a former casino owner from Henderson, Nevada, Weston Coolidge, a former businessman from Las Vegas, and Joseph Prokop, a former National Football League punter from Upland, California, for conspiracy and fraud related to their promotion of a […]

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Los Angeles Physician Indicted in $33 Million Medicare Fraud Scheme

Los Angeles Physician Indicted in $33 Million Medicare Fraud Scheme

Los Angeles Physician Indicted in $33 Million Medicare Fraud Scheme, as reported by the DOJ. A Los Angeles physician was indicted today for a $33 million scheme to defraud Medicare, announced Assistant Attorney General Leslie R. Caldwell of the Justice Department’s Criminal Division, U.S. Attorney André Birotte Jr. of the Central District of California, Special […]

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Meet Paul Raymond

Meet Paul Raymond

Mr. Raymond is a sought after speaker in tax controversy law by many attorney, accountant, and business groups and at the request of the Internal Revenue Service, has presented programs at the IRS Nationwide Tax Forum, attended by tax professionals throughout the United States.

Additionally, he continues to be an active member in the Section of Taxation, American Bar Association, where he was the Past Chair of the Employment Taxes Committee.

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Member CA Bar Member Orange County Bar US Tax Court Attorney