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Tax Evasion

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CALIFORNIA | LOCAL
March 25, 2008 | Jack Leonard
A former Hawthorne school board member pleaded not guilty Monday to charges of tax evasion, perjury and filing a false document, authorities said. Frank DeSimone, 33, was indicted Friday on six felony charges, including allegations that he failed to report $400,000 in income between 2003 and 2006 and lied on a city tax document in 2006 when he claimed he had sold his company. Los Angeles County prosecutors said the charges grew out of an investigation started in 2005 into whether DeSimone had moved to Cypress while serving as a Hawthorne school board member.
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CALIFORNIA | LOCAL
April 15, 2014 | By Lee Romney
SAN FRANCISCO -- Chinatown figure Raymond "Shrimp Boy" Chow pleaded not guilty Tuesday in federal court here in connection with a sweeping corruption probe that also ensnared state Sen. Leland Yee. Chow, who heads a Chinatown organization called the Chee Kung Tong, was charged with eight counts of money laundering, one count of conspiracy to sell stolen liquor and one count of trafficking in illegal cigarettes. Federal prosecutors say Chow, a felon with a criminal history that includes racketeering, is running a front for organized crime.
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WORLD
June 17, 2013 | Henry Chu
For hundreds of years, the island of Jersey has been famous for its cows, which have been bred, raised and exported worldwide. But these days, the mother's milk of its economy is something else entirely: the billions upon billions of dollars funneled from around the globe into the tiny island's outsize financial sector. Companies and individuals are drawn to Jersey as an offshore banking hub with tax rates that range from low to no. Critics describe the island, a largely autonomous state with ties to the British crown, as a prime destination for people and businesses seeking to hide their wealth and avoid paying taxes at home.
SPORTS
March 22, 2014 | By Kevin Baxter
Earlier this month a German court might have succeeded in doing what no soccer team in Europe has been able to do in quite some time, namely wound Bayern Munich. Whether the conviction of team President Uli Hoeness for tax evasion is simply a minor scratch or a mortal blow remains to be seen. But Hoeness' four-day trial, which captivated the country and embarrassed the team, couldn't have come at a worse time for Bayern, which is completing what may be the most dominant two-year stretch in club soccer history.
SPORTS
May 4, 1989 | From Times Wire Services
The owner of a Buena Park company that specializes in baseball memorabilia shows has been subpoenaed to testify before a federal grand jury in Cincinnati that is investigating Reds Manager Pete Rose for possible tax evasion. Randy Thyberg, owner of Thyberg Sports Marketing Co., has been subpoenaed, Kevin Mann, Thyberg Sports' director of promotions, told the Associated Press Wednesday. Mann said Thyberg did not testify Wednesday. A source, who asked not to be identified, said the grand jury is looking into whether Rose reported sales of his sports memorabilia on his tax returns, and whether he correctly reported earnings from gambling.
CALIFORNIA | LOCAL
February 13, 1990 | From Times and Wire Service Reports
Reuben Sturman, described in a 1986 presidential report as the world's largest distributor of pornography, was sentenced Monday to 10 years in prison and fined $2.46 million for tax evasion. Sturman, 65, who has a 5,610-square-foot Tudor-style house in Van Nuys and owns another residence in the Cleveland area, was convicted Nov. 17 in U.S. District Court of failing to report $2.7 million in income from 1978 to 1982. U.S.
NEWS
April 25, 1988 | EILEEN V. QUIGLEY, Times Staff Writer
Leona and Harry Helmsley emerged from a silver stretch limousine under slate-gray skies a little more than a week ago to be fingerprinted, photographed, booked and arraigned among drug dealers and thieves in the Manhattan criminal courthouse. Clad in a fire-truck-red coat-dress with blue velvet lapels, Leona Helmsley held her head high, linked arms with her husband and smiled at the mass of reporters outside the courthouse. Asked for comment, they replied only, "Good morning."
NEWS
June 19, 2013 | By Booth Moore, Los Angeles Times Fashion Critic
A court in Milan, Italy, has found fashion designers Domenico Dolce and Stefano Gabbana guilty of tax evasion charges, along with five of their coworkers, Women's Wear Daily reports. The trial began Dec. 3, following investigations that began in 2008. The designers were found guilty of failing to declare $268 million of income to authorities that was generated through their Luxembourg-based holding company, Gado Srl, according to the WWD report (subscription required). In addition to sentences of one year and eight months in jail, which were suspended, the designers were ordered to pay a penalty of about $670,000 to tax authorities.
ENTERTAINMENT
March 1, 2013 | By August Brown
Pop-rapper Ja Rule had quite a streak of radio hits and Grammy nods in the early 2000s. Now he's nearing the end of a different streak - his legal woes. The 36-year-old, born Jeffrey Atkins, had been in a New York state prison on illegal-gun-possession charges, serving the better part of a two-year sentence. Upon his release, he promptly went back into a New York City clink to finish a sentence resulting from tax evasion charges. The charges stemmed from a period between 2004 and 2006 when the singer failed to pay taxes on more than $3 million in income, resulting in a bill of just more than $1 million dollars.
BUSINESS
January 2, 2014 | By Stuart Pfeifer
H. Ty Warner, the billionaire creator of the popular Beanie Babies toys, is urging a federal judge to sentence him to probation for tax evasion. The 69-year-old tycoon pleaded guilty to a single count of felony tax evasion in October, acknowledging that he failed to report millions of dollars of interest income from a secret Swiss bank account from 1999 to 2007. Warner was on a list of 285 names that Swiss banking giant UBS gave to the Justice Department in 2009 in an attempt to mitigate its own criminal liability in a massive U.S. crackdown on offshore tax evasion.
BUSINESS
February 26, 2014 | By Jim Puzzanghera
WASHINGTON -- The chief executive of Credit Suisse told U.S. senators Wednesday it was "unacceptable" for Swiss banks to help Americans evade U.S. taxes and he regrets some of the firm's employees did so in the past. "We deeply regret that -- despite the industry-leading compliance measures we have put in place -- before 2009, some Credit Suisse private bankers appear to have violated U.S. law," Brady Dougan said in prepared remarks for a Senate subcommittee hearing into the bank's tax-evasion activities.
BUSINESS
February 25, 2014 | By Jim Puzzanghera
WASHINGTON - A Senate subcommittee investigation accused Swiss banking giant Credit Suisse of using elaborate “cloak-and-dagger” methods to hide the accounts of 22,000 wealthy American citizens with a total of up to $12 billion in assets from U.S. authorities so they could avoid paying taxes. The bipartisan probe also sharply criticized the Justice Department for being lax in using subpoenas and other legal tools to pressure the bank to reveal most of the names of account holders, which have been withheld as part of a long Swiss tradition of bank secrecy.
CALIFORNIA | LOCAL
February 19, 2014 | By Jeremiah Dobruck
A Newport Beach contractor was sentenced Tuesday to 18 months in federal prison for underreporting his income by about $2 million. The government lost out on roughly $300,000 in tax revenue as a result of Jeremy Scott Levine, 42, underreporting his income over a five-year period, according to the  Internal Revenue Service . U.S. District Judge Margaret M. Morrow ordered Levine, who owns Newport-based JSL Construction and Landscaping, to...
BUSINESS
January 2, 2014 | By Stuart Pfeifer
H. Ty Warner, the billionaire creator of the popular Beanie Babies toys, is urging a federal judge to sentence him to probation for tax evasion. The 69-year-old tycoon pleaded guilty to a single count of felony tax evasion in October, acknowledging that he failed to report millions of dollars of interest income from a secret Swiss bank account from 1999 to 2007. Warner was on a list of 285 names that Swiss banking giant UBS gave to the Justice Department in 2009 in an attempt to mitigate its own criminal liability in a massive U.S. crackdown on offshore tax evasion.
WORLD
December 22, 2013 | By Sergei L. Loiko
MOSCOW -- Mikhail Khodorkovsky, the former oil tycoon once considered President Vladimir Putin's most potent political foe, said Sunday that he had no plans to resume his business or political activities or to support Russia's embattled opposition forces. In a televised interview from Berlin, where he was whisked Friday after his release from prison, Khodorkovsky also said he has no plans to return to Russia in the near future. He gave little hint of what his future holds other than to say he would remain in Germany for now while his mother undergoes medical treatment there.
WORLD
December 20, 2013 | By Carol J. Williams, This post has been updated. See the note below for details.
After Russian President Vladimir Putin's decision to pardon his arch foe Mikhail Khodorkovsky, much of the world is asking: "Why now?" Putin clearly wants to clean up his human rights record before the Olympic Winter Games, which open in the southern Russian resort of Sochi in a mere seven weeks, and Khodorkovsky's decade-long imprisonment on what have been widely viewed as politically motivated charges was the most glaring blemish. But the "why now?" question might better be asked of Khodorkovsky, who has stubbornly refused to bargain for his freedom with guilty pleas and mea culpas that the Kremlin has sought to legitimize its repression of the former oil tycoon in the eyes of the Russian public.
BUSINESS
September 18, 2013 | By Becky Yerak
CHICAGO - Ty Warner, the entrepreneur who became a billionaire creating Beanie Babies toys, has been charged with federal tax evasion and has agreed to pay a $53.5-million penalty, federal officials said. Warner was charged with failing to report income he earned in a secret offshore account he held with UBS, the financial services firm based in Switzerland, the U.S. attorney's office in Chicago said Wednesday. Warner's lawyer, Gregory Scandaglia, confirmed that Warner, the sole owner of Westmont, Ill.-based toy designer Ty Inc., reached an agreement to resolve an investigation into an overseas account he opened in 1996.
ENTERTAINMENT
July 8, 2013 | By Christie DZurilla
Lauryn Hill on Monday started serving a three-month prison sentence for three counts of misdemeanor tax evasion. "The Miseducation of Lauryn Hill" artist and former Fugee reported to the Federal Correctional Institution in Danbury, Conn., a minimum-security prison where she'll live in dorm-style quarters and have a job (think food service, maintenance). After her three months are up, she'll spend three months in home confinement as part of a year on parole.  Hill was sentenced in May after pleading guilty last summer, admitting at the time that she intentionally failed to file tax returns in 2005, 2006 and 2007.
WORLD
December 19, 2013 | By Sergei L. Loiko
MOSCOW -- Russian President Vladimir Putin said Thursday he will pardon Mikhail Khodorkovsky, the former tycoon and rival whose imprisonment was widely seen as politically motivated. The Russian leader said Khodorkovsky had asked for clemency in a letter, and that he was planning to grant it within the next few days. “His over 10 years of imprisonment is a serious punishment and he referred to humanitarian circumstances" in the letter, Putin said to reporters after his annual news conference in Moscow.
WORLD
December 19, 2013 | By Sergei L. Loiko
MOSCOW - He was once Russia's richest man and, by some measures, President Vladimir Putin's most potent foe. By Thursday, when Putin said he was likely to grant clemency to Mikhail Khodorkovsky, that was all long in the past. Both Khodorkovsky's power and the source of his wealth have been lost over the course of a decade in prison, and Putin's position as Russia's leader is more secure than ever. Khodorkovsky's release would signal an end to a remarkable saga that has been one of the hallmarks of Putin's tenure, and has led to international condemnation of what many view as a high-profile violation of human rights.
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