A compliance officer for the cryptocurrency exchange told senior executives and Nigerian contacts that the company had been asked to pay $150 million in crypto.
Category: Tax Evasion
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How a Crypto Compliance Officer Ended Up in a Nigerian Prison
Tigran Gambaryan, an American compliance official for the giant cryptocurrency exchange Binance, flew to Nigeria in February for a planned two-day business trip. He hasn’t returned.
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Lawmakers Question Bank of America About Leon Black’s Payments to Epstein
A Senate committee sent a letter asking the bank whether it had adequately followed procedures before clearing $158 million in payments.
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I.R.S. Stepping Up Efforts to Squash Fraud in Tax Credit Program
The Employee Retention Tax Credit continues to be ripe for abuse as Congress mulls shutting the program down.
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Biden Targets Private Jets in Hunt for Tax Revenue
The White House’s new focus on corporate aviation is drawing backlash from an industry that says it supports manufacturing.
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How Trump’s Justice Dept. Derailed an Investigation of a Major Company
The industrial giant Caterpillar hired William Barr and other lawyers to defuse a federal criminal investigation of alleged tax dodges.
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The I.R.S.’s Taxpayer Experience Officer Says Open Your Mail Already
Ken Corbin is fixing the phone lines — but those foreboding letters are staying the same.
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I.R.S. to Crack Down on Corporate Jet Users Who Abuse Tax Code
The tax collection agency’s scrutiny will involve new data analytics tools to find private jet owners who claim millions of dollars in deductions on planes being used for personal travel.
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I.R.S. Commissioner Aims to Show Progress Amid Threats of Budget Cuts
Daniel Werfel will try to persuade skeptical Republicans on Thursday that funding the tax agency is a good investment.
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Treasury Report Shows $1.7 Trillion Deficit
The widening gap between what the government spends and what it earns comes as Congress continues to spar over the proper levels of federal spending.
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I.R.S. Changes Audit Practice That Discriminated Against Black Taxpayers
The agency will overhaul how it scrutinizes returns that claim the earned-income tax credit, which is aimed at alleviating poverty.
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I.R.S. Deploys Artificial Intelligence to Target Rich Partnerships
The tax agency is opening examinations into large hedge funds, private equity groups, real estate investors and law firms.