The Supreme Court of the United States held in Dobbs v. Jackson Women’s Health Organization, that the Constitution does not confer a right to abortion, overruling long-standing precedent in Roe v. Wade and Planned Parenthood of Southeastern Pennsylvania v. Casey. Since the Dobbs decision,
Tax Controversy & Financial Crimes Report
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July 2019
Latest from Tax Controversy & Financial Crimes Report - Page 4
US Supreme Court to Review Non-willful FBAR Penalty
The U.S. Supreme Court has agreed to resolve a dispute concerning the maximum applicable penalty for non-willful violations of the foreign bank account reporting statute. The Ninth and Fifth circuit courts are split on whether a $10,000 non-willful penalty applies…
US Launches Nationwide Coordinated Law Enforcement Action to Combat Health Care-Related COVID-19 Fraud
As part of its ongoing effort to crack down on health care-related COVID-19 fraud, the U.S. Justice Department has launched a nationwide coordinated law enforcement action that recently led to criminal charges against 21 defendants in…
New Interagency COVID-19 Fraud Strike Force Intensifies Investigations of Pandemic Relief Loans
Vanessa R. Waldref, the U.S. Attorney for the Eastern District of Washington, recently announced the creation of a new interagency COVID-19 Fraud Strike Force to combat alleged fraud arising from the pandemic. One of its recent efforts…
Internal Revenue Service Unveils “Dirty Dozen” Tax Scams for 2022
The Internal Revenue Service has announced the first installment of its annual “Dirty Dozen” list of tax scams. Published every year, the “Dirty Dozen” comprises the twelve most prevalent tax scams that taxpayers may encounter, and is a strong indicator…
The Procurement Collusion Strike Force Takes Flight
Ryan T. Becker and Nathan M. Buchter co-authored The Procurement Lawyer article, “The Procurement Collusion Strike Force Takes Flight.” View the full article here.
Lenders Are Newest Justice Department Targets for Paycheck Protection Program Fraud
By Marissa Koblitz Kingman and Matthew D. Lee
With the arrest of the CEO of a New Jersey non-bank lender, the U.S. Department of Justice appears to have entered a new, more aggressive phase of its scrutiny of COVID-19 related…
Bank Fraud Involving PPP Loans Could Lead to Prison Time, Even for Relatively Small Advances
By Marissa Koblitz Kingman
The U.S. Department of Justice has recently begun charging defendants with bank fraud in relation to Paycheck Protection Program loans as part of its continuing efforts to investigate and prosecute individuals for crimes associated with COVID-19…
Spotlight on Fox Rothschild Tax Controversy Partner Ian Comisky
Ian M. Comisky was featured in the Bloomberg Tax article, “Spotlight on Tax Controversy Partner Ian Comisky.” View the full article.
Federal Judges Imposing Increasingly Harsh Prison Sentences for Paycheck Protection Program Fraud
By Matthew D. Lee and Marissa Koblitz Kingman
The U.S. Department of Justice continues to seek long prison sentences for those convicted of COVID-19 related fraud. Recently, courts have agreed with prosecutors, and have issued increasingly lengthy prison terms to those…