eBook | Foreign Asset Reporting: Navigating the Choppy Financial Seas.

Play Ball with the Government or Else: Marian Morgan Learns Her Lesson the Hard Way

Marian Morgan would not play ball with the U.S. government, and she paid dearly for that decision – a 405-month (almost 34-year) prison sentence. Her codefendants both wound up with very different fates. Marian Morgan and her husband, John Morgan, ran a Ponzi scheme in Sarasota, Florida, called “Morgan European Holdings,” scamming people out of […]

SWISS BANKS UNITE AND FIRE BACK AT THE DEPARTMENT OF JUSTICE

Neutrality is Switzerland’s unwritten motto. This devotion to conflict avoidance kept the Swiss out of two World Wars. The Swiss are known for their diplomacy, hospitality, and the ability to keep a secret. So, it came as a shock when 73 Swiss banks joined ranks to inform the U.S. Department of Justice and the IRS, […]

Chicago Lawyer with Portfolio of Celebrity Clients Indicted On Charges of Tax Fraud

Gary Stern is the latest professional to become ensnared in the coils of the criminal justice system. The once prominent lawyer who represented NFL players, doctors, lawyers, and other professionals has been charged with tax fraud. Federal prosecutors allege that Stern organized, operated, and promoted elaborate and bogus tax schemes, primarily to help his wealthy […]

Holder Strikes Down Waiver of Appeal Rights

As Attorney General Eric Holder arranges his soon departure from the position, he has ended the waiver of appeal policy that drew heavy criticism from legal ethics groups in the past.

Weil Case: What Was The Swiss Role?

If you poke about under rocks for long enough, you’d better be prepared to find something unpleasant. That’s what the US government is realizing as the Raoul Weil case finally goes to court. Weil, 54, is accused of helping US citizens avoid taxes while working as head of Global Wealth Management at Switzerland’s UBS – […]