Category Archives: Tax fraud

Information about tax fraud.

Ex-UBS banker indicted for tax evasion services

икониThe U.S. Court has indicted former senior UBS private banker for selling offshore tax-evasion services to wealthy Americans. Martin Lack is a Swiss national who until 2003 oversaw UBS’s North America business for wealthy Americans placing their money in hidden … Continue reading

Posted in Illegal actions, Tax Shelters, Tax avoidance, Tax fraud, Tax planning | Leave a comment

Indian-American businessman charged of concealing bank accounts in India and BVI

An American businessman of Indian origin, Vaibhav Dahake, has been charged by a federal grand jury of New Jersey of trying to conceal undeclared bank accounts in India and in the jurisdiction of the British Virgin Islands. According to the … Continue reading

Posted in BVI Companies, Frauds, Investigation, Tax avoidance, Tax fraud | Leave a comment

Madoff’s feeder fund tries to recover money

Fairfield Sentry Ltd., one of Madoff’s feeder funds that transferred US$3.2 billion to him, sued a Swiss unit of Bank Morgan Stanley AG. The US fund, which is being liquidated under the supervision of the Commercial Division of the High … Continue reading

Posted in Court decisions, Frauds, Liquidation, Offshore investment schemes, Scam, Tax fraud | Leave a comment

BVI- and Bahamas-based companies’ trustee must pay $25 mln in taxes and penalties

Norman Leighton, the owner of international trust administration business called Leighton & Leighton and based in Monaco, has been ordered by the Federal Court of Australia to pay about US$25 mln of taxes and penalties, on the proceeds of his … Continue reading

Posted in BVI Companies, Tax avoidance, Tax fraud | Leave a comment

U.S. authorities file charges against BVI company

On Tuesday, charges were filed by the state Attorney General’s Office, Pennsilvania, against Brian J. Murray, CEO of the defunct  Murray Insurance Agency and three other persons. They are alleged of insurance pyramid scheme, the accusations against them include criminal … Continue reading

Posted in Frauds, Investigation, Money Laundering, Tax avoidance, Tax fraud | Leave a comment

Australian actor accused of concealing income from BVI offshore companies

In the case of an Australian actor Paul Hogan, who had already been accused of defrauding the tax office by establishing loan scheme with an offshore company GB Film Finance registered in the British Virgin Islands, new allegations appeared against … Continue reading

Posted in BVI Companies, Frauds, Investigation, Litigation, Tax fraud | Leave a comment

The U.S. millionaire is to restitute taxes hidden from IRS through BVI-registered companies

The U.S. Court of Appeals for the District of Columbia Circuit announced about a week ago that Walter Anderson, telecommunications entrepreneur who admitted hiding hundreds of millions of dollars from the International Revenue Service (IRS) and tax collectors of the … Continue reading

Posted in BVI Companies, Litigation, Tax fraud | Leave a comment

Island businessman guilty of £196,000 tax fraud through BVI and Guernsey trusts

After an eight-day trial at the UK Portsmouth Crown Court, an Island businessman of Sudan origin Mohamed Ahmed Elobeid is found guilty of not paying the largest part of taxes from his £400,000 profit, by setting up BVI offshore trust … Continue reading

Posted in BVI Companies, Court decisions, Investigation, Money Laundering, Revenue Service, Tax fraud | Leave a comment

Crocodile Dundee accused of hiding taxes through an offshore BVI-registered company

Paul Hogan, an Australian actor known in the world as the Crocodile Dundee star has been accused of defrauding the tax office, by borrowing money from one of his offshore companies and then claiming a tax deduction of almost $1 … Continue reading

Posted in BVI Companies, Frauds, Investigation, Tax fraud | Leave a comment

Assets Recovery Agency is to recover £5.375 million in connection with offshore Trust and BVI companies affairs

The High Court of London has granted the Consent Order to the Assets Recovery Agency (ARA) to recover £5.375 million of criminal assets. This order was the result of an agreed settlement between the Agency and John Szepietowski, Susan Ann … Continue reading

Posted in BVI Companies, Drug trafficking, Frauds, Money Laundering, Tax fraud | Leave a comment