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Allegations of Continuing Misconduct Against A Supposedly Chastened Credit Suisse (3/14/21)

The New York Time has this article:  Katie Benner and Michael Forsythe,
Whistle-Blower Says Credit Suisse Helped Clients Skip Taxes After Promising to
Stop
(NYT 3/13/21), here, reporting allegations for continuing misconduct after
the 2014 plea agreement.  See Credit
Suisse Pleads to One Count of Conspiracy to Aiding and Assisting
(Federal Tax Crimes Blog 5/19/14;
5/20/14), here, and Credit Suisse is Sentenced: Is It just a Wrist Slapping
(Harder than UBS But Is It Enough)?
(Federal Tax Crimes Blog 11/21/14), here.

The whistleblower started making the allegations even before
the Credit Suisse plea agreement and has continued making allegations of
misconduct after.  The whistleblower’s
attorney, Jeffrey Neiman (web page here), alleges that his clients has names of
U.S. persons whom Credit Suisse continued to assist in cheating on U.S. tax and
is submitting information to the IRS’s Whistleblower Office.  According to the article, earlier submissions
by this whistleblower led to the conviction of Dan Horsky, whose conviction and
sentencing I reported earlier.  See Horsky
is Sentenced for Major Offshore Accounts
(2/11/17; 2/12/17), here.

As readers know, there are substantial potential rewards for
whistleblowers (15-30% of collected proceeds which includes FBAR
penalties).  See § 7623(b), here. For Horsky alone his tax
exceeded $18 and FBAR penalty was $100 million. 
See Former Business Professor Pleads Guilty to Tax Related Crimes; In
Addition, Will Pay $100 Million FBAR Penalty
(Federal Tax Crimes Blog 11/4/16; 11/9/16), here.  So, if the whistleblower received an award
for that, he would have gotten at least 15% of that amount and perhaps more up
to 30%.  And, apparently, the whistleblower
is not claiming more whistleblower awards.

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