April 28, 2016
Tax whistleblower protection provisions in Senate bill could be boon for IRS program
UPDATE: The Taxpayer Protection Act of 2016 was enacted and includes anti-retaliation protection for tax whistleblowers and requirements for improved communication between the IRS and whistleblowers. April...
Posted In Resources
February 12, 2016
The IRS is slowly killing its whistleblower program
The IRS Whistleblower Office released its 2015 report to Congress this week, which showed that the whistleblower program remains in need of critical changes. A drop of 17 percent in the number of whistleblower...
Posted In Resources
February 08, 2016
Swiss bank Julius Baer’s tactics for US tax evasion: Obfuscate (‘never lie’) and carry a tennis racket
Swiss Bank Julius Baer agreed to pay a $547 million fine for helping U.S. taxpayers hide billions of dollars in offshore accounts, the Department of Justice announced Thursday. At the peak of the scheme...
Posted In Resources
January 07, 2016
IRS whistleblower program is one of the agency’s “most serious problems,” report says
Yet another report has come out detailing the failures of the IRS Whistleblower program, this time coming from a unit within the IRS itself. The National Taxpayer Advocate, an independent organization...
Posted In Resources
May 08, 2015
Treasury Dept. holds virtual currency exchanger to same standards as banks
In recent years, traditional financial institutions such as HSBC and BNP Paribas have been subject to multi-billion dollar fines for allegedly violating money-laundering standards. Now the US Treasury...
Posted In Resources
April 20, 2015
DC Whistleblower Case Against Chartwells’ School Food Program – Documents
Chartwells settled a whistleblower lawsuit involving management of school meal programs in Washington, DC, for $19.4 million in June 2015. Below are the whistleblower complaint, settlement agreement, other...
August 06, 2014
The SEC’s Secret Enforcement Weapon: Whistleblowers
GPs should take seriously the threat of whistleblower action on any questionable practices, writes Phillips & Cohen partner Stephen Hasegawa in “Private Funds Management.” PUBLISHED: 06...
December 23, 2013
IRS whistleblower reward of nearly $20 million goes to P&C client
WASHINGTON, DC – The Internal Revenue Service has made a whistleblower reward to a client of Phillips & Cohen totaling nearly $20 million for whistleblower claims that exposed a number of abusive...
Posted In Phillips & Cohen News, Resources
April 24, 2008
Whistleblower Lawsuit Exposes Illegal Cancer Drug Scheme
WASHINGTON, DC – A whistleblower lawsuit, brought by Phillips & Cohen, has exposed an illegal scheme where doctors have purchased illegally imported cancer drugs as a way to cut their costs and...
July 14, 2006
Mario Gabelli, affiliates Pay $130M to settle whistleblower case
Gabelli, affiliates settle fraud suit for $130 million By Paul Davies The Wall Street Journal, July 14, 2006 NEW YORK — Money manager Mario Gabelli and his affiliated companies agreed to pay $130...