Tax

An offshore insurer whose directors include former Chairman of the Cayman Islands Monetary Authority Michael Austin may have been used to help an American family worth billions of dollars break U. S. tax, securities and money laundering laws.The allegations were

An offshore insurer whose directors include former Chairman of the Cayman Islands Monetary Authority Michael Austin may have been used to help an American family worth billions of dollars break U. S. tax, securities and money laundering laws.The allegations were made in a report entitled “Tax Haven Abuses: The Enablers, The Tools and Secrecy” that was published by the U. S. Senate Permanent Subcommittee on Investigations on August 1, 2006.

An offshore financial services group that wound down its Bahamas-based business following legal action by the United States Government has resurfaced in Panama and England under a new name.Prosper International League Limited, widely known as PILL, has dismantled its web-site at www.pill.net and morphed into Alliance Asset Management, which has a site at www.allianceasset.com.

Article based on an application to collect evidence for a criminal investigation into alleged tax fraud by Clifford Siegel - pursuant to a request for judicial assistance from Canada - that was filed at federal court in the USA on July 31, 2006.

Article based on an application to collect evidence for a criminal investigation into alleged smuggling and tax evasion - pursuant to a request for judicial assistance - that was filed at federal court in the USA on July 26, 2006. Individuals and businesses mentioned in the request for assistance include Santana B. Ltd., Santana M Ltd., Santana R Ltd., Mirabel Ltd., Atlantic Impex Ltd., Moris Management Ltd., Clare Mont Ltd., Japonica LLC, Rainford Corporation, Bremex LLC, James Mukans, Igors Kobzevs, and Vladimirs Smelovs.  

Article based on an application to collect evidence for a criminal investigation into alleged money laundering and tax fraud - pursuant to a request for judicial assistance from Spain - that was filed at federal court in the USA on July 27, 2006. Individuals and businesses mentioned in the request for assistance include Salvador Llinas Bauza, Worldwide Financial Trade Ltd., Premier Trade International Inc., and Incorporating Services Inc.

Article based on an application to collect evidence for a criminal investigation into alleged tax fraud - pursuant to a request for judicial assistance from the Ukraine - that was filed at federal court in the USA on July 27, 2006. Individuals and businesses mentioned in the request for assistance include AP Financing (DE) Co. Ltd., Trendmax LLC, Paritex Investments LLC, Otworld Management Ltd., Sergii Kolesnykov, Yu. G. Pysarenko, Dostup-112 RG St., Latvian Ekonomic Commercial Bank, a.k.a. Lateko Bank; Magyar Kulkereskedelmi Bank Rt., Krona-Dyzayn Ltd., Ukrainska Tyutyunova Companiya OJSC, Tekhagroservis Ltd., and Agrostrom-Kyiv Ltd.

The Bank of Bermuda was a “key financial institution” in a scheme that allowed the billionaire founders of Bermuda-based life reinsurer Scottish Re Group Ltd. to avoid tens of millions of dollars in taxes and possibly break securities and anti-money laundering laws in the United States, it has been claimed.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Canada into alleged tax fraud by Clifford Siegel.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Ukraine into Dostup-112 RGL St. for alleged tax and customs fraud.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Spain into Salvador Llinas Bauza for alleged tax fraud and money laundering.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Latvia into Vladimirs Smelovs, Igors Kobzevs and Janis Mukans for alleged smuggling and tax evasion involving Santana M Ltd., Santana B Ltd. and other companies.

A United States national who was convicted of tax evasion-related offenses as recently as June 30th, 2006 is secretly involved with a Nevis-based trust company, OffshoreAlert can reveal. Until a few weeks ago, Charles Sigerseth, 66, of Missoula, Montana, was listed as the registrant for the domain name ‘guardiantrustcompany.com', which links to the web-site for Guardian Trust Company Ltd. 

A trust promoter with a history of involvement in fraudulent offshore investment schemes has been sentenced to seven years in prison in the United States.Dennis Poseley, a former resident of Phoenix, Arizona, was also fined $175,000 at his sentencing at the U. S. District Court for the District of Arizona on June 29, 2006.

Fifty-six beneficiaries of offshore insurance policies have accused well-known asset protection attorney Denis Kleinfeld and three alleged associates of defrauding them of $11 million in an offshore insurance scheme.

An obscure British Virgin Islands reinsurer is being sued in the United States by the Trustee of a retirement plan that claims to have been damaged by at least $1 million in a failed tax avoidance scheme.

Article based on an application to collect evidence for a criminal investigation into alleged tax fraud - pursuant to a request for judicial assistance from Russia - that was filed at the federal court in the USA on May 9, 2006. Individuals and businesses mentioned in the request for assistance include Decor Trade Ltd., West Valley Technology LLC, Alvers-Trade LLC, Solis-Trade LLC, Zavod Stella LLC, Zavod Stella JSC Production Association, Steltron LLC, Ecomet Company LLC, Travel Servis LLC, Edict Closed JSC, Diatens LLC, Dalmet LLC, Privatservis, Deutsche Bank Trust Company Americas, and Lateko Bank.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Russia into Decor Trade Ltd. for suspected involvement in tax fraud.

Ukraine has requested information about a Delaware registered company as part of a criminal investigation into alleged customs fraud. Details are contained in an application for the appointment of a Commissioner to collect evidence - pursuant to a request for

Article based on an application for the appointment of a Commissioner to collect evidence for a criminal investigation into alleged tax fraud - pursuant to a request for judicial assistance from Russia - that was filed at federal court in the USA on March 28, 2006. Individuals and businesses mentioned in the request for assistance include Johnson Industries Ltd., Mart LLC, Anglomark Corporation Ltd., Bill Morgan, and Aleksandr Vitalyevitch Shnir.

Article based on an application for the appointment of a Commissioner to collect evidence for a criminal investigation into alleged customs fraud - pursuant to a request for judicial assistance from Russia - that was filed at federal court in the USA on April 5, 2006. Businesses mentioned in the request include Rochdale LLC, Iled-M LLC, Dixis Trading LLC, Severen.N LLC, Beta-Link LLC, Ultrastar LLC, Orton Trinity LLC, Stroycomplect LLC, Russtroy LLC, Mega Aliance LLC, Alternativa M LLC, MS Farm LLC, Stroygarant LLC, Stroydvor LLC, Remdorproyekt LLC, Metal ST LLC, Impex Avto LLC, Stroykomplekt LLC, Eromark-Inter LLC, Eurolog LLC, Marko-Market LLC, NVP Bolid LLC, SK Senator LLC, Shindler LLC, Vintars LLC, Korporatsia Eti-Sviaztekhnologii LLC, ICB Korund-M LLC, Nestle Food LLC, Linzmaster LLC, Snabexpo LLC, Pragmatik LLC, Mosavto LLC, Kordeli LLC, Dzhii-Vniizm LLC, Amtrade LLC, Esfer LLC, Grand Vision LLC, Rial City LLC, Evroset LLC, and Antares LLC.  

Article based on an application for the appointment of a Commissioner to collect evidence for a criminal investigation into alleged tax fraud - pursuant to a request for judicial assistance from Russia - that was filed at federal court in the USA on April 5, 2006. Individuals and businesses mentioned in the request for assistance include SeaSice Int'l Company, Olympia LLC, Byktomtorg LLC, MKT Sphera LLC, Agroapgade JSC, Feit LLC, Yaroslavl, AV Bondarenko, East Bridge Bank, Robert Bauman,  East-West Services Inc., Pushkino, and Lateko Bank.

Article based on an application for the appointment of a Commissioner to collect evidence for a criminal investigation into alleged tax evasion - pursuant to a request for judicial assistance from Poland - that was filed at federal court in the USA on March 30, 2006. Individuals and businesses mentioned in the request for assistance include Witoil SZO, Columbus Universal Limited, Uni Trading LLC, Deutsche Bank Trust Company Americas, Parex Bank, Robert Tomasz Witczak, Igor Krywczenko, Przedsiebiorstwo Spedycyjne Trade Trans, Ireneusz Gliszczynski, HDP Spolka, Emil Fuksiewicz, Adam Grom, Rafal Firkowski, Witold Farfara, and Gromoslaw Czempinski.

Article based on an application for the appointment of a Commissioner to collect evidence for a criminal investigation into alleged customs fraud - pursuant to a request for judicial assistance from Russia - that was filed at federal court in the USA on March 28, 2006. Individuals and businesses mentioned in the request for assistance include Ontario Transit LLC, Inex-NN LLC, and Kokina Raisa Stepanovna.

Article based on an application for the appointment of a Commissioner to collect evidence for a criminal investigation into alleged tax fraud and money laundering - pursuant to a request for judicial assistance from Poland - that was filed at federal court in the USA on March 31, 2006. Individuals and businesses mentioned in the request for assistance include Leszek Zyga, Dariusz Klimasz, Robert Jachymczak, Henryk Lewandowski, Marek Gronkowski, Tomasz Serafin, Andriy Persona-Kononenko, Lemark LLC, Trzebinia Refinery Plc, Jedlicze Refinery Plc, Center for Development Research of the Refinery Industry, Konsorcjum Victoria Plc, Malopolskie Centrum Finansowe LLC, Raiffeisen Bank, ALC LLC, Atrium House LLC, Interpro Inc., Financial-Industrial Company LLC, Lukoil, Parex Bank, Aquatrans LC, Carol Transport Limited Company, Levind Trade LLC, Bank Przemyslowo-Handlowy, and Przedsiebiorstwo Handlowo-Uslugowe Lemark LLC.

Offshore corporations in Anguilla, the Bahamas and St. Lucia, including one operating as a bank, have been implicated in an alleged conspiracy to defraud the United States Government of tax revenue.Details are contained in an indictment against four individuals, including one who is both a former U. S. Attorney and state court judge, that was brought at the U. S. District Court for the Western District of North Carolina on April 4, 2006 and unsealed on April 18.

Joint Sentencing Memorandum in USA v. Gary Bentz at the U. S. District Court for the Southern District of Ohio.

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Russia by Eduard Rebgun, as the Foreign Representative of Yukos Oil Company, a.k.a. OAO NK Yukos, at the U. S. Bankruptcy Court for the Southern District of New York.

Clients of a California-based firm that specializes in selling offshore banks, insurers and trusts to private individuals are under criminal investigation in the United States, according to a court filing.Details are contained in a complaint to quash IRS subpoenas that was filed by Worldwide Business Consultants, which is headquartered in Manhattan Beach, California, and claims to have an office in Switzerland; and its two principals, Patrick J. Kish, and Jeffrey H. Corbett, both residents of Los Angeles County, California, against IRS Commissioner Mark W. Everson at the U. S. District Court for the Central District of California on February 14, 2006.

After failing to have his plea agreement rescinded, entrepreneur 59-year-old Terry L. Neal has been sentenced to five years in prison for his role in an offshore tax fraud scheme.Neal, who previously pleaded guilty to one count of conspiracy to defraud the United States, was also fined $50,000 and given three years of supervised release during his sentencing at the U. S. District Court for the District of Oregon on March 21, 2006.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Russia into alleged customs fraud involving Dixis-Trading LLC.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Ukraine into alleged smuggling.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Poland into Leszek Zyga, Dariusz Klimasz, Robert Jachymczak, Henryk Lewandowski, Marek Gronkowski, Tomasz Serafin and others for alleged tax fraud.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Brazil into suspected money laundering and other financial crimes by Joao Francisco Daniel, Laodse Denis de Abreu Duarte and Geraldo Rondon da Rocha Azevedo.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Poland into Robert Tomasz Witczak and Emil Fuksiewicz for alleged tax evasion.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Russia into alleged tax fraud involving Johnson Industries Ltd.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Ukraine into Roman Mikolayovich Karapinka for alleged tax fraud involving Semash LLC.

Nearly three out of every four offshore credit card-holders examined in 2005 as part of an IRS clampdown on tax evasion allegedly failed to pay their full taxes. That was a claim made by Revenue Agent Barbara Kallenberg after a U. S. federal judge asked for additional evidence about the extent of offshore tax evasion before later approving - on February 21, 2006 - an IRS petition to serve a “John Doe” summons on Internet money transfer firm PayPal, Inc.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Hungary into Attila Nagy for alleged tax fraud regarding the importation of motor vehicles from the USA to Hungary.

Two husband-and-wife teams who specialized in selling sham offshore tax evasion vehicles to U. S. taxpayers via the Global Prosperity Group were dealt with by the criminal courts in December.

Complaint in Borcherding Enterprises, Inc. and Kim E. Borcherding v. Heritage Advisory Group of Southern Indiana, LLC, d.b.a. Heritage Advisory Group; Professional Benefit Trust, Inc., Professional Benefit Trust, Ltd., Handler, Thayer & Duggan, LLC, PBT Administration, LLC, First Fidelity Trust Company, Ltd., Amerus Life Insurance Company, Mark Sims, Robert Brian Beall, Carey L. Sunderlage, Tracy L. Sunderlage, Rex A. Collins, and K B Parrish & Co., LLP at the U. S. District Court for the Southern District of Ohio.

Just a few weeks after losing a key court ruling that unfroze $500 million of assets, the U. S. government has dropped a civil lawsuit against several parties it suspects of helping medical professionals evade taxes. The government filed notice at the U. S. District Court for the Central District of California on December 16, 2004 that it intended to dismiss without prejudice its action against Doctors Benefit Insurance Company Ltd., of Barbados; xélan Inc,. of California, and related parties.

Article based on an application for the appointment of a Commissioner to collect evidence for a criminal investigation into alleged tax fraud - pursuant to a request for judicial assistance from Russia - that was filed at federal court in the USA on October 11, 2005. Individuals and businesses mentioned in the request for assistance include Kester Trade LLC, Belinda Lanyon, Koksokhimmontazh-Kemerovo ZAO, Vladimir Mezer, Alexander Shaposhnikov, and UAB Lietuvos Avialinijos Cargo.

The IRS has asked a U. S. federal court for permission to serve a “John Doe” summons on Internet money transfer firm PayPal Inc. as part of a clampdown on tax evasion using offshore credit and debit cards.“The records requested in the summons will identify the holders of bank accounts at, or payment cards issued by banks in, the listed jurisdictions, information which is not otherwise readily available to the Internal Revenue Service,” stated the IRS in its petition.

Application for the appointment of a Commissioner to collect evidence for a criminal investigation in Russia into Expotrans LLC for suspected involvement in tax fraud.

The Marvin M. Schwan Charitable Foundation - 2003 Tax Return

Application for the appointment of a Commissioner to collect evidence for a criminal investigation into alleged tax fraud involving Kester Trade LLC.

Article based on an application for the appointment of a Commissioner to collect evidence for a criminal investigation into alleged customs fraud - pursuant to a request for judicial assistance from Ukraine - that was filed at federal court in the USA on August 23, 2005. Individuals and businesses mentioned in the request for assistance include Braston Enterprises Corp., Antonio Merloni S.P.A.., Yuriy Kyrylovych Khrystenko, Valeriy Ladin, East Trading Company, Aljtodoprava Semerad Ales, Frantisek Volex-Adax, and Welz Internationale Spedition sro.

Article based on an application for the appointment of a Commissioner to collect evidence for a criminal investigation into alleged tax evasion - pursuant to a request for judicial assistance from Russia - that was filed at federal court in the USA on August 25, 2005.Individuals and businesses mentioned in the request for assistance include Glantrex LLC, CC Mechanization Department - 291, CC Pskovkirpich, PC Pskovavto, NA Yegorov, VN Shorokhov, and NG Lebedev.

Article based on an application for the appointment of a Commissioner to collect evidence for a criminal investigation into alleged tax fraud - pursuant to a request for judicial assistance from Ukraine - that was filed at federal court in the USA on August 23, 2005. Individuals and businesses mentioned in the request for assistance include JSC PMC-64, Gilpatrick Trade Company, William Curran, Internationales Technishes Handelshaus GmbH, PC Detroit, Sunset LLC, and Roldex Invest LLC.