Gregg A. Kaminsky, CEO of Atlanta-based Circlenet LLC, will serve four months in federal prison for willfully failing to file a Foreign Bank Account Report with the Treasury Department in concealing income and assets in accounts in Switzerland, Hong Kong, and Thailand, as well as his failure to report certain income earned in the virtual…
UBS whistleblower Bradley Birkenfeld who assisted the U.S. in its successful prosecution of Swiss bank UBS AG for aiding U.S. citizens to commit tax evasion, has been asked to assist France with a similar investigation. Mr. Birkenfeld will travel to Paris to comply with a French subpoena requiring him to testify against UBS AG. French…
Combined with Payments to Regulators, Commerzbank to Pay $1.45 Billion Commerzbank AG, a global financial institution headquartered in Frankfurt, Germany, and its U.S. branch, Commerzbank AG New York Branch (Commerz New York), have agreed to forfeit $563 million, pay a $79 million fine and enter into a deferred prosecution agreement with the Justice Department for…
