Search Results for: law
UK: New Year brings in new penalties for enablers of offshore tax evasion
January 3rd, 2017
Accountants, bankers, lawyers and other advisors who enable offshore tax evasion will face tough new sanctions from today (1 January 2017). The new powers will see individuals or corporates who take deliberate action to help others evade paying tax ...
Legal Sparring Continues in Bitcoin User’s Battle with IRS Tax Sweep
January 3rd, 2017
In a strange twist, Coindesk reports that the IRS has, somewhat indirectly, removed one target from its broad request for data about U.S. users of the Bitcoin exchange Coinbase. It no longer wants data about Jeffrey Berns, a lawyer ...
Drifting into fascism
December 30th, 2016
Most people regard governments and their central banks as forces for the good. Financial crises and suchlike are therefore blamed on capitalism, and people believe our leaders do their best to pick up the pieces from market failures, because ...
When Assets (Such as Real Estate) Become Liabilities
December 29th, 2016
It will be the middle class that accepted the notion that “real estate is the foundation of family wealth” that will be stripmined by higher taxes on immobile assets such as real estate. Correspondent Joel M. submitted an article ...
Individual charged for soliciting at least $906,000 in a Forex fraud
December 29th, 2016
The U.S. Commodity Futures Trading Commission (CFTC) filed a civil enforcement action in the U.S. District Court for the Southern District of New York, charging Brett G. Hartshorn of Sarasota, Florida, with fraudulently soliciting and/or managing at least $906,000 ...
Solicitors fined and suspended over role in investment scheme
December 28th, 2016
Three solicitors who became embroiled in a investment scheme in which there was a ‘significant risk of conflict’ have been suspended and ordered to pay more than £60,000 in costs. Michael John Davies, Clare Louise Taman and Charles Valentine Fraser-Macnamara ...
CySec decided to impose a €100.000 administrative fine to a Cyprus Investment Firm
December 27th, 2016
The Board of the Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform the public that, at the meeting held on 28 November 2016, it decided to impose a total administrative fine of €100.000 to CIF ...
PayPal Files Copyright Suit Against India’s Digital Payment Provider Paytm
December 25th, 2016
In what many are calling a tactical move to stymie a competitor, PayPal has pushed forward on a copyright suit against Paytm, a leading digital payment service in India. Back in November, US-based ewallet service PayPal lodged the complaint ...
Barclays Bank sued for mortgage securities fraud
December 24th, 2016
The United States Department of Justice today filed a civil complaint in the Eastern District of New York against Barclays Bank PLC and several of its United States affiliates (together, Barclays), alleging that Barclays engaged in a fraudulent scheme ...
CBOE close the acquisition of Bats; announces changes in Board Leadership
December 23rd, 2016
Edward Tilly to Take on Role of Both Chairman and CEO Chairman William Brodsky to Step Down After Nearly 20 Years at CBOE CBOE Holdings, Inc. (NASDAQ: CBOE) announced today that William J. Brodsky, Susan M. Phillips and R. ...
