Client Alert: White House Issues First-Ever Executive Order on Crytpocurrency
On March 9, 2022, President Biden signed a highly-anticipated Executive Order on cryptocurrency (titled “Ensuring Responsible Development of Digital Assets”). […]
The highest-paid whistleblower in American history wants to leave the country—but first, he has to get off probation.
The IRS paid Swiss bank whistleblower Bradley Birkenfeld a $104 million reward in 2012 and praised his “exceptional cooperation” in helping expose widespread tax fraud by wealthy Americans.
It was a landmark case that broke the back of Swiss bank secrecy, and led directly to the Swiss bank UBS—Birkenfeld’s former employer—paying a $780 million fine to the U.S. government. Information Birkenfeld provided to the government also made it possible for the IRS to collect billions in back taxes and penalties from Americans who had hidden money in undeclared bank accounts in Switzerland.