Businesses Caught in Tax Evasion Report

FORTUNE — Credit Suisse CS is expected to plead guilty to a charge of conspiring to aid tax evasion as part of a settlement with the U.S. Department of Justice.

A guilty plea from the bank would be the first time a major financial institution has admitted a crime in more than a decade, according to The Wall Street Journal, and it comes as the Justice Department takes a more aggressive approach to supervising Wall Street.

U.S. Attorney General Eric Holder is expected to hold a press event later Monday to outline the case. The Justice Department filed a criminal charge against the company earlier in the day. Credit Suisse has been in negotiations with the government regarding these charges.

In addition to the guilty plea, Credit Suisse is expected to pay about $2.6 billion in penalties and hire an independent monitor for up to two years…

More at Credit Suisse expected to plead guilty to aiding tax evasion – Fortune

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PROVIDENCE, R.I. (AP) — The owner of a North Smithfield construction company has pleaded guilty to participating in a conspiracy to defraud the federal government by evading more than $1 million in taxes.

The U.S. attorney’s office said Monday 49-year-old Paul Pytko pleaded guilty to one count each of conspiracy to defraud the U.S. by evading taxes and tax evasion.

More at Business owner pleads guilty to tax evasion | wpri.com

FRESNO, Calif. (KBAK/KBFX) — The Bakersfield-based owner of Catholic Online has been charged with tax evasion.

Michael Galloway, 59, was indicted last week by a grand jury and arraigned Thursday in federal court in Bakersfield, according to the U.S. Attorney’s Office in Fresno.

Eyewitness News has previously investigated alleged business fraud and employee mistreatment by Galloway. His website, Catholic.org, generates revenue by with advertising and hosting for faith-based businesses.

An IRS investigation found that Galloway allegedly improperly deducted personal expenses as business expenses, as well as under-reporting his income….

More at Bakersfield owner of Catholic Online accused of tax evasion …

Restaurant owner admits to tax evasion

Votsis, according to Assistant U.S. Attorney John J. Field, learned of a pending audit of his sales taxes in 2009 and directed sales data contained in Rookies’ point-of-sale computer system be deleted. The data, later recovered by the government, showed Votsis failed to report $986,660 in income from his Rookies business from 2006 through 2008. By concealing such income, the defendant evaded paying $308,062 in taxes that he owed to the Internal Revenue Service….

More at Restaurant owner admits to tax evasion | NY Daily Record

Doctor Pleads Guilty to Tax Evasion

Dr. Michael N. Mangold pleaded guilty to tax evasion and making false statements today in the U.S. District Court for the Eastern District of Wisconsin, announced the Justice Department and Internal Revenue Service (IRS).  Mangold was indicted in October 2012.

According to court documents, Mangold was a medical doctor specializing in emergency medicine and urgent care who, since 1993, had worked as a physician for various hospitals, emergency rooms and urgent care facilities.  At times, he also worked as a physician in state and county correctional facilities.  Mangold primarily earned income through a combination of employee wages and independent contractor payments.

In his plea agreement, Mangold admitted that from 1997 through 2007, he willfully concealed his income by filing false tax returns and making frivolous legal arguments to the IRS with regard to his overall tax liabilities.  Mangold further admitted that he made false statements to the civil and criminal-side of the IRS during the investigation.  In total, Mangold owed the IRS approximately $191,577 in taxes based on his income and wages during the relevant calendar years, plus interest.

Mangold also admitted that he made materially false statements in the course of a civil lawsuit concerning his failure to repay federal loan obligations by submitting a false financial affidavit to government officials, which contained false statements about the amount of income he earned as a doctor.

As a result of his plea, Mangold faces a maximum sentence of 10 years in prison and a $350,000 fine. Get help and learn more here.

More at USDOJ: Doctor Pleads Guilty to Tax Evasion – Department of Justice

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