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Tag Archive for New York City

New York City Resident Pleads Guilty to Using Sham Foreign Entity to Evade Taxes

A New York City man pleaded guilty today to a criminal information charging him with tax evasion for tax years 2003 through 2005 and 2007 through 2010, announced Principal Deputy Assistant Attorney General Caroline D. Ciraolo, head of the Justice Department’s Tax Division, and U.S. Attorney Robert L. Capers of the Eastern District of New York.

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FinCEN Expands Reach of Real Estate “Geographic Targeting Orders”

William Byrnes

U.S. Title Insurers Required to Identify High-End Cash Buyers in Six Major Metropolitan Areas

The Financial Crimes Enforcement Network (FinCEN) today announced Geographic Targeting Orders (GTO) that will temporarily require U.S. title insurance companies to identify the natural persons behind shell companies used to pay “all cash” for high-end residential real estate in six major metropolitan areas.

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