Tag Archives: offshore accounts


Ill. fund manager linked to Petters ordered freed

July 16, 2009 : Permalink

West Central Tribune – A federal magistrate judge ordered the release on bail Wednesday of an Illinois hedge fund manager who allegedly helped Minnesota businessman Tom Petters orchestrate what prosecutors call a $3.5 billion Ponzi scheme. Prosecutors tried to persuade […]

IRS Offers Deal to Tax Evaders

March 27, 2009 : Permalink

New York (HedgeCo.Net) – Wealthy Americans who have been hoarding cash overseas and failing to pay Uncle Sam are getting a break, as the Internal Revenue Service unveils a plan that will greatly reduce their penalties. The idea comes a […]

Bills by Baucus and Levin Could Mean Tighter Leash for Hedge Funds

March 16, 2009 : Permalink

New York (HedgeCo.Net) – Senate Finance Committee Chairman Max Baucus has introduced a new bill aimed at halting offshore tax evasion by U.S. companies.     The new bill is in response to Senator Levin’s “Stop Tax Haven Abuse Act,” which […]

UBS, Stanford Propel Offshore Crackdown

February 25, 2009 : Permalink

New York (HedgeCo.Net) – A federal judge has set a July 13 hearing for UBS, in which they may be forced to disclose names associated with 52,000 secret Swiss bank accounts holding more than $14.8 billion in assets.  UBS continues […]