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Student Sues Parents for College Money, Wins

A New Jersey superior court sided with a 21-year-old student who filed a lawsuit against her parents to compel them to pay her college tuition, according to the Philadelphia Inquirer. As a result, the...

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New York Rep. to Plead Guilty to Tax Fraud

After a federal investigation back in April 2014, Rep. Michael Grimm of Staten Island, New York is slated to plead guilty to a 20-count federal indictment, claiming that the Republican Congressman...

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N.Y. Representative to Resign from House after Guilty Plea

Last week, we blogged about Rep. Michael Grimm of Staten Island, New York, who was slated to plead guilty to a 20-count federal indictment. At that time, it was not known whether Grimm would keep his...

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PWC Leaker Faces Up to 10 Years

 A former PricewaterhouseCoopers employee, Antoine Deltour, faces up to 10 years in prison for leaking confidential documents showing how his former employer negotiated deals to let multinational...

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One in Five Hide Large Purchases From Spouse

 A recent survey of 1,000 adults has found that a sizeable portion of married Americans aren't 100 percent honest with their spouses over their finances, according to CNN Money. The poll, conducted by...

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Study: Compensation Clawbacks Could Increase Risk of Accounting Manipulation

 While the provision of the Dodd-Frank Act that allowed clawbacks of incentive compensation for executives was intended to stop one type of earnings management, it may also inadvertently encourage...

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Second ex-PWC Employee Charged in Luxembourg Tax Leak

A second former PWC employee is now facing charges in Luxembourg in connection with a massive leak that exposed deals orchaestrated by the Big Four firm to allow multinational corporations to set up...

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UBS Probed Again Over Tax Evasion Claims

 Banking giant UBS, which just a few years ago had settled with the IRS over allegations it was actively helping Americans commit tax evasion, is in hot water again, this time over an alleged scheme...

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Should Internal Fraud Be an Internal Matter?

 When an employee steals from their company, the business is much more likely to simply handle the matter internally and shove them out the door than go to law enforcement, something that an article in...

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Almost 67,000 Dead People Still Filing for Social Security Benefits

 Nearly 67,000 dead people filed for Social Security benefits between 2006 to 2011, claiming a collective $3.1 billion in income, according to CNBC. How does the government know they're dead? Number...

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White Collar Criminals In Utah to be Registered in Database

 Utah has implemented the first, and so far only, white collar criminal registry, allowing anyone to view Utahans convicted of financial crimes like embezzlement or fraud, according to the New York...

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Bloomberg: Little Connection Between Tech Company Valuations, Actual Value

 When tech startups gain traction, it's not impossible that they will be valued at billions upon billions of dollars, despite a lack of any demonstration of the company's ability to turn a profit or...

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Court Rules War Tax Protest Still Frivolous

The Ninth Circuit Court has ruled against a woman--a member of the National War Tax Resistance Coordinating Committee--who felt that the practice of sending the IRS an honest return but subtracting...

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