Tax fraud

The Internal Revenue Service's Criminal Investigation unit has a new initiative for engaging with financial institutions to uncover tax and financial fraud.

Prosecutors claim Dan Rotta, 77, hid more than $20 million from the IRS, using "pseudonyms, complicated corporate structures, and nominees" to conceal offshore assets and income.

JPMorgan Chase's Frankfurt offices are being raided by Cologne prosecutors as part of their vast probe into the Cum-Ex scandal that robbed tax payers of billions of euros.

A proposal still in the early stages to have banks report on customers’ account activity to help the government nab tax evaders is being panned by the industry as overly burdensome and a privacy threat.

A former employee from a New York credit union pleaded guilty to theft and tax evasion while another was accused of falsifying records.

Victor Karpiak stepped down as CEO of First Financial in 2013 after years of wrangling with a prominent activist investor.

Congressional investigations are often rushed affairs that fail to dig beneath the surface. But the hiring of a veteran investigator who has tangled with Deutsche in the past suggests that this politically charged inquiry is likely to be thorough.

Loans to house flippers dropped 11% in the third quarter, indicating "possible turbulence;" the German bank may have allowed some clients to claim tax credits on stock they didn't own.

The Swiss banking giant has been accused of helping wealthy French clients hide assets from tax authorities.

Credit Suisse, the second-largest Swiss wealth manager, faces a sweeping tax evasion and money laundering investigation spanning five countries and potentially involving thousands of account holders.