Tax Informant Dodged Prison, Now Seeks $22 Million Reward

Crossed_Gavels.svgA man caught in a money-laundering sting who later helped the U.S. prosecute a foreign business is now looking for millions from the government as a reward.

The Internal Revenue Service earlier denied the claim, but this week the U.S. Tax Court ruled in favor of the informant. According to Accounting Today:

The court’s opinion doesn’t identify the business or the informant, but the $74 million penalty and other details cited in the case match the allegations in the U.S. case against Wegelin & Co. Wegelin, formerly Switzerland’s oldest bank, pleaded guilty in 2013 to helping Americans hide $1.2 billion in assets from the IRS.

Details about the informant who is seeking the reward correspond with those in a separate case involving Stefan Seuss, a German living in Florida who was indicted in 2009 in Philadelphia after agreeing to help an undercover agent hide profits from a pirated-CD business. He pleaded guilty in 2010, and his indictment says he was “associated” with Wegelin.

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