Probably the only person to ever have actually gotten rich off Beanie Babies isn’t exactly relaxing on piles of money or swimming in his vault of gold coins anytime soon, but Ty Warner, the billionaire of the plush toys did get to escape jail time after a U.S. Court of Appeals upheld the probation sentence handed down to him after he was convicted of tax evasion. [More]
Samsung Sues Journalist For Satirically Pointing Out That Its Chairman Keeps Getting Convicted Of Crimes
Did you know that the chairman of Samsung, Lee Kun-hee, was convicted in 2008 for tax evasion in South Korea? Or that he was convicted in the 90s for bribing politicians? A British journalist, Michael Breen, wrote a satirical column in a South Korean newspaper last December, and now the electronics giant is suing him for libel. If found guilty, Breen could face jail time. [More]
A woman named Ullja Kuntze was booted from Etsy after word got around that she was buying handmade beads and reselling them as her own. Her original Etsy pages read, “All my beads are made by me in my private glass studio in Milan Italy.” Kuntze was actually doing business from Waco, Texas, and now that legitimate beadmakers have gotten her kicked off of Etsy and Artfire, she’s trying to get their own websites shut down under false spam accusations, and/or get them investigated by the IRS for tax fraud.
Recently, we told you that Senator Levin recommended that the UBS not patronize American citizens who are trying to evade taxes. His wish has come true–UBS has announced plans to close the Swiss bank accounts of such American customers and will lift the cloak of anonymity which has protected its customers for centuries. Details, inside..
In a blatant maneuver to put the “scur” into tax evaders, the Justice Department is seeking a court order against a Michigan couple promoting what the government says is the number one tax dodge scheme in America.