• Whistleblower Voices
  • Qui Tam
  • SEC
  • CFTC
  • FCPA
  • Whistleblowers Handbook
  • FAQS
Subscribe
Donate
No Result
View All Result
Whistleblower Network News
The Truth at Any Cost.
Qui Tam, Compliance and Anti-Corruption News.
Whistleblower Network News
  • Whistleblower Voices
  • Qui Tam
  • SEC
  • CFTC
  • FCPA
  • Whistleblowers Handbook
  • FAQS
Subscribe
Donate
No Result
View All Result
Whistleblower Network News
No Result
View All Result
Home Corporate IRS & Tax

Israeli Bank Hit with Massive Penalty for Tax Evasion

Ben KostyackbyBen Kostyack
May 6, 2020
in IRS & Tax, News
Reading Time: 2 mins read
Israeli Bank Hit with Massive Penalty for Tax Evasion
Share on TwitterShare on FacebookShare on LinkedInEmail

An article published by SwissInfo on Friday reports that Israeli bank Hapoalim has been fined nearly $875 million by the U.S., one of the largest penalties imposed by the U.S. in tax evasion probing history.

According to SwissInfo, the bank hid $7.6 billion of undeclared assets in Swiss and Israeli accounts. The bank was fined an additional $30 million by the Department of Justice (DOJ) for laundering bribes related to corruption at FIFA.

“Swiss banks, including branches of foreign banks in Switzerland, have been under investigation by the DOJ since UBS was fined $780 million in 2009 for assisting tax evaders. The probe, which involved around 100 banks, led to the end of banking secrecy in Switzerland.”

Read the story from SwissInfo: Israeli bank hit with $900m tax evasion and football kickback penalties

Tax evasion whistleblower Bradley Birkenfeld, recipient of the largest individual whistleblower reward, was recently featured in a story published by Full Measure.

In the Full Measure video, Birkenfeld explains how he destroyed Swiss bank secrecy by exposing illegal offshore accounts held by wealthy Americans.

Birkenfeld’s disclosures led to the IRS Whistleblower Program granting him a reward of $104 million.

Watch the video: Unfinished Business: The Whistleblower.

Protect Yourself: Purchase the New Whistleblower Handbook Protect Yourself: Purchase the New Whistleblower Handbook Protect Yourself: Purchase the New Whistleblower Handbook
Tags: IRS & TaxIRS WhistleblowerTax FraudWhistleblower Rewards
Previous Post

Court Issues $69.6 Million Judgement in Qui Tam False Claims Act Whistleblower Case

Next Post

Global Anti-Fraud Professionals Say Whistleblower Suppression Helps Spread Coronavirus

Ben Kostyack

Ben Kostyack

Ben Kostyack is an Assistant News Editor for Whistleblower Network News. He writes about breaking whistleblower news, and False Claims Act whistleblowers, SEC whistleblowers, IRS whistleblowers, FCPA whistleblowers, and CFTC whistleblowers. Ben has a degree in Journalism with a minor in Economics from the University of Massachusetts Amherst. He was a communications intern at the whistleblower law firm Kohn, Kohn and Colapinto during the summer of 2018.

Next Post
Global Anti-Fraud Professionals Say Whistleblower Suppression Helps Spread Coronavirus

Global Anti-Fraud Professionals Say Whistleblower Suppression Helps Spread Coronavirus

Write a Letter to The Editor.

Receive Daily Alerts

Subscribe to receive daily breaking news and legislative developments sent to your inbox.

  • This field is for validation purposes and should be left unchanged.

Most Popular

Congressmembers Reintroduce Espionage Act Reform Act; Bill Would Bolster Protections for Journalists, Expand Reporting Options for Whistleblowers

Congressional Filing Defends SEC Whistleblower Program from Recent Attacks

Skilled Nursing and Long-Term Care Provider To Pay Over $5 Million to Settle Allegations of FCA Violations

Boston Scientific Whistleblower Alleges FCPA Violations

“I would never have believed that this sort of stuff was going on in the banking sector.” — WNN Exclusive Interview with Jeff Morris

Research Points to Gender Disparities in Whistleblower Retaliation

Whistleblower Poll

Whistleblower Poll
Whistleblower Poll

Exclusive Marist Poll: Overwhelming Public Support Among Likely Voters For Increased Whistleblower Protections

byGeoff Schweller
October 6, 2020

ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

STAY INFORMED.
Subscribe to receive breaking whistleblower updates.

  • This field is for validation purposes and should be left unchanged.

About Us

  • About
  • Contact Us
  • Donate
  • Careers

Subscribe

  • Daily Mail
  • Follow us on Twitter
  • YouTube Channel

Contribute

  • Letter to the Editor
  • Submission Guidelines
  • Reprint Guidelines

Your Experience

  • Accessibility Statement
  • Privacy Policy
  • Terms of Use

Help

  • The Whistleblowers Handbook
  • Frequently Asked Questions
  • Advertise
Whistleblower Network News

Whistleblower Network News is an independent online newspaper providing our readers with up-to-date information on whistleblowing. Our goal is to be the best source of information on important qui tam, anti-corruption, compliance, and whistleblower law developments. 

Submit an Article

Copyright © 2021, Whistleblower Network News. All Rights Reserved.

This Newspaper/Web Site is made available by the publisher for educational purposes only as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this website, you understand that there is no attorney-client relationship between you and the Newspaper/Web Site publisher. The Newspaper/Web Site should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.

No Result
View All Result
  • Exclusives
  • Government
    • False Claims-Qui Tam
    • Federal Employees
    • Intelligence
  • Corporate
    • CFTC & Commodities
    • Dodd-Frank
    • IRS & Tax
    • SEC & Securities
  • Features
  • Legislation
  • International
    • Foreign Corruption
  • Rewards
  • Whistleblower of the Week
  • Environment & Climate
  • Opinion
  • Editorial
  • Employment
    • Sarbanes-Oxley Whistleblowers
    • Retaliation
    • OSHA
  • Media
    • Podcasts
    • Videos
    • Webinars
    • National Whistleblower Day
  • Whistleblower Poll
  • Whistleblower Resources
    • Frequently Asked Questions
    • The New Whistleblowers Handbook
  • National Whistleblower Day ’22

Copyright © 2020, Whistleblower Network News. All Rights Reserved.

Become a Whistleblower Network News Subscriber

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Subscribe to WNN

Retrieve your password

Please enter your username or email address to reset your password.

Subscribe to WNN
Get Whistleblower Network News Mail
Subscribe
Free Sign-up!
close-image

Add New Playlist

Go to mobile version