World Economy
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Tax Fraud

Tax FraudTax Fraud

Deutsche Bank allegedly set up three shell companies to avoid paying millions of dollars in federal taxes, according to a lawsuit filed Monday by the top federal prosecutor in Manhattan. U.S. Attorney Preet Bharara seeks to recover $190 million in taxes, penalties and interest, CNN Money reported. Deutsche Bank allegedly orchestrated the tax scheme in the spring of 2000.

 

Financialtribune.com