President Donald Trump recently pardoned Joseph Schwartz, the operator of a multi-state nursing home chain who was convicted of a $38 million employment tax fraud scheme. Despite being sentenced to 36 months in prison and ordered to pay fines and restitution, Schwartz will now be freed after serving only three months. Schwartz’s actions involved running several Arkansas nursing homes into the ground, resulting in poor care for vulnerable residents and state takeovers of two homes. This pardon has drawn criticism, particularly from Arkansas officials like Attorney General Tim Griffin, who previously condemned Schwartz’s exploitation of Arkansans and Medicaid fraud.
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Bernard Kerik, New York City’s police commissioner during the September 11th attacks, passed away at age 69. Following his distinguished law enforcement career, Kerik pleaded guilty to tax fraud charges and served prison time before receiving a presidential pardon. His death was confirmed by the NYPD, with reports citing an undisclosed illness. Kerik’s career was marked by both significant contributions to public safety and a later period of legal and ethical challenges.
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In conclusion, President Trump pardoned Paul Walczak, a Florida healthcare executive convicted of tax fraud, three weeks after Walczak’s mother, a Republican donor, paid $1 million to attend a Mar-a-Lago fundraiser. Walczak avoided an 18-month prison sentence and $4.4 million in restitution. The close timing of the event and pardon has prompted questions regarding the President’s use of clemency powers. Walczak had admitted to misappropriating over $7 million in employee taxes for personal luxuries.
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Credit Suisse Services pleaded guilty to conspiring to help wealthy US taxpayers evade taxes via undeclared offshore accounts, resulting in a $510 million fine. This involved falsifying records and processing undocumented transactions totaling over $1 billion, representing a breach of a prior 2014 plea agreement with the US government. The scheme concealed over $4 billion from the IRS across at least 475 accounts primarily held in Singapore. The guilty plea follows a 2023 Senate Finance Committee report finding continued tax evasion assistance after the 2014 settlement. As part of the agreement, Credit Suisse Services and its acquirer, UBS, will fully cooperate with ongoing investigations.
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A British court ordered the seizure of over £2.6 million ($3.3 million) from Andrew and Tristan Tate to cover unpaid taxes, citing their deliberate evasion of tax obligations. Chief Magistrate Paul Goldspring ruled that the brothers engaged in “a straightforward cheat” of the tax authorities, based on evidence of substantial financial transactions and a history of non-payment. The court found that the Tates failed to pay taxes on £21 million in revenue from their online businesses between 2014 and 2022. The Tates, who deny all wrongdoing, plan to appeal the decision.
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“Trumps Throw Tantrum Over Court Monitor’s Financial Bombshell”
In the ever-inspiring world of Trump-induced chaos, we find ourselves yet again witnessing the Trump family throwing a tantrum over yet another indisputable revelation. This time, it’s about the court monitor’s unearthing of tax fraud related to a fake loan, and the Trumps are not taking it lightly. And let’s be honest, it’s both entertaining and deliciously hilarious to see them squirm.
The Trumps, true to form, have fired back at Jones, the court monitor, by recruiting their own certified public accountant. But as expected, their attempt at discrediting Jones’s findings failed miserably.… Continue reading
Trump’s $50 Million Mystery Debt Looks Like ‘Tax Evasion’
It is truly baffling how Donald Trump, the former President of the United States, managed to evade scrutiny and escape consequences for his questionable financial practices for so long. In a shocking revelation, it has come to light that Trump lied to the government for years about a non-existent $50 million loan. Such a deliberate act of deception raises serious concerns and suggests the possibility of tax evasion.
The evidence presented in Barbara Jones’ letter to the court, as detailed in a Daily Beast article, strongly indicates that Trump knowingly and intentionally broke the law.… Continue reading
John Q. Hosedrinker