2011 Offshore Voluntary Disclosure Initiative (OVDI) – Act now to participate

The IRS created the 2011 Offshore Voluntary Disclosure Initiative (OVDI) to allow taxpayer applicants with previously undisclosed offshore accounts and assets to disclose these assets by August 31, 2011, and pay overdue taxes along with a set penalty. Through participation in the OVDI program, fully qualified taxpayers may avoid criminal prosecution for failure to disclose offshore accounts.

Florida Ponzi schemer’s aide gets 10-year sentence

An ex-aide of a Florida lawyer who ran a $1.2 billion Ponzi scheme was sentenced to 10 years in prison on Friday, the latest development in a high-profile case that drew attention to investment fraud in the state.

Ex-Rothstein exec pleads not guilty in Ponzi scam

FORT LAUDERDALE, Fla. (AP) — A former executive at disbarred attorney Scott Rothstein’s law firm is pleading not guilty to charges that she played a key role in his $1.2 billion Ponzi scheme.

Rothstein firm COO charged with money-laundering conspiracy

Scott Rothstein’s right-hand woman at his Fort Lauderdale law firm — chief operating officer Debra Villegas — helped her boss fabricate legal settlements that he sold to wealthy investors, boosting his $1.2 billion Ponzi scheme until its sudden collapse last October, prosecutors said Tuesday.

Scott Rothstein’s right-hand woman charged in Ponzi scheme

One of Ponzi schemer Scott Rothstein’s closest associates — Debra Villegas, the woman he made his second-in-command at his law firm — is scheduled to face a federal judge Wednesday morning on a money-laundering charge that alleges she was instrumental to his massive investment fraud.

US Seeks Reduced Term for Star Swiss Bank Witness

A former Swiss banker should get a sharply reduced prison term for helping the U.S. government as a star witness in a wide-ranging tax evasion investigation of banking giant UBS AG, federal prosecutors said Tuesday. The banker contends his cooperation warrants no jail time at all.