Internal Revenue Services (IRS) tax whistle-blower cases have become an essential tool for the Federal government in piercing the corporate veil and aiding in prosecuting illegal practices of large corporations. Recently a former UBS banker was awarded $104 Million dollars in one of the largest-ever IRS whistle-blower cases based upon information from an individual employee.
This recent award comes on the heels of 2006 Federal laws under which the Internal Revenue Service (IRS) can award up to 30% of collected proceeds to whistle-blowers, awards like the one recently given to UBS employee 47 year old Bradley Birkenfeld, who had pled guilty to conspiracy for his involvement in UBS’ involvement in its clients tax evasion. By cooperating with the Federal authorities even while still employed by UBS and providing detailed descriptions of UBS’ promotion of tax evasion, Mr. Birkenfeld has been rewarded what some experts say is the largest whistle-blower payout to date.
The award to Mr. Birkenfeld shows that the Federal government realizes the potential of tax/IRS whistle-blower information, even when the information comes from an employee who is deeply involved in an organizations illegal conduct. Officials from the Justice Department have stated that without Mr. Birkenfeld’s help, there would be no case against UBS in which over $5 billion in tax revenue was collected.
Evans Law Firm, Inc. litigates on behalf of IRS tax whistle-blowers, victims of corporate fraud, qui tam/false claims and tax evasion. If you or someone you know has information concerning a potential IRS tax whistle-blower case, contact Evans Law Firm, Inc. at 415-441-8669 or email info@evanslaw.com.
