IRS Pays Whistleblower More Than $100 Million
Help out the government, and the government will help you…big. The IRS is paying out a record amount to a convicted tax cheat under its tax whistleblower law.
FOX News Radio’s Lilian Woo reports:
A former Swiss banker who spilled secrets about overseas tax cheats and Swiss bank UBS AG is awarded $104 million by the Internal Revenue Service. Bradley Birkenfeld’s award, thought to be the largest amount ever paid to an individual whistleblower, but still just a fraction of the nearly $800 million UBS had to cough up in fines, penalties and other settlements.
Birkenfeld himself served more than two years behind bars for a fraud conspiracy conviction related to the case, which was part of a broad push by the U.S. to crack down on American tax dodgers with illegal offshore accounts.
Lilian Woo, FOX News Radio.