In Insider Trading Case Evidence of Failure to Report Profit was Admissible, U.S. v. Hatfield, 2010 U.S. Dist. Lexis 15210 (E.D. N.Y. 2010)

U.S. v. Hatfield,  2010 U.S. Dist. Lexis 15210  (E.D. N.Y. 2010)

        In an insider trading case, the Court found that defendants' alleged false statements to NASDAQ were not inextricably intertwined with defendants' alleged false statements to other government entities as to permit such evidence to be introduced at trial.

        However, the Court did permit the introduction into evidence proof that the Defendant failed to pay taxes on the profits made allegedly from insider trading.

         The court agreed that this information was inextricably intertwined with the indictments non-tax charges.

Tax Fraud Report
The Latest Criminal Tax Decisions, Selected Civil Tax Opinions and Related Economic Crimes.

Pingbacks are closed.

Comments are closed.

All rights reserved the-tax-specialist.com 2017