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Anonymous ID: c4c7b9 March 31, 2021, 9:01 p.m. No.13341310   🗄️.is 🔗kun   >>1322 >>1355 >>1393 >>1436 >>1613

SEC Awards Over $500,000 to Whistleblower Under "Safe Harbor" for Internal Reporting and Surpasses Record for Individual Awards

FOR IMMEDIATE RELEASE

2021-54

Washington D.C., March 29, 2021 —

The Securities and Exchange Commission awarded more than $500,000 to a whistleblower who raised concerns internally before submitting a tip to the Commission. The whistleblower's information and assistance allowed the Commission and another agency to quickly file actions, shutting down an ongoing fraudulent scheme.

 

The whistleblower's information prompted an internal investigation by the company, which then reported to an outside agency, which in turn provided the information to the SEC. Separately, the whistleblower also reported to the SEC within 120 days of reporting the violations internally to the company. Under the "safe harbor" provision of the SEC's whistleblower rules, the SEC treats the whistleblower's information as though it had been submitted to the SEC at the same time it was internally reported as long as the whistleblower also reports the information to the SEC within 120 days of the internal report.

 

"With this award, the Commission has awarded 40 individuals this fiscal year, surpassing last year's record of 39 individual awards," said Jane Norberg, Chief of the SEC's Office of the Whistleblower. "The Commission has awarded whistleblowers nearly $200 million in the first half of FY21 alone."

 

The SEC has now awarded approximately $760 million to 145 individuals since issuing its first award in 2012. All payments are made out of an investor protection fund established by Congress that is financed entirely through monetary sanctions paid to the SEC by securities law violators. No money has been taken or withheld from harmed investors to pay whistleblower awards. Whistleblowers may be eligible for an award when they voluntarily provide the SEC with original, timely, and credible information that leads to a successful enforcement action. Whistleblower awards can range from 10-30% of the money collected when the monetary sanctions exceed $1 million.

 

For more information about the whistleblower program and how to submit a tip, visit www.sec.gov/whistleblower.

Anonymous ID: c4c7b9 March 31, 2021, 9:20 p.m. No.13341385   🗄️.is 🔗kun   >>1436 >>1613

>>13341355

U.S. Attorney’s Office

Southern District of New York

FOR IMMEDIATE RELEASE

Thursday, September 24, 2020

U.S. Accountant In Panama Papers Investigation Sentenced To 39 Months In Prison

 

Audrey Strauss, the Acting United States Attorney for the Southern District of New York, and Brian C. Rabbitt, Acting Assistant Attorney General of the Criminal Division of the U.S. Department of Justice, announced today that RICHARD GAFFEY, a/k/a “Dick Gaffey,” was sentenced in Manhattan federal court to 39 months in prison for wire fraud, tax fraud, money laundering, aggravated identity theft, and other charges. GAFFEY, a resident of Massachusetts, was charged along with Harald Joachim von der Goltz, Ramses Owens, and Dirk Brauer in connection with a decades-long criminal scheme perpetrated by Mossack Fonseca & Co. (“Mossack Fonseca”), a Panama-based global law firm, and its related entities. GAFFEY previously pled guilty to the charges, and was sentenced today by U.S. District Judge Richard M. Berman.

 

Acting U.S. Attorney Audrey Strauss said: “Richard Gaffey was a tax accountant who specialized in sheltering his clients’ assets and income, aiding and abetting their evasion of their U.S. tax obligations. Now, after nearly two decades of felonious hide-and-seek, Gaffey has been sentenced to prison for his crimes.”

 

According to the allegations contained in the Indictments,[1] other filings in this case, and statements during court proceedings, including GAFFEY’s guilty plea and sentencing hearings:

 

Since at least 2000 through 2018, GAFFEY conspired with others to defraud the United States by concealing his clients’ assets and investments, and the income generated by those assets and investments, from the Internal Revenue Service (“IRS”) through fraudulent, deceitful, and dishonest means. During all relevant times, GAFFEY assisted U.S. taxpayers who were required to report and pay income tax on worldwide income, including income and capital gains generated in domestic and foreign bank accounts. GAFFEY helped those U.S. taxpayers evade their tax reporting obligations in a variety of ways, including by hiding the beneficial ownership of his clients’ offshore shell companies and setting up bank accounts for those shell companies. These shell companies and bank accounts made investments totaling tens of millions of dollars. For one U.S. taxpayer, GAFFEY advised how to covertly repatriate approximately $3 million to the United States by reporting to the IRS a fictitious company sale that never actually occurred to evade paying the full U.S. tax amount. GAFFEY was assisted in this scheme through the use of Mossack Fonseca, including Ramses Owens, a Panamanian lawyer who previously worked at Mossack Fonseca.

 

GAFFEY was the U.S. accountant for Harald Joachim von der Goltz. From 2000 until 2017, von der Goltz was a U.S. resident and was subject to U.S. tax laws, which required him to report and pay income tax on worldwide income. In furtherance of von der Goltz’s efforts to conceal his assets and income from the IRS, GAFFEY falsely claimed that von der Goltz’s elderly mother was the sole beneficial owner of the shell companies and bank accounts at issue because, at all relevant times, she was a Guatemalan citizen and resident, and – unlike von der Goltz – was not a U.S. taxpayer. In support of this fraudulent scheme, GAFFEY submitted the name, date of birth, government passport number, address, and other means of identification of von der Goltz’s elderly mother to a U.S. bank in Manhattan.

 

    • *

 

GAFFEY, 76, a U.S. citizen and resident of Medfield, Massachusetts, pled guilty to one count of conspiracy to commit tax evasion and to defraud the United States; one count of wire fraud; one count of money laundering conspiracy; four counts of willful failure to file Reports of Foreign Bank and Financial Accounts, FINCEN Reports 114; and one count of aggravated identity theft. In addition to the prison term, Judge Berman ordered GAFFEY to serve three years of supervised release, to pay forfeiture in the amount of a sum of $5,373,609 and restitution in the amount of $3,459,315, and to pay a fine in the amount of $ 25,000.

 

Harald von der Goltz was sentenced by Judge Berman on September 21, 2020, principally to 48 months in prison. Owens and Brauer remain at large.

 

    • *

Anonymous ID: c4c7b9 March 31, 2021, 10:41 p.m. No.13341584   🗄️.is 🔗kun   >>1613

Notice of Hearing

RODNEY DAVIS, ILLINOIS RANKING MINORITY MEMBER

On Thursday, April 1, 2021 the Subcommittee on Elections of the Committee on House Administration will hold a hearing entitled “Voting in America: Ensuring Free and Fair Access to the Ballot.”

The Subcommittee hearing will take place remotely via Cisco Webex video conferencing at 12:00 Noon EDT.

This proceeding will be streamed live on https://cha.house.gov/. Information will be provided separately to Members on how to join via the Cisco Webex platform.

For media inquiries please contact Peter Whippy, Communications Director, at Peter.Whippy@mail.house.gov or at 202-225-3244.

For other inquiries please contact Brandon Jacobs, Legislative Clerk, at brandon.jacobs@mail.house.gov or 202-225-2061 if you have questions or need additional information.