tyb
you fuckin' BEAST
didn't even know where to start earlier this morning-busy all over. VENUS61 into orlando wuz about it from all of it…so far.
morning pf standing down. got other stuff can do
o7
Goldman Sachs Begins Probe After Insider-Trading Testimony
Goldman Sachs Group Inc. is reviewing a claim from a confessed member of an international insider-trading ring that he stole confidential information a decade ago from his former girlfriend, who is now a managing director at the firm, to trade on. Marc Demane Debih, the government’s star witness, testified Wednesday in a Manhattan insider-trading trial that he got data on three proposed corporate acquisitions in the mining industry from Zeynep Yenel, who was then his girlfriend. “We are aware of the statements made during the testimony,” Goldman Sachs spokeswoman Nicole Sharp said in a statement Thursday. “We are taking them seriously and conducting our own review.” Demane Debih testified in the trial of Telemaque Lavidas, who is charged with passing secret information from his father, a former director at a Boston-based drug company, to Georgios Nikas, a Greek businessman who owns restaurants in New York. Demane Debih, a former Swiss trader, pleaded guilty to 38 criminal counts in October. He’s cooperating with prosecutors in hopes of reducing his time behind bars.
Demane Debih told jurors that in 2010 or 2011 he got information from Yenel on London Mining Plc, Breakwater Resources Ltd. and Copper Mountain Mining Corp. He testified that he traded on the Copper Mountain information and passed a Breakwater tip to his friend Nikas. He said he doesn’t remember whether he traded on London Mining. Yenel wasn’t aware that he was able to determine the identity of her clients, Demane Debih said. “How did you figure that out?” Assistant U.S. Attorney Daniel Tracer asked. “From asking her different questions, and I was looking at the market, and figured out which company she was working for,” Demane Debih responded.
Yenel is one of two Goldman Sachs investment bankers whose names came up in Demane Debih’s testimony. The former Swiss trader also told jurors that former Goldman Sachs Vice President Bryan Cohen was a source of inside information, tipping him on as many as six or seven corporate deals. Cohen pleaded guilty to conspiracy on Tuesday and faces as long as five years in prison. He was terminated late last year, according to the firm.
The case is U.S. v. Lavidas, 19-cr-716, U.S. District Court, Southern District of New York (Manhattan).
https://www.bloomberg.com//news/articles/2020-01-09/goldman-sachs-begins-probe-after-insider-trading-testimony
pleading guilty to avoid a trial thus keeping the details out of the public.
They have this guy by the balls-SEC?Insider trading laws need 100% NO DOUBT-they toss them out if one shred of it.
IRS Audits Plummet To Lowest Level In Four Decades
Individual US taxpayers are half as likely to get audited than they were in 2010, according to the Wall Street Journal, which notes that IRS tax enforcement has fallen to the lowest level in at least four decades.In FY 2019, the agency audited just 0.45% of all personal income-tax returns, down from 0.59% in 2018 - marking eight straight years of declining reviews. In a Monday report, the IRS said that in 2010, 1.1% of tax returns were audited. The report did not provide details on audits by income category, or how much revenue has been recovered from the enforcement (or lack thereof).
According to the Journal, years of budget cuts and a heavier workload are to blame for the steady erosion of audit - which, experts say, is depriving the Treasury of billions of dollars while budget deficits rise.
The IRS budget is about 20% below the 2010 peak in inflation-adjusted dollars, according to the Congressional Budget Office.
During that time, Congress has given the agency more responsibility, including the implementation of the 2010 health care law and the 2017 tax law.
-In Monday’s report, the IRS said the agency had lost almost 30,000 full-time positions since fiscal 2010, in areas including enforcement and criminal investigation. It now has about 78,000 workers and has been hiring over the past year. But the agency also projects that up to 31% of remaining workers will retire within the next five years. -Wall Street Journal
"The audit rate reported for 2019 was less than half of what it was in 2010, underscoring the depleted state of the IRS enforcement function, which urgently needs to be rebuilt," said Chuck Marr, director of federal tax policy at the Center on Budget and Policy Priorities, a progressive group in Washington.
Investing in enforcement and tightening rules could generate about $1 trillion over a decade, according to Harvard University economist Lawrence Summers, who served as Treasury secretary in the Clinton administration, and University of Pennsylvania professor Natasha Sarin. The government estimates that each additional dollar spent on tax enforcement could yield more than $4 in revenue, and Democratic presidential candidates have made increasing IRS funding part of their agenda. -Wall Street Journal. Cuts to the IRS budget began after Republicans won a majority in the House of Representatives in 2010, and was further reduced after the Obama administration's IRS targeting scandal in which the agency admitted in 2013 that it had given improper scrutiny to conservative nonprofit groups.
According to Trump-appointed IRS commissioner Charles Rettig, the administration has been trying to find new ways of remaining aggressive for tax-dodgers by using data analytics. "Our compliance employees have a commitment to fraud awareness as we continue our enforcement efforts in the offshore and other more traditional compliance-challenged arenas," writes Rettig in Monday's report. "We want to maintain a visible, robust enforcement presence as we continue to explore innovative strategies and techniques in support of our mission."
https://www.wsj.com/articles/irs-personal-income-tax-audits-drop-to-lowest-level-in-decades-11578352541
https://www.zerohedge.com/political/irs-audits-plummet-lowest-level-four-decades
chek't and rek't
bitch…please. you came after me after I agreed with the OP. with your caps lock blazin'.
toughen up sunshine
eb4d5b (9)
you did it entirely on your own bruh.
peace