ENRON WHISTLEBLOWER AWARDED $1.1 MILLION FROM IRS

A whistleblower who exposed a tax fraud scheme by Enron Bankers Trust before the company collapse has been awarded $1.1 million under a new tax law whistleblower program allowing for payment of a “bounty” for information about tax fraud. The whistleblower, a Wall Street banker, who has chosen to remain anonymous, revealed that Enrain inflated its book earnings due to abusive tax shelters set up with the help of Wall Street banks. The shelters involved improper duplication of tax deductions so Enron could generate illusory pre-tax income on its financial statements. The tax fraud allowed Enron to evae more than $600 million in taxable income. If you are aware of major tax fraud, contact attorney Newman at Jeff@JeffNewmanLaw.com or call him directly at 617-823-3217.