FTX, a bankrupt crypto exchange, requested a US judge to halt external lawsuits against company insiders and venture capital firms to aid customer repayments. FTX settled a $24 billion IRS claim for less, enabling significant customer recoveries. Despite generous bankruptcy payouts, some creditors remain dissatisfied. FTX debtors seek to probe balance sheet discrepancies at FTX US.
Current and former IRS agents talking here about problems enforcing the tax code on the wealthiest.👇 @spencerwoodman, @ICIJorg https://t.co/bhieFJ8ybe
A Tribute to Whistleblowers: Bitcoin Billionaire to pay $40 Million to Settle Tax Evasion Suit https://t.co/p5KvV2qlIJ #Tax #Whistle #Criminal @quitamattorney https://t.co/49XuPXuU78
The Biden admin committed billions in new IRS funding to tackle major tax evasion by large corporations and the ultrawealthy. But there's a disconnect: IRS upper management often does not support these cases, according to new reporting: https://t.co/kQoTq9nPsd @ICIJorg