Legal
Hedge Funds Become Latest Target for Whistleblowers: $40 Million Settlement in Tax Case Demonstrates Broad Reach of New York’s False Claims Act
Fittingly, on “Tax Day” 2017, the New York Attorney General announced a $40 million settlement based on taxes allegedly avoided by members of Harbinger Capital Partners Offshore Manager LLC, a hedge fund investment manager operating in New York City. While the settlement amount itself was record breaking, the underlying source…
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