SALT & Pepper
Evaluating a Multi-Jurisdictional RICO Claim after Second Circuit’s Recent Decision
June 12, 2014
Authored by: Eric (Rick) Rein
In:
International Asset RecoveryIn the past, courts had decided that RICO’s reach depended upon the location of the enterprise. European Community v. RJR Nabisco, Inc., 2014 U.S. App. LEXIS 7593 (2d Cir. April 23, 2014) redirected the focus to predicate acts.
Read MoreFBAR: Costly Noncompliance and Heightened Scrutiny
June 11, 2014
Authored by: Joseph Tamburello
In:
Trusts & EstatesThe Department of Justice and Carl A. Zwerner ("Taxpayer") have agreed to settle the case of United States v. Zwerner (S.D. Fla., No. 1:13-cv-22082). The settlement calls for the Taxpayer to pay penalties and interest totaling about $1.8M in connection with the Taxpayer's failure to file the FBAR in multiple years...
Read MoreRecycle Your Charitable Dollars
June 06, 2014
Authored by: Jeffrey Zaluda
In:
Trusts & EstatesFor private foundations interested in a "return on investment" on the distribution of their foundation's charitable dollars (that is, a return beyond the satisfaction of doing good), Program Related Investments ("PRI's") are generally the tool of choice. A PRI can be counted as part of the foundation's required 5% annual distribution provided that the investment accomplishes one or more the foundation's charitable purposes, is not made to achieve a significant investment return, and is not used for lobbying or political campaigns...
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