Robert F. Smith, the Chairman and Chief Executive Officer of a San Francisco based private equity company, entered into a Non-Prosecution Agreement (the agreement) with the Department of Justice, for his involvement from 2000 through 2015 in an illegal scheme to conceal income and evade millions in taxes by using an offshore trust structure and offshore bank accounts, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Tax Division, U.S. Attorney David L. Anderson for the Northern District of California, and Chief of Internal Revenue Service (IRS) Criminal Investigation Jim Lee. In that agreement, Smith admits his involvement in the illegal scheme and agrees to cooperate with ongoing investigations and to pay back taxes and penalties in full. “It is never too late to do the right thing,” said U.S. Attorney Anderson. “It is never too late to tell the truth. Smith committed serious crimes, but he also agreed to cooperate. Smith’s agreement to cooperate has put him on a path away from indictment.”
From The Hill:
Robert Smith, the billionaire who went viral last year for paying off the debt of students at Morehouse College, admitted to an illegal scheme to conceal income and evade taxes by using offshore trusts and bank accounts for 15 years.
Source: Private Equity CEO Enters into Non-prosecution Agreement on International Tax Fraud Scheme and Agrees to Pay $139 Million, to Abandon $182 Million in Charitable Contribution Deductions, and to Cooperate with Government Investigations | OPA | Department of Justice
GRAND RAPIDS, Mich. — Accused conspirators charged in a plot to kidnap Michigan Gov. Gretchen Whitmer also discussed “taking” Virginia Gov. Ralph Northam, an FBI agent testified at a court hearing Tuesday.
During the hearing here in Grand Rapids to discuss the charges filed last week against members of a self-proclaimed militia accused of plotting to kidnap Michigan’s Democratic governor, FBI Special Agent Richard Trask revealed that months ago some of the suspects met in Dublin, Ohio, where Northam, also a Democrat, was discussed as a potential target.
“At this meeting they discussed possible targets, taking a sitting governor, specifically issues with the governors of Michigan and Virginia, based upon the lockdown orders,” Trask told the court, referring to state-mandated restrictions implemented to combat the spread of coronavirus.
Judge Martin Jenkins, a former NFL player for the Seattle Seahawks turned civil rights attorney and Alameda County prosecutor, has been nominated to serve on California’s Supreme Court.
“Justice Jenkins is widely respected among lawyers and jurists, active in his Oakland community and his faith, and is a decent man to his core,” Newsom said in a news release.
“As a critical member of my senior leadership team, I’ve seen firsthand that Justice Jenkins possesses brilliance and humility in equal measure. The people of California could not ask for a better jurist or kinder person to take on this important responsibility.”
The FBI revealed Thursday that it thwarted a plot to kidnap Michigan Gov. Gretchen Whitmer, unsealing charges against six people who it said contemplated a violent overthrow of the government and conducted firearms training, tested explosives and tactical drills.
The plotters, according to an FBI affidavit, seemed to be motivated by their belief that state governments, including Michigan’s, were violating the Constitution. One of those involved complained in June that Whitmer (D) was controlling the opening of gyms — an apparent reference to coronavirus shut down restrictions. But unbeknown to them, the FBI had confidential informants recording many of their discussions, according to the affidavit.
President Trump has been publicly critical of Michigan’s leaders over the state-imposed measures to stem to spread of coronavirus, tweeting in April, “LIBERATE MICHIGAN.”
Federal and state authorities are scheduled to have a news conference on the charges at 1 p.m., and Whitmer is expected to deliver a statement at 3 p.m.