IRS Hands Enron Tax Shelter Whistleblower $1.1M

Law360, New York (March 16, 2011, 6:49 PM EDT) -- A Wall Street banker received a $1.1 million reward for alerting the Internal Revenue Service that Enron Corp. had set up abusive tax shelters that allowed it to inflate its reported income, the firm representing him said Monday.

The banker, who has opted to remain anonymous to protect his job, first blew the whistle on Enron in 1999 and received the $1.1 million reward under the IRS's 211 program, which predates its new tax whistleblower program created in 2006, according to Phillips & Cohen LLP....
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