IRS Cooperator Left To Eat $2.6M Cost In Fraud Investigation

Law360, New York (June 3, 2015, 5:04 PM EDT) -- A California federal judge axed a lawsuit Tuesday filed by a financial lending company asserting the IRS refuses to return $2.6 million the company purposefully loaned to customers using fraudulent identities in order to aid an agency investigation, saying the suit is barred by government immunity.

Snyder & Associates LLC initially flagged and blocked the fraudulent loans, but after it spoke with the IRS and learned of its investigation into the offending taxpayer, Snyder allowed the checks to clear at the agency's request. Snyder says the...
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Case Information

Case Title

Snyder & Associates Aquisitions LLC et al v. The United States of America


Case Number

8:14-cv-01350

Court

California Central

Nature of Suit

Other Statutory Actions

Judge

Cormac J. Carney

Date Filed

August 22, 2014

Government Agencies

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