Bancorp International Group Inc (fka BCIT)

[turn2him]

SFC Grassley getting things done, but it takes time.

Senator Grassley is recognized as getting the IRS whisleblower program activated. This is the man that Megas sent the wanker letter to.

The story as follows:

An accountant who tipped off the IRS that his employer was skimping on taxes has received $4.5 million in the first IRS whistleblower award.

The accountant's tip netted the IRS $20 million in taxes and interest from the errant financial-services firm.

"It ought to encourage a lot of other people to squeal," Sen. Charles Grassley told The Associated Press. The Iowa Republican helped get the IRS Whistleblower Office authorized in 2006.

The IRS mailed the accountant's lawyer a $3.24 million check that arrived in suburban Philadelphia by first-class mail Thursday. The sum represents the award minus a 28 percent tax hit.


IMO, the same type of legislation is needed in Wall Street for those firms skimping the shareholders, like the BCIT shareholders have been by the DTCC, SEC, and the stockbrokers. If someone got that much money reporting tax evasion, just imagine how much someone could get by whistleblowing on Wall Street questionable activity as in the case of BCIT. Hopefully that is what Grassley is trying to do.