Allen Stanford

The IRS is trying to get back $226.6M in unpaid taxes (1999-2003) as well as penalties and interest from Allen Stanford. This comes after the SEC alleged that he participated in an $8B fraud. More can be read about Mr. Stanford at

Taxes Paid on Earnings from Ponzi Scheme

This NPR story discusses the interesting issue of what to do with money paid for taxes on earnings that didn't actually exist. "The IRS has been the biggest beneficiary of Madoff's fraud." It'll be interesting to see if anything comes back from...