SOURCE: Post & Schell PC

December 14, 2010 09:30 ET

As IRS and Department of Justice Increase Enforcement, Newly Published Legal Treatise From Partner at Post & Schell PC Provides Comprehensive Look Into Complex White Collar Criminal Cases

PHILADELPHIA, PA--(Marketwire - December 14, 2010) - The IRS has been seeing an increase in criminal tax cases as the government continues to roll out new waves of enforcement, which has grown both in sophistication and scale. In order to avoid any tax missteps, which can lead to criminal charges, individuals and investors need to obtain financial and legal help from professionals with an in-depth understanding of the changing government requirements.

"The intensity of enforcement, changes in enforcement patterns and the increased use of complex, ambiguous statutes have created a daunting white-collar crime environment," said Peter Hardy, a former U.S. prosecutor and now partner in the white collar defense, compliance and risk management practice group of law firm Post & Schell PC.

In his recently published legal treatise Criminal Tax, Money Laundering and Bank Secrecy Act Litigation (BNA Books, November 2010), Mr. Hardy provides a comprehensive look into the laws and procedures relating to federal criminal cases handled by the IRS and Department of Justice. He examines the significant legal issues that exist in complex white-collar criminal practices, as well as the strategic challenges faced during litigation, for example...

  • The current law and procedure for IRS criminal cases, including investigations, indictment, pretrial practice, plea agreements, trial and sentencing;
  • How a tax or currency matter that began as a civil issue can turn into a criminal case;
  • And the process for approval or rejection of a proposed tax prosecution.

Criminal Tax, Money Laundering and Bank Secrecy Act also covers...

  • Prosecutions, reporting requirements and voluntary disclosure of offshore accounts;
  • Tax shelter prosecutions and related problems when tax law may not be clear;
  • Corporate prosecutions and deferred prosecution agreements;
  • Recent developments in the Supreme Court's interpretation of money laundering statutes;
  • And sentencing in white-collar cases under Federal Sentencing Guidelines.

"Tax and money laundering enforcement shows no sign of slowing and is likely to be expanding into new areas of complexity. Investors, institutions and their advisors need to prepare now to anticipate and address risks and resolve them, if at all possible," said Mr. Hardy.

The book is available for purchase at the BNA website. For more information, visit http://storefront.bnabooks.com/epages/bnastore.sf/en_US/?ObjectPath=/Shops/bnastore/Products/1856.

For a conversation with Peter Hardy regarding any of the topics covered in his treatise, please contact Katarina Wenk-Bodenmiller of Sommerfield Communications, Inc. at 212-255-8386 or Katarina@sommerfield.com.

About Peter D. Hardy, Esq.
Peter D. Hardy, a former federal prosecutor, is a Partner in Post & Schell's national White Collar Defense, Compliance & Risk Management Practice Group. His practice focuses on the counseling and defense of corporations, directors, officers, managers, professionals and others, across a broad spectrum of industries, who may face allegations of business-related or other misconduct.

Mr. Hardy has significant experience in complex criminal matters at the investigative, trial, and appellate levels. Before coming to Post & Schell, Mr. Hardy served for six years as an Assistant United States Attorney for the U.S. Attorney's Office in Philadelphia, and for five years as a Trial Attorney for the Department of Justice, in the Criminal Enforcement Section of the Tax Division in Washington, D.C. Prior to joining the Department of Justice, Mr. Hardy served as a judicial law clerk for U.S. District Judge George E. Woods, and for U.S. Court of Appeals Judge Cornelia G. Kennedy, in Detroit, Michigan.

Mr. Hardy has particular expertise in allegations of tax fraud, voluntary disclosures to the IRS, financial institution crime, money laundering, health care fraud, mortgage fraud, bankruptcy fraud, identity theft, environmental crime, and public corruption. 

Mr. Hardy is the author of Criminal Tax, Money Laundering and Bank Secrecy Act Litigation, published in November 2010 by BNA Books, a major legal publishing house.

About Post & Schell PC
Post & Schell provides litigation, corporate, transactional, regulatory, compliance, consulting and educational services locally, regionally and nationally to a broad spectrum of proprietary and not-for-profit industries. The firm concentrates on providing these niche services in sophisticated and complex matters.

Post & Schell lawyers work extensively in industries including banking and financial services, professional services, energy, manufacturing, retail, and healthcare and pharmaceuticals. The firm routinely handles the most complex and sensitive issues in these industries. Areas of specialization include white collar defense, internal investigations, compliance, commercial litigation, intellectual property protection and appellate law. 

Established in 1968, Post & Schell currently has approximately 165 lawyers in 7 offices: Washington, D.C.; Philadelphia, Pittsburgh, Harrisburg, Allentown, and Lancaster, PA; and Princeton, NJ.

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