The Washington Post via Getty Images

The richest Black man in America is under investigation for income tax evasion. Billionaire philanthropist Robert F. Smith is under investigation for possible income tax evasion.

Gilbert Carrasquillo/FilmMagic

Smith made headlines in 2019 when he and his wife, Hope Dworaczyk Smith, generously paid off student loan debts for Morehouse College's entire 2019 graduating class.

The pledge was worth $40 million and is the largest single gift in the school's history. Apparently, Smith planned to use the massive pledge as a $40 million tax write off.

According to Vladtv.com, for four years, federal authorities have been investigating Vista Equity Partners firm for failure to pay taxes on about $200 million in assets transferred from Vista's first private equity fund to offshore banks.

High-income individuals typically transfer millions or billions to offshore banks in the Caribbean and Europe to avoid paying taxes in the United States.

Forbes.com reports Smith hopes to resolve the Justice Department's case with a civil settlement in order to prevent resigning from Vista's board or serving time in prison.

The billionaire has also asked for leniency in exchange for his cooperation with another investigation involving Robert Brockman, who worked with Smith on projects involving offshore entities, trusts, and foundations.

Smith is reportedly willing to cooperate with additional investigations as well. Vista Equity Partners, which manages $65 billion in assets, has not commented on the investigation.

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Minneapolis PD, Facebook

Derek Chauvin, the former Minneapolis police officer who is already facing charges in the death of George Floyd, is also facing multiple felonies after he and his wife underreported their income for years.

According to CBS Minnesota, Derek and his wife Kellie - who are in the midst of divorce proceedings - were charged with nine counts of felony tax evasion.

The Chauvins reportedly worked multiple side jobs over the years - and earned over $400,000 between them. But their side hustle income was not reported according to the feds.

Kellie filed for divorce following Chauvin's arrest on murder charges in May. The action was likely taken to protect the couple's assets.

Investigators began looking into the Chauvins in June, 2020 for failing to file Minnesota individual income tax returns on time from 2016 to 2019, and for fraudulently filing tax returns from 2014 to 2019.

The investigation began after the feds overheard recorded jail phone calls between the two.

In one call, Derek was overheard telling Kellie someone was looking into their tax returns. He suggested she contact the person who handled their taxes. That person turned out to be his father.

According to the complaint, the Chauvins failed to file income tax returns or pay state income taxes. They also allegedly underreported and underpaid taxes on income from various employments each year.

The Chauvins own homes in Minnesota and Florida. They also own a 2019 BMW that was registered in Florida - where there are no state taxes - but the car was serviced 10 times in Minnesota.

The felony tax evasion charges are the result of an investigation conducted by the Minnesota Department of Revenue and the Oakdale Police Department. The couple faces a maximum sentence of 45 years in prison and/or a $90,000 fine each.

Washington County Attorney Pete Orput noted: "When you fail to fulfill the basic obligation to file and pay taxes, you are taking money from the pockets of citizens of Minnesota.

"Our office has and will continue to file these charges when presented. Whether you are a prosecutor or police officer, or you are a doctor or a realtor, no one is above the law."

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FBI and IRS Agents raided the homes and offices of embattled Baltimore Mayor Catherine Pugh who has been out on leave since a criminal investigation was launched into her business dealings. Pugh is facing calls to resign over a scandal that involves sales of her children's books to entities that do business with the city of Baltimore.

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Celebrity attorney Michael Avenatti is accused of stealing $2 million from an ex-girlfriend of NBA star Hassan Whiteside. The embattled attorney is accused of hiding $2 million intended for Whiteside's former girlfriend, Alexis Gardner.

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Lowell Hawthorne

A Jamaican-born entrepreneur who built an empire around beef patties shot himself to death in his Bronx, NY factory around 5 p.m. Saturday.

Golden Krust CEO Lowell Hawthorne, 57, killed himself after the feds informed him that he was being investigated for evading millions of dollars in income taxes, The NY Post reports.

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Solange Knowles

News surfaced this month that Beyonce's little sister Solange Knowles owes the Internal Revenue Service (IRS) $50,000 in back taxes.

While $50,000 may seem like chump change to someone of Beyonce's stature -- Solange is not Beyonce. Celebrity Dirty Laundry blog has proof that Solange is in dire straits and in need of a serious cash infusion.

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Lauryn Hill released from prison

Singer Lauryn Hill, 38, celebrated her release from prison today with a new song entitled "Consumerism". Like most of Hill's songs, the single covers Hill's obsession with a materialistic society.

Hill was convicted of income tax evasion in May. She served three months in federal prison after paying paid $900,000 in back taxes.

"Consumerism is part of some material I was trying to finish before I had to come in. We did our best to eek out a mix via verbal and emailed direction, thanks to the crew of surrogate ears on the other side," Hill said in a press release. "Letters From Exile is material written from a certain space, in a certain place. I felt the need to discuss the underlying socio-political, cultural paradigm as I saw it. I haven't been able to watch the news too much recently, so I'm not hip on everything going on. But inspiration of this sort is a kind of news in and of itself, and often times contains an urgency that precedes what happens. I couldn't imagine it not being relevant. Messages like these I imagine find their audience, or their audience finds them, like water seeking it's level".

Dolce & Gabbana

The gay couple behind one of the most well-known fashion brands in the world will be spending the next 20 months in prison.

Domenico Dolce, 54, and Stefano Gabbana, 50, who founded the iconic fashion brand Dolce & Gabbana, were sentenced to 20 months in an Italian prison after they were convicted of evading taxes on €408 million ($540 million USD).

According to UK's Daily Mail, a judge in Milan ruled that the stylish couple failed to declare income of about €1billion ($1.3 billion USD), and that they moved their brand to Luxembourg to evade Italy's corporation income tax.

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Mary J Blige and Emma Stone

R&B Diva Mary J Blige, pictured above left with actress Emma Stone, was surrounded by untold riches and wealth at the 2013 Peace, Love & A Cure Triple Negative Breast Cancer Foundation Benefit at a private residence in Cresskill, NJ on Tuesday, May 21.

In February, Uncle Sam hit Blige with a massive $3.4 million tax lien.

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Lauryn Hill pays her taxes to avoid prison

Troubled singer Lauryn Hill paid her overdue tax bill today, but that didn't save her from doing a time in the federal pen.

USA Today reports that Hill was sentenced to 3 months in prison for failing to pay $1 million in overdue taxes.

Prior to the hearing, Hill's attorney, Nathan Hochman, said in an email to TIME magazine Monday that Hill paid $970,000 to satisfy state and federal back taxes. Hill, but apparently that wasn't enough for the judge.

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