TITLE

IRS Investigates Lease-to-Own Bond Deals for Fee Scheme

PUB. DATE
June 2006
SOURCE
Bond Buyer;6/12/2006, Vol. 356 Issue 32400, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that CDR Financial Products and Societe Generale are accused by the Internal Revenue Service of allegedly conspiring to exchange undisclosed fees masked as transfers of credit risk in several lease-to-own bond deals in the U.S. The agency allegedly found evidence of a systematic kickback scheme in the deals.
ACCESSION #
21258787

 

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