|
Look...
My feeling is that most of the money in epass was undeclared revenue.
Better still, you could stream this undeclared revenue on to a visa card and live a jolly good life.
Mr. Mallick didn't fuck up even though he can be a bit of a narcissistic bozo.
He just never imagined that the great weight of the US treasury department and the IRS would lift itself off its comfy office chair to squash him.
I have no idea how much money moved through epass, anyone care to throw out a figure?
However, the tax losses must have been enormous.
Enough so that the IRS forces a meeting with Visa and the hammer drops.
Shut it down.
And down it shuts.
Uncle Sammy wants his moola.....
|