A former bank executive has filed suit against the Internal Revenue Service for failing to pay him a whistleblower award.
Joseph Insinga, a former executive with the Netherlands-based Rabobank Group, told the Washington Post that he had given documents to the IRS about how his former employer helped seven companies avoid paying hundreds of millions of dollars in taxes by setting up offshore partnerships and other entities. He filed a whistleblower claim with the IRS in 2007, but has heard nothing from the agency. Last month, his attorneys filed suit in U.S. Tax Court saying the IRS should pay him a cut of the proceeds it has collected.
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