4th Circ. Affirms $2.9M IRS Fine For Unreported Accounts

By Natalie Olivo · September 4, 2026, 4:17 PM EDT

The Fourth Circuit affirmed a $2.9 million fine Friday against a Hong Kong-based U.S. businessman, holding that he should have known there was a "grave risk" of inaccurate tax filings when...

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Case Information

Case Title

US v. Richard Rund

Case Number

24-1958

Court

Appellate - 4th Circuit

Nature of Suit

2890 Other Statutory Actions

Date Filed

October 03, 2024