News Coverage

The Internal Revenue Service and the Securities and Exchange Commission are still reviewing allegations that Vanguard Group Inc.’s unusual business structure operates in violation of federal tax law, according to attorneys for former Vanguard tax lawyer David Danon, who brought the allegations to the agencies’ attention in 2013.
The IRS and SEC have not announced complaints against Malvern-based Vanguard and don’t comment on possible ongoing investigations. Vanguard...

Have you witnessed something illegal, unethical, or potentially fraudulent where you work?
If you rat out corporate bad behavior, you could win millions. Last year, for example, Edward O'Donnell, a former Countrywide Financial executive, won $58 million from parent company Bank of America in a case stemming from the sale of shoddy mortgages.
His award was part of a record $435 million the U.S. government paid in whistleblower awards, mostly related to health-care fraud and cases...

The Internal Revenue Service and the Securities and Exchange Commission are still reviewing allegations that Vanguard Group Inc.'s unusual business structure operates in violation of federal tax law, according to attorneys for former Vanguard tax lawyer David Danon, who brought the allegations to the agencies' attention in 2013.
The IRS and SEC have not announced complaints against Malvern-based Vanguard and don't comment on possible ongoing investigations. Vanguard spokesman John Woerth...

A lawsuit filed in New York last year by a then-Vanguard Group Inc. tax attorney, and unsealed Friday in state court in Manhattan, alleges that Vanguard, the nation's largest mutual fund company, has wrongly avoided paying federal and state income taxes since its creation in the 1970s.
Vanguard "has operated as an illegal tax shelter for nearly 40 years, providing services to [its] funds at prices designed to avoid federal and state income tax, sheltering hundreds of millions of dollars...