American Express Settles Tax Fraud
This is a New York news story, published by torontosun, that relates primarily to American Express news.
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American Expresstorontosun
•American Express agrees to pay more than $138M to resolve investigation into sales and marketing
72% Informative
The New York -based financial giant provided inaccurate tax advice to customers and potential customers.
American Express said the disputed sales practices ended in 2021 or earlier and that it will pay roughly $230 million in total to resolve the matter.
The company has also separately entered a multimillion dollar civil settlement with the U.S. Department of Justice .
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