The IRS has tipped off members of Congress to corporate takeovers allowing elected officials to profit from insider trading, The New York Post reports.
The newspaper’s financial columnist John Crudele says a whistleblower, who made the claim, also charged that high-level employees of the IRS used the insider information to cash in themselves.
The whistleblower, whom Crudele identifies as a former IRS employee, said: “One day I was informed of a merger between (two big companies.] I was the case manager on that audit.
“I refused to inform my manager. Well, that was a sad day for my career. He [the manager] first produced a memo and then suspended me for failing to inform him of the merger so he could tell his supervisor.”
“It seemed that the supervisor had planned on paying off his home mortgage with the merger information to the tune of $1 million plus.”
Crudele said the IRS told him it received complaints about wrongdoing on “a regular basis … All complaints are taken very seriously.”
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