John C. Howe review: Financial Scam

Mr. John C. Howe, Westport, Connecticut, USA, and Old Hill Partners, Inc., together with Patriot Group LLC, in Darien, Connecticut. caused me a loss of $ 800, 000 USD, using Private hedge fund scheme .
John C. Howe, Westport, Ct. Hedge Fund Executive Investigated for Tax Fraud and SEC Violations.
Whistleblowers International (WBI) has learned that John Christopher Howe, a private hedge fund manager, in Westport, Connecticut (United States), and his private hedge funds, are being investigated by the Internal Revenue Service (IRS) and Securities and Exchange Commission (SEC) for committing tax fraud and engaging in violations of United States securities laws.

The case involves not only Mr. Howe, but also his hedge funds—Patriot Group LLC, Old Hill Partners Inc, —both located in Darien, CT, and several off-shore funds that include Washington Special Opportunity Fund, Inc. (an off-shore Grand Cayman fund), OHP Opportunity Limited Trust (Bermuda), and possibly others.

The genesis of the case is a Boston whistleblower who turned Howe and his hedge funds into the IRS and SEC, alleging they committed tax fraud, and violations of securities laws. Although details as to the extent of the alleged frauds have not been made available to the public, according to the IRS regulations, the tax shortfall must be at least $2 million to qualify for an IRS whistleblower filing.

According to court transcripts and other documents obtained by WBI, the case started when Howe's Patriot Group, obtained a $20 million judgment against a debtor who defaulted on a loan during the U.S.'s 2008 economic downfall.

The debtor learned that Howe and his funds were tax cheats and informed Mr. Howe that he was going to report Howe and his funds to the IRS and SEC. According to court documents, Howe, in collaboration with two other creditors, tried to intimidate and retaliate against the debtor .

by forcing the debtor into bankruptcy. Subsequently, according to a letter written by the debtor's attorney to the creditors, the debtor ignored Howe's threats and actually filed a claim with both the IRS and SEC, providing evidence of Howe's tax fraud scheme and securities laws violations. In that letter, the debtor notified Howe that he was a whistleblower and warned Howe that any further retaliation would be met with the debtor suing Howe for violating the whistleblower anti-retaliation laws found in the U.S. Dodd-Frank Act and other statutes.

This case remains in U.S. Bankruptcy Court and under ongoing IRS and SEC investigations.

The John C. Howe fraud is certainly not the first whistleblower case of its kind filed in the United States. Since 2003, the United States has seen an increase in whistleblowers coming forward as part of whistleblower programs initiated by the Sarbanes-Oxley Act and the Internal Revenue Service, both offering whistleblowers a reward for successful prosecutions of whistleblower claims.