Tuesday, February 7, 2023
HomeUS NewsBillionaire Ken Griffin sues IRS after tax records leak to ProPublica

Billionaire Ken Griffin sues IRS after tax records leak to ProPublica

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Billionaire hedge fund manager Ken Griffin sued the Internal Revenue Service and U.S. Treasury Department on Tuesday, citing “unlawful disclosure” of his tax information.

In a complaint filed in federal court in the Southern District of Florida, the 54-year-old founder and CEO of the investing firm Citadel, accuses the IRS of violating “legal obligations to safeguard and protect his information from unauthorized disclosure,” and willfully and intentionally failing to “establish appropriate administrative, technical or physical safeguards” over its record system.

Starting in June 2021, in an unusual breach of tax return confidentiality, tax data about some of the richest Americans including Jeff Bezos, Warren Buffett and Elon Musk were released by ProPublica. The news organization published articles mentioning Griffin and using information from his tax records in April 2022 and July 2022.

Story Credit: usatoday.com

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