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While at the IRS, Lerner audited an unnamed international bank for alleged underreporting of $1 billion in income with the help of a confidential whistleblower, said the statement and legal documents based on an investigation by the U.S. Treasury Inspector General for Tax Administration, an IRS watchdog unit.
Lerner was leading negotiations between the agency and the unnamed bank on a $210 million proposed settlement when he abruptly resigned from the IRS, the statement said.
Unknown to the agency, during the settlement talks Lerner had been seeking a job as tax director at the bank. He