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Former client sues John Mathewson for turning him in to the IRS

A businessman who has been criminally indicted for alleged tax fraud in the United States is suing former Cayman banker John Mathewson for turning him in to the IRS.It is believed to be the first time that a client of the now defunct Cayman-based Guardian Bank and Trust has sought damages against Mathewson for handing over the bank's records to the US authorities.Leon Denning, who was indicted on eight counts of tax fraud at the US District Court for the Northern District of Illinois on March 29, 2001, filed a civil suit against Mathewson at the same court on August 9.