Tuesday, November 29, 2022

Faker

Not to be an alarmist, but if you somehow forgot to file your 2018 Income Tax Return, you’ve got until 11:59:59 pm tonight. If you need more time, visit the IRS website here to find out how to file  an extension. (Just a suggestion – don’t...

Repeat Offenders

It is interesting to examine the rate of recidivism, or the tendency for a convicted criminal to become a repeat offender. According to a special report by the U.S. Department of Justice, 68% of released prisoners were arrested within three years, 79% within six...

How It All Played Out

The Washington, DC-based Armed Forces Foundation (AFF) was founded to promote morale, welfare, and quality of life for military families. Instead, AFF’s former president and executive director stole foundation funds and committed tax fraud to elevate her own quality of life. A federal jury convicted...

Thank You for Not Frauding

The history of “buttlegging,” or cigarette smuggling, is unfortunately rather established on the east coast of the US. The practice has commonly been used by organized crime and terrorist organizations to defraud the government of money and raise illicit funds. In fact,...

Stepping on the Little Guys

Fraudsters are very experienced in stepping on the “little guys.” In an ironic twist, a Philadelphia, Pennsylvania man – who was deemed a pioneer in standing up for “the little guys” – actually took advantage of them – American tax-paying citizens and the U.S....

Covering Assets

In today’s “Fraud of the Day,” a Las Vegas, Nevada man tried to guard against the legal ramifications of hiding more than $3 million dollars in assets from the Internal Revenue Service (IRS). Read on to find out how his tax fraud scheme and his hidden...

Schemers are Dreamers

The primary function of the Internal Revenue Service's (IRS) Scheme Development Center (SDC) is to detect suspicious criminal activity involving tax and related financial investigations and to assemble information on the suspected individuals and entities involved. (One of their responsibilities is to investigate tax...

Suppressing Tax Fraud

Deceptive business owners avoid paying taxes in similar ways as unscrupulous individual tax payers. They can under report income, inflate their deductions, claim too many tax credits or hide money through money laundering schemes. The owner of a Chicago-area restaturant famous for its margaritas...

Hazy on the Details

Americans spend around $40 billion per year on the purchase of legal and illegal marijuana. While the number of states that have passed legislation legalizing the use of marijuana for medical purposes and recreational use has increased, it’s still a federal crime to grow...

She’s Not Smiling Anymore

Dentists specialize in smiles. (They can turn a frown upside down with a variety of options that usually cost a lot of money and are not covered by your dental insurance plan.) A Cordova, Tennessee dentist who owned two dental practices made a lot...
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