Cover Your Assets

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For income tax fraudsters, one of the most difficult problems is determining how to hide the fact that you haven’t been paying taxes. I think we can all agree that putting assets under your ex-wife’s name is probably one of the more sure-fire ways to be caught doing this. Today’s “Fraud of the Day” follows a retired lawyer in Hawaii who moved to Oregon and is accused of evading $744,000 in personal income taxes by doing just that. (It seems with that much money you could afford to pay taxes.)

Today’s fraudster used to be a commercial litigation lawyer in Honolulu, Hawaii before retiring to Oregon. After retiring, our man repeatedly used cashier checks to buy cars, but placed those cars in his ex-wife’s name. According to the indictment, he is accused of registering and putting the title of a 2013 Subaru Legacy under his ex-wife’s name. He then did the exact same thing again five months later, but this time with a 2013 Toyota Prius. (Don’t people usually try to HIDE assets from their exes?)

However, our entrepreneurial fraudster didn’t stop there. He is also accused of paying $72,000 in cash for a Beaverton home and placing that property in the name of a Hawaii-registered LLC. According to the indictment, he also paid for other properties in Hillsboro and Portland by using the same method. (Say what you will, but he sure is consistent in his ways.)

On top of these charges, the Oregon resident is facing charges for making false statements on a court document, allegedly having falsely stated he received no rental income, interest or dividends as part of a civil case against the National Transportation Safety Board. That case is even more baffling, as the fraudster accused the government body of withholding information related to radar activity involving the missing Malaysia Airlines flight MH370, a story that took over news cycles in 2014. That case was dismissed. (Maybe he would have better luck trying to get to the bottom of the Roswell incident.)

Today’s “Fraud of the Day” is based on an article entitled, Retired lawyer accused of hiding cars, property in alleged tax fraud,” posted on on October 22, 2018.

A retired lawyer in Hawaii who moved to Oregon in 2012 is accused of evading $744,000 in personal income taxes.

A federal grand jury returned a two-count indictment against Bruce L. Lamon, 63, alleging he failed to pay taxes from 2008 through 2013, and hid rental property income and car purchases.

Lamon worked in commercial litigation at a firm in Honolulu from 2006 through 2012, when he retired and moved to Hillsboro.

Since his retirement, he’s accused of using cashier checks to pay for cars but placing the cars in his ex-wife’s name. He’s also accused of buying rental properties in Oregon using the name of a Hawaii-based company to avoid detection by the Internal Revenue Service.

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Larry Benson, Senior Director of Strategic Alliances, LexisNexis Risk Solutions - Government

Larry Benson is responsible for developing strategic partnerships and solutions for the government vertical. His expertise focuses on how government programs are defrauded by criminal groups, and the approaches necessary to prevent them from succeeding.

Mr. Benson has 30 years of experience in sales and business development. Before joining LexisNexis® Risk Solutions, he spent 12 years founding and managing two software technology startups. During the 1990s he spent 10 years as a Regional Director helping to grow a New England-based technology company from 300 employees to 7,000. He started his career with Martin Marietta Aerospace working on laser guided weapons and day/night vision systems.

A sought-after speaker and accomplished writer, Mr. Benson is the principal author of “Fraud of the Day,” a website dedicated to educating government officials about how criminals are defrauding government programs. He has co-authored WTF? Where’s the Fraud? How to Unmask and Stop Identity Fraud’s Drain on Our Government, and Data Personified, How Fraud is Changing the Meaning of Identity.

Benson holds a Bachelor of Science in Physics from Albright College, and earned two graduate degrees – a Master of Business Administration from Florida Institute of Technology, and a Master of Science in Engineering from Lehigh University.