Friday, March 5, 2021

486 Sticky Hands

With tax season, comes the temptation for criminals to falsely submit tax refunds for financial gain. Today's Fraud of the Day from the Sun Sentinel highlights the case of one Miami native whose sticky hands left marks on 486 false refund submissions. Now, he's...

Spreading the Wealth

Listen to this Story The Federal Deposit Insurance Corporation (FDIC) protects against the loss of deposits made into accounts including checking, savings, money market and certificates of deposit (CDs) up to $250,000 per depositor and per banking institution. (This program, instituted after The Great Depression,...

Zig vs. Zag

Have you ever zigged when you should have zagged? It implies that you made a bad decision or choice and you took the wrong ''fork in the road'' so to speak. A story posted on News4Jax.com details the bad choices made by a Jacksonville...

Taxes Two-Step

Listen to this Story When it comes to taxes, don't mess with Texas—or Virginia, as it turns out. An article in the Richmond Times-Dispatch tells the story of a tax professional who filed fraudulent refund claims while managing the Northern Virginia office of a tax...

Finding New Ways to Fraud

The fraud business is not always an easy one. To state the obvious: the practice of fraud is illegal, and federal, state and local government officials make continuous efforts to end such activities. But we must ask ourselves, how does fraud continue to exist?...

Triple Tax Fraud Strike Out

It has been said by some that things happen in ''threes''? births, deaths – and arresting alleged tax refund fraudsters. At least that appears to be the situation unfolding in California, where – according to The Sacramento Bee – officials recently arrested three Sacramento...

Betrayed by Trust

Fraudsters are experts at betrayal. But before betrayal can happen, one must trust in the betrayer. An article published in The Franklin County Times tells the story of one woman and 20 other individuals who betrayed the government by stealing more than $10 million...

Prison and Restitution for Tax Refund Fraud

Between now and April, millions of Americans will file their tax returns. Unfortunately for some, fraudsters will beat them to the punch and steal their hard-earned cash. As with most things in life, knowledge is power – Americans need information about how fraudsters will...

A Decade in Jail

A decade is a long time. Whether you're thinking back over key milestones (e.g., your kid starting high school, graduating, going on to college, starting his/her first job, etc.) or counting down the days until a decade of jail time is over, you'll likely...

Go Big or Go Home

Criminals are known for ''going big'' or trying to steal as much as they can so that they can live extravagant lives. (After all, they usually reason that the ill-gotten money will allow them to buy luxury items such as designer clothes, expensive cars...
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