Bad Guys News

Madoff’s Florida luxuries bring in $2 million for his victims

11/18/2009 - 13:44 - 236 reads

Items once owned by infamous Ponzi schemer Bernard Madoff are being auctioned off to provide some restitution to victims.

New York CPA gets 33 months for stealing refunds

10/15/2009 - 08:44 - 1688 reads - 1 comment

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A Chappaqua-N.Y. based CPA has been sentenced to 33 months in prison for pocketing more than $320,000 of his clients' tax refunds over 11 years, acco...

Scammers calling themselves Coopers & Lybrand try to sell worthless investments

10/15/2009 - 02:06 - 1254 reads

The value of a reputation associated with a name was made evident recently when individuals claiming to be from an organization called Coopers & Lybrand tried to sell shares in worthless companies to investors.

Oregon CPA admits to filing false tax return for bookie

10/11/2009 - 14:35 - 1318 reads

A Redmond, Oregon-based CPA has pleaded guilty to assisting in filing a false tax return on behalf of a client who admitted to running an illegal gambling operation, the Department of Justice announced.

Texas woman barred from preparing tax returns

10/07/2009 - 19:26 - 1837 reads

A Mission, Texas tax preparer has been permanently barred from preparing tax returns for claiming improper credits on customers' federal income tax returns.

California sisters get jail time in father/daughter tax fraud case

10/07/2009 - 12:58 - 1805 reads

Two California sisters have been sentenced to six years in federal prison for their part in a $31 million scheme to defraud the Internal Revenue Service.

Brooklyn resident sentenced to prison for conspiracy to file false claims for tax refunds

09/17/2009 - 11:27 - 1882 reads

Odell Folks, of Brooklyn, NY, has been sentenced to prison for his participation in a false tax return scheme. Folks was sentenced to 77 months in prison and ordered to pay restitution of $489,292.

Federal court shuts down Nevada tax return preparer

09/17/2009 - 11:20 - 1732 reads

A federal court has permanently barred Francis Kenneth (Frank) Albert of Sparks, NV, from preparing federal income tax returns for others. The court found that Albert repeatedly engaged in fraudulent or deceptive conduct in preparing returns.