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A&A

SEC Charges CFO with Diverting Company Dollars

The SEC has charged a former CFO of a Minnesota-based computer networking device manufacturer for secretly diverting company funds to cover unauthorized personal expenses and other employees' entertainment expenses.
Tax

The Prince of Tax Trouble?

Not only is recording artist Prince in deep with the IRS, but his tax troubles now extend overseas as well. Prince was summoned by the IRS at the request of French authorities to appear before the French tax agency.
Tax

Tax Preparer Arraigned on 25-Count Indictment

A Texas tax preparer has been arraigned for preparing and presenting false federal income tax returns on twenty-five separate occasions between 2008 and 2011.
Watchdog

CFO Accused of Murder-for-Hire on His Employer's Dime

Wealthy Texas CFO Frank Howard is accused of embezzling millions from his employer. This comes on the heels of his arrest in late August for allegedly hiring a teenage hit man to kill his wife.
Watchdog

Business Owner Pleads Guilty to Tax Fraud

A Garden Grove, California, business owner who built small electronic airplane parts for C5 cargo planes and F18 fighters has pleaded guilty to tax fraud.
Tax

Six Indicted in $1.2 Million Conspiracy

A federal grand jury in Montgomery, Alabama, returned a superseding indictment charging six Alabama women with conspiring to file false tax returns using stolen identities.
Tax

Fifteen-Year Prison Sentence for Tax Fraud

Gino Carlucci was sentenced to 188 months in prison for his role in conspiracies to commit money laundering and to defraud the IRS as well as for filing a false income tax return.
Tax

Tax Return Preparer in Kansas Shut Down

A federal court in Kansas City, Kansas, has permanently barred Ahferom Goitom from preparing federal tax returns for others.
Tax

Tax Refund Fraud to the Tune of $2.8 Million

Larreka Jackson, an Alabama tax preparer, was indicted on twenty-five counts for conspiring to file false tax returns using stolen identities, filing false claims, wire fraud, and aggravated identity theft.
Tax

Husband and Wife Face YEARS in Prison

A married couple has been charged with running a fraudulent advance fee scheme and tax evasion. The twenty-six count indictment seeks forfeiture of at least $3.7 million.
Tax

Fraudulent AICPA E-mail Targets CPAs

A fraudulent e-mail phishing scam was sent to CPAs, non-CPAs, and the general public on July 19 accusing the recipients of tax refund fraud and threatening license suspension.
Watchdog

Alaska Authorities Sniff Out Tax Scammers

While law enforcement officers were investigating drug dealers in Alaska, they turned up a fraudulent tax scheme that reportedly generated about $19 million in illegal federal income tax refunds.
Watchdog

Heartless Embezzler Behind Bars

Alan Jonas, who was accused of writing 161 checks to himself from a church in Southington, an elderly woman suffering from Alzheimer's disease, and a nonprofit group, is now in jail after embezzling over $500,000.
Tax

New York CPA Gets Two-Year Prison Sentence

Silford Warren of Queens, New York, was sentenced June 12 to two years in prison for failure to pay over employment taxes in connection with his ownership of Silford Warren, CPA PC.
Practice

BDO Accepts Deferred Prosecution Agreement

BDO USA LLP (BDO) the seventh largest US accounting firm, agreed on June 12 to pay a civil penalty of $34.4 million to the IRS and forfeit $15.6 million to the US government as part of a deferred prosecution agreement.
Tax

Business Owner Pleads Guilty to Excise Tax Crimes and Fraud

Jason W. Leas, a Minnesota resident and cofounder of Best Used Trucks of Minnesota Inc., is facing a potential maximum penalty of five years in prison for excise tax crimes and fraud.
Tax

IRS Throws Curve at Tony Gwynn's Ownership Bid

Baseball Hall of Famer Tony Gwynn is seeking to acquire an ownership interest in his former team, the San Diego Padres. But there's a potential problem - he reportedly owes more than $400,000 in back taxes.
Tax

The Tax 'Miseducation' of Lauryn Hill

Grammy Award winner Lauryn Hill has been charged with failing to pay taxes on income totaling $1.8 million.
Tax

Tax Preparer Caused $235,000 in Tax Loss to IRS

New York tax preparer pleaded guilty to one count of aiding and assisting in the preparation and presentation of a false and fraudulent return.
Tax

Six Indicted in $18 Million Tax Fraud Scheme

Six individuals have been charged with conspiring to defraud the United States in filing false tax returns.

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