Here's one delinquent taxpayer who may not find many sympathizers as she works her way through bankruptcy proceedings - Casey Anthony. Anthony stood trial for murder after her two-year-old daughter disappeared and was later found dead.
Hedge fund manager and CPA administrator Jonathan Davey was convicted by a jury in Charlotte, North Carolina, on February 8 for a $40 million Ponzi scheme. Ten other defendants were also convicted in the case.
Six people were sentenced for a nationwide scheme that caused the filing of tax returns for at least 180 clients from thirty different states, requesting more than $160 million in fraudulent tax refunds.
Florida tax return preparer Torrey Burden allegedly fabricated and inflated deductions and credits to fraudulently reduce customers' tax liabilities. The IRS projects that the tax loss from the returns prepared by Burden could exceed $1 million.
A tax return preparer in Florida allegedly falsified tax returns that cost the US Treasury more than $17 million. After examining over 250 tax returns, the IRS found that over 90 percent understated the taxpayer's liability.
Masood Chotani, a CPA and tax return preparer, was indicted by a federal grand jury on charges of engaging in a scheme to file false tax returns with the IRS using the names and Social Security numbers of deceased individuals.
The movie was supposed to involve Hollywood giants like Kevin Costner, Ron Howard, and James Brooks. It was supposed to be based on the book "A Matter of Time" and make the book's author, Don Kirchner, a fortune.
A Florida woman – who owned or controlled undeclared foreign financial accounts in excess of $42 million in 2007 and who caused a tax loss to the government of approximately $667,716 – has been ordered to pay a $21 million civil penalty.
The Justice Department is seeking to shut down two income tax preparers for falsifying tax returns costing the US Treasury more than $100 million. According to the complaint, they repeatedly prepared tax returns that understated customers' federal tax liabilities.
Wester Cooley once belonged to the House of Representatives as a congressman from Oregon's second district. That was back in 1995 when he served one term. A lot has happened since then, and most of it hasn't been good.
It seems nobody is safe from the phishers. The AICPA works hard to keep readers aware of fraudulent e-mails from other sources. They themselves were recently used again in an attempt to hook new victims.
A New Jersey CPA was sentenced to fifty-four months in prison for a $500 billion fraud scheme. In addition to his prison term, he was sentenced to three years of supervised release and ordered to pay $43,582,699 in forfeiture.
It wasn't our fraud! That was a big part of the overall defense presented by two men accused of helping Texas financier R. Allen Stanford cover his tracks when he bilked trusting investors out of $7 billion.
Today's tax crime cases include that of a woman who's headed to prison for close to two years for filing at least seventy-six fraudulent income tax returns, falsely claiming refunds of approximately $533,434.
In mid-November, nine people were indicted by a federal grand jury on charges of tax fraud conspiracy and identity theft. The defendants include four former athletes from USD and one current member of its football team.
Today's tax crime news includes a case against a Virginia tax fraud promoter whose customers allegedly filed more than $67 million in false refund claims, and a New York tax preparer charged in a scheme involving $7 million in fraudulent deductions.
Today’s Crime Watch includes coverage of a Barbados national sentenced to 114 months in prison and ordered to pay restitution of just under $1.7 million for devising and executing a stolen identity federal income tax refund fraud scheme.