Monday, June 18, 2018
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Business Tax Fraud

Fake It ‘Til You Make It

A family who owned and operated a counseling business in Georgia successfully faked a vast amount of documents, then submitted them to Medicaid. Their fraudulent efforts paid off initially and they received more than $3 million from the government health care benefits program. (However,...

Duping with Dad

When a group of people set their minds on defrauding the government, and try really hard to do so, they'll find a way. But they won't as easily find a way out of prison. Recently, the U.S. Attorney General's office exemplified this in a...

What a Pile of Scrap

Fraudsters are always coming up with new and innovative ways to carry out their crimes, however, today's "Fraud of the Day" shines the spotlight on a North Carolina businessman who used a simple and oft used technique to hide his fraudulent acts. He thought...

Fraud Minion

When you think about minions, usually a cute yellow blob that loves bananas and wears blue jean overalls comes to mind. Even though the popular animated figures assist a former professional criminal portrayed in a popular children's movie, the fictional characters are generally seen...

The Heart of the Matter

What lies at the heart of all fraud is the desire to enrich one's own life at the expense of others. In an elaborate and sophisticated tax fraud scheme, a restaurant owner in Arizona used illegal aliens and the federal government to amass a...

Ziggies Bad Zag

The idiom regarding ''zigging when one should have zagged'' refers to doing one thing, when something else should have been done. (It usually means that bad choices lead to unfortunate results.) An entrepreneur who owned a restaurant chain named ''Ziggies'' got into trouble when...

Fraud Chaser

The term "ambulance chaser" refers to lawyers who help clients to obtain damages related to a personal injury. The man at the center of today 's "Fraud of the Day" could be called a "fraud chaser" because he used his ambulance company to chase...

Behaving Badly

A former well-respected attorney in Santa Barbara, California behaved badly by not paying his taxes. He used the unpaid taxes to live a lavish lifestyle and to go gambling. The former criminal defense attorney neglected to report that he had earned $3,590,185 to the Internal...

Patients as Commodities

When you think of the term ''commodity,'' things like oil, natural gas, grain, or livestock come to mind. An article in The Chicago Tribune tells about a doctor known as the ''king of nursing homes,'' who essentially traded patient referrals as commodities. His part...

Underreporting Income Produces Fraud

According to the Internal Revenue Service (IRS), the favorite form of tax evasion in the United States happens to be underreporting income. This happens when a taxpayer either claims less money than they actually made or they claim more deductions, exemptions and credits than...
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