Wednesday, December 13, 2017

The Truth about Lying

Never lie to the Internal Revenue Service (IRS). (Falsifying information about your earnings is not a good idea at all.) A New Hartford businessman tried to avoid paying taxes by reporting incorrect earnings on his business tax returns, but eventually, the IRS caught him...

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,...

Good Graces

It's important for small business owners to stay in the good graces with the Internal Revenue Service (IRS). A North Carolina couple, who operated an online business, neglected to report their gross earnings and fell out of the good graces of the IRS. An article...

Benefit Buffet

Fraudsters tend to see government benefit programs as a smorgasbord serving up an abundance of free money. A business owner, who operated six substance abuse counseling centers in Oklahoma, received more than $1.5 million in Medicaid reimbursements she did not deserve. It is reported that...

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...

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...

Web of Fraud

When the Internet was first created, it was intended to be a tool for scientists to share information. Now, the World Wide Web connects every one who can get online, provides a mechanism for commerce that delivers goods and services all over the world,...

Serving Up Fraud for Dinner

Restaurant customers love to peruse menus for tasty meals that will satisfy their hankerings. (Whether a blue plate special or a gourmet dish, they expect to have a tasty experience no matter how much they pay.) Customers understand that there are additional costs associated...

Fueling Fraud

Beginning in May 2007, the Energy Independence and Security Act required petroleum refiners and importers to have renewable fuel in their product mixes. They could meet this requirement by purchasing credits from renewable fuel producers. A Department of Justice press release tells about how...

The Perfect Plot

Filmmaking is a risky business and in order to get investors to commit to a project, movie producers often look for tax incentives to entice a production company to come to a particular location to film. Company executives are usually sent in to hire...
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