Friday, December 15, 2017

Loaded Diapers

Diapers have been known to hold a lot, and a mother-daughter team decided to use them to hold something a little different. The diaper duo concealed approximately $2.4 million in cash in diapers and baby towels that were hidden in their luggage on a...

In the Grand Scheme of Things

A sentence of 32 years is a long time to spend behind bars. You would think that amount of punishment would motivate a criminal to be on good behavior with the hopes of an early release. Not so for today 's fraudster, who was...

Count the Crimes

If there were ever a game show dedicated to fraudsters, it could be called "Count the Crimes." (Can't you imagine criminals competing for the prestigious designation of Criminal of the Week based on the number of crimes committed?) Today 's fraudster would definitely qualify...

There’s No Substitute for Hard Work

There are occasions when it's o.k. to have a substitute. For example, when a teacher is sick it is acceptable to bring in a substitute teacher to lead a class until the regular teacher can return. (But when emergency services are involved, you don't...

Improvements in Identify Theft and Tax Fraud Detection Capabilities for 2017

The Internal Revenue Service (IRS) has made great strides in detecting tax refund fraud. As of March 4, 2017, the IRS reported that it had identified and confirmed 14,068 fraudulent tax returns involving identity theft and prevented the issuance of $91.9 million in fraudulent...

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...

The Importance of Tax Identity Theft Awareness Week

Deborah Smith, MBA, LexisNexis Risk Solutions Former Executive Director, Personal and Business Taxes, Ohio Department of Taxation Tax season has arrived. In addition to collecting and organizing statements, charitable donations, medical expenses and other tax records, it is also important to protect yourself from becoming 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...

FISHing for Fraud

Sometimes it's better not to be number one. Being number one is usually associated with being a winner, but in today's ''Fraud of the Day,'' a Florida urologist who was deemed the number one referring physician in the country for a particular type of...

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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