Friday, December 15, 2017

Starving Artist

Stolen Identity Refund Fraud (SIRF) is estimated to cost the U.S. Treasury more than $2 billion a year. This type of fraud involves using stolen Social Security Numbers and personal identifying information to file false tax returns with the Internal Revenue Service. In today's...

Inside Job

Fraudsters often try to fly under the radar so that their illegal acts can go undetected. This often requires some help from the inside where fraudsters abuse their positions of power to steal from others. The Atlanta Journal Constitution details how two former bank...

A Drop in the Bucket

Fraud can go undetected when small amounts of money are taken over time. An article published by the Capital Gazette tells the story of one woman who ran a small scale tax fraud scam and stole more than $12,000 in Maryland state tax refunds....

Serious as a Heart Attack

Just as a massive heart attack can cause extensive damage to the heart, a massive fraud attack can also deliver a significant amount of damage. Tax fraud schemes, which are organized by opportunistic criminals, cause large amounts of federal money to be wrongfully disbursed....

Government Gets Real with Refund Fraudster

Here's a clear message from the U.S. government to would-be thieves that exploiting honest, taxpaying Americans to drain the U.S. Treasury of their income tax refund money will not be tolerated. A news release published by the U.S. Department of Justice announced that a...

The Price is Wrong

This 34-year-old fraudster was able to commit tax refund fraud and other types of fraud while in federal prison or on supervised release, according to a press release issued by the U.S. Attorney's Office, Southern District of Ohio. According to court documents, this Buckeye...

Soldiers Feel Financial Burden of Tax Refund Fraud

Today we have an example of a woman who stole and exploited soldiers' identities to make a quick buck. (Well, $65,356.84, to be exact.) According to a press release published by the U.S. Attorney's office, a Maryland woman abused her access to soldiers' personally...

Layoffs at the Fraud Factory

Creating a rap label to cover up massive fraud fiefdom shows a level of hubris and extravagance that's beyond the average fraudster. The Associated Press reports that a self-proclaimed ''Money King'' attempted to channel more than $100 million in stolen income tax refunds into...

A Taxing Affair

Having and managing debt can be stressful, and sometimes you just need some help. Unfortunately, whenever there is money involved, you need to be careful from whom you solicit that help. (As my mother would say, ''I'm not judgmental...I'm choosy!'') The Charlotte Observer reports...

Booming Business in Fraud

TNT might be a dynamite name for a business—until it blows up in your face. Believe it or not, TNT Taxes is the name of a firm that advertised tax preparation services specializing in individual taxes and ''amendments,'' according to a report by the...
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