Friday, July 3, 2020

The High Price of SIRF

Stolen Identity Tax Refund (SIRF) fraud costs the United States Treasury and law abiding taxpayers billions of dollars. (Perpetrators of SIRF fraud are difficult to catch and prosecute because it is easy to hide behind the anonymity of electronic tax returns.) A story posted...

Truth is Stranger than Fiction

Real life can often be stranger than fiction as exemplified by an article posted on WKYC.com, which tells about a man who created multiple fictitious companies and non-existent employees in order to bilk unemployment insurance benefits from four different states. He and three co-conspirators...

Adding Insult to Injury

Things can always go from bad to worse. An article published in the Telegram & Gazette confirms this idiom by telling the story of a Worcester woman accused of stealing the identity of her boyfriend's ex-wife and fraudulently using it to obtain disability benefits....

Violated by Fraud Part 2

This is a continuation from Friday's Fraud of the Day detailing a true story of a LexisNexis colleague's overwhelming experience with identity theft. Let's just call him Bill. If you haven't read last Friday's Fraud of the Day, click here. They leveraged a resource in the...

They Don’t Care Who You Are

Identity thieves are devious. Most people think that if you are wealthy and have a lot to lose, then you are more likely to be targeted. (The truth of the matter is that identity thieves are non-discriminatory. They'll take advantage of anyone's personal information...

Paying Respects

There are many ways to pay respects to someone who has died. You can attend the funeral, give a eulogy, send flowers or make a donation to the deceased person's favorite charity. An article in The Washington Post reports that the U.S....

A Car Loan before Kindergarten?

Parents expect to worry about certain things? are their kids hitting all the key developmental milestones? Should the kids be spending so much time on the computer? Are they doing well in school? Now, according to today's fraud from The Salt Lake Tribune, they...

Always Ask Questions

If something sounds too good to be true, be suspicious and ask questions. A story in The Atlanta Journal-Constitution tells about how a Georgia tax preparer convinced 5,000 unsuspecting victims to let him submit their tax returns as part of a $5 million tax...

A Cautionary Tale

How carefully do you safeguard your identity? You might think you do a pretty good job of keeping an eye on your credit report. That may not be enough. Consider this scenario? imagine for a moment that you fall on some tough times. You...

Absolutely Corrupt

Corruption occurs when someone abandons ethical standards in order to commit an illegal or immoral act for personal gain. Fraud always involves corruption. It is a selfish and dishonest act carried out at the expense of others. The Montgomery Advertiser reports...

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