Tuesday, October 23, 2018

New Jersey Woman Gets Prison Time for Student Loan Fraud

Going on to higher education can be quite pricey, so the need for student loans is pretty common. But what about when you start applying for upwards of 90 student loans in the time span of four years? Better yet – what about when...

The Walking Dead

There are some people in this world who are a bit disingenuous. You know the type? they say one thing and do another. And, of course, there are fraudsters – people who lie to steal (usually) money that belongs to someone else. But the...

Dialing for Medicare Dollars

Telemarketing calls can be highly annoying, especially when the phone rings during dinner. An article in The Chicago Business Journal tells about the owner of a telemarketing company, who may have annoyed one person too many and got into trouble for dialing for Medicare...

Government: Silo your data at your own risk

According to the Identity Theft Resource Center, so far there have been 1,120 data breaches in 2017 alone, compromising more than 171 million records. These records include names, birth dates, Social Security numbers (SSN), addresses, phone numbers and more – all the components needed to use a stolen identity to commit fraud. These records – and the corresponding identities – are now on sale all over the dark web. According to the 2017 LexisNexis Fraud Mitigation Study, criminals who commit fraud in one industry are likely to commit fraud in other industries, as well.

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...

Keep on Trucking

People who qualify for and receive disability payments can also be compensated for working while receiving a monthly payment as long as they follow specific rules set forth by the Social Security Administration (SSA). One Mississippi man thought he could avoid reporting his job...

High Flying Fraud

Fraudsters often are apprehended for one reason, then investigators delve a little deeper to find out more than they anticipated. (It's kind of like peeling back the layers of an onion. The deeper you go, the smellier it gets.) A man who was originally...

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...

5 Technology Trends Agencies Use to Combat Tax Refund Identity Fraud

Deborah Smith, MBA, LexisNexis Risk Solutions Former Executive Director, Personal and Business Taxes, Ohio Department of Taxation Thanks to advances in technology, tax return preparation and submission doesn't have to be the chore it once was. The process of filling out complex tax forms has been...

All Fraud Must Come to an End

Hospice services are for people who are facing a terminal illness. A team of doctors, nurses, hospice aides, counselors and volunteers usually work together to provide the best quality of life possible for those facing the end of their lives. Today's ''Fraud of the...
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