Tuesday, April 23, 2019

No Laughing Matter

The Friars Club is a private institution in Manhattan, New York known for uproarious roasts and celebrity events for its members who are well-known in the entertainment industry. (Famous members include the likes of Frank Sinatra, Jack Benny and Lucille Ball as well as current entertainers...

The Bottom Line

The term “bottom line” generally refers to the last line of a financial statement that reveals whether an organization is making a profit or loss. It can also describe the most important thing that should be considered. The bottom line of today’s fraud article...

Investigating the Investigator

The job of an Internal Revenue Service (IRS) Criminal Investigator is to pursue individuals who break the tax law. So, it is ironic that a Sacramento, California woman, who worked for the IRS Criminal Investigation Division as an investigator, found herself being pursued by...

Stepping on the Little Guys

Fraudsters are very experienced in stepping on the “little guys.” In an ironic twist, a Philadelphia, Pennsylvania man – who was deemed a pioneer in standing up for “the little guys” – actually took advantage of them – American tax-paying citizens and the U.S....

Thank You for Not Frauding

The history of “buttlegging,” or cigarette smuggling, is unfortunately rather established on the east coast of the US. The practice has commonly been used by organized crime and terrorist organizations to defraud the government of money and raise illicit funds. In fact,...

Hazy on the Details

Americans spend around $40 billion per year on the purchase of legal and illegal marijuana. While the number of states that have passed legislation legalizing the use of marijuana for medical purposes and recreational use has increased, it’s still a federal crime to grow...

Henchman

Where there is an abundance of money, greed and corruption are usually nearby. Such is the case with “Operation Spinal Cap,” a massive sting operation run by the Department of Justice (DOJ). A Palm Desert, California man is the latest individual to plead guilty...

Frowned Upon

The global anti-aging market is growing rapidly and is expected to reach $331.41 billion by 2021. Today’s fraudster from Germantown, Ohio used his great-grandmother’s recipe for anti-wrinkle serum to take advantage of this expanding market. He funded college tuition for his children,...

Work Perks

There are a number of perks that can come with a job. Your company could have season tickets to the local sports team you can access. Or, maybe you work in a restaurant and are allowed to eat for free. Perhaps, you work for...

Cover Your Assets

For income tax fraudsters, one of the most difficult problems is determining how to hide the fact that you haven’t been paying taxes. I think we can all agree that putting assets under your ex-wife’s name is probably one of the more sure-fire ways...
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