Wednesday, January 23, 2019

Running Out of Gas

There is one primary thing that fuels fraud – greed. The former head of operations for a small Aleppo, Pennsylvania oil-and-gas company had plenty of greed to throw on the proverbial fire – enough to keep it burning for about four years while he...

Fair Share

It’s expensive to hire employees, but you can’t run a company without a workforce. In addition to benefits like medical insurance, vacation, sick leave and 401k plans, business owners must consider how much it will cost to pay these taxes: Social Security, Medicare, federal...

Crooks Defrauding Crooks

Some days you're the windshield and some days you're the bug. Today's fraud report is about a man who tried have it all and get rich by committing tax refund fraud and now has plenty of time to think about his actions. According to...

Playing with Dynamite

TNT, another word for dynamite, is a chemical compound used mainly for demolition purposes and mining. A Danville, Virginia man, who named one of his two tax businesses using the same three letters, committed tax refund fraud which ignited the federal government’s determination to...

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...

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,...

Bamboozled by Embezzlement

Embezzlement occurs when someone in a position of trust, such as an employee in charge of financial matters, uses an organization's assets for their own personal benefit. (Small organizations are often bamboozled by embezzlement because it is sometimes difficult to detect in smaller organizations...

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...

Making A Statement

People have been known to do some crazy things to get their point across. An article published in The Denver Post tells what happened to three Colorado Springs residents who stated they were only trying to make a political point by filing false documents...

Cowardly Behavior

Anyone who has seen the classic movie, “The Wizard of Oz,” is familiar with the lion’s false bravado that hid his true, cowardly disposition. While the famous fictional character is quite loveable, despite his foibles, today’s cowardly fraudster is not. An Overland Park, Kansas...
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