Friday, November 27, 2020

Swept Under the Rug

When new business owners set up their companies, it’s no secret that they must pay taxes to Uncle Sam. Depending upon the type of company established, businesses must pay income tax, estimated taxes, self-employment (if the company owner works for themselves), employment taxes, and...

Lying in Wait

In 2017, 16.7 million people were impacted by identity theft, proving that it can happen to anyone regardless of age, race, profession or income level. Even though identity theft can be a very annoying experience that endangers credit reports, very rarely does identity theft fraud endanger lives....

These Premiums Are A Steal – No, Literally

Generally, when you provide an annual payroll estimate to the government you want to make sure it is as accurate as possible. You wouldn’t want your estimate, for instance, to massively underreport payroll by more than one million dollars. That’s generally one of the...

Mayhem

Mayhem is a common law crime that is defined as an act of maliciously disabling or disfiguring a victim. As you might guess, it’s a very serious crime. (That’s why it is a felony.) A Los Angeles, California chiropractor recently pleaded guilty to workers’ compensation fraud,...

Deemed a Fraudster

Supplemental Security Income (SSI) is a disability program governed by the Social Security Administration (SSA) and designed to help vulnerable individuals who have demonstrated they have a financial need and a disability that prevents them from earning income. To qualify for SSI benefits, the...

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,...

The One That Got Away

A report compiled by the U.S. Department of Education’s Office of Inspector General states that student aid fraud cost the federal government nearly $200 million between 2009 and 2012. Today’s fraud article states that student loan fraud is growing because of the increase in the number...

Paranoia

Just the mention of “Internal Revenue Service (IRS)” or “taxes” in general is enough to cause paranoia in some individuals. Then, consider the fake robocalls that often trick consumers into paying money to the agency via credit card or wire transfer. (Just so you know, the...

Facing Change

The owner of a Lewiston, Maine counseling agency named “Facing Change” is ironically facing a great deal of change in her own life after being convicted for committing Medicaid fraud. She used her mental health and substance abuse counseling agency to steal more than...

COVID Feature: Beware of COVID-19 Scams

COVID-19 fraud scams are sweeping the nation via robocalls, texts, emails, and imposter schemes. As of April 28, 2020, the Federal Trade Commission (FTC) reported 27,820 consumer complaints related just to the virus outbreak, including 15,000 complaints about fraud. (Victims reported losing a median...
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