Category Archives: Tax Evasion

Legaspi Gets 21 Months

Posted on October 5, 2014 by Russ

Francisco Legaspi didn’t want to go to jail. Back in November 1992, he pleaded guilty to tax evasion. Instead of showing up for his sentencing in January 1993, he headed to Mexico and then Canada to avoid prison. That worked … Continue reading →

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They Both Begin With “E”

Posted on September 21, 2014 by Russ

Here’s a good way to make some money (for a while). You create a phony vendor, and send invoices to your company for that vendor for work that was, of course, never preformed. The money from the phony vendor isn’t … Continue reading →

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Zuckermans Sentenced; No Word on Fido & Lulu

Posted on September 17, 2014 by Russ

Earlier this year I reported on the case of Mathew and Sandra Zuckerman. The Zuckermans stopped filing and correctly paying taxes back in 1986. When you’re doing something illegal it’s best to keep a low profile. The Zuckermans eschewed that … Continue reading →

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Cash & Carry

Posted on September 10, 2014 by Russ

Myong Ho Pak is the owner of Yama Sushi restaurant here in Las Vegas. The restaurant is popular and has done quite well; it features all you can eat sushi. It may have done a bit worse on its 2008 … Continue reading →

Posted in Las Vegas, Tax Evasion | 1 Comment

Lies, Deceit, and Nefarious Schemes

Posted on September 7, 2014 by Russ

As a poker player, I know there’s a time to lie. As a tax professional, I know that time is not while preparing your tax return or advising others on taxes. These individuals learned that the hard way. First, we … Continue reading →

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Former US Attorney Forgets to File

Posted on September 1, 2014 by Russ

Back in the 1970s, Lawrence Semenza was the US Attorney for Nevada. In a 2007 article in the Las Vegas Review-Journal, Mr. Semenza commented about how different the job was back then. After Jimmy Carter was elected President, Mr. Semenza … Continue reading →

Posted in Nevada, Tax Evasion | Tagged | 1 Comment

Once Bitten, Twice Shy

Posted on July 10, 2014 by Russ

Back in January 2007, Frederick John “Rick” Rizzolo was sentenced to a year and a day at ClubFed for his part in conspiring to defraud the IRS. Mr. Rizzolo was the owner of the Crazy Horse Too, an ‘adult entertainment … Continue reading →

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There’s No Trust Like a Sham Trust

Posted on June 29, 2014 by Russ

My dentist loves me…well, he loves my teeth. Years of orthodontia and ice hockey combined with some interesting genetics has helped my dentists make money off me. One local dentist decided to make money in a different way. Dr. Leslie … Continue reading →

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One Good Crime Deserves Another

Posted on May 18, 2014 by Russ

I’ve written about Nifty Fifty’s before. It’s a Philadelphia-area chain featuring food themed from the 1950s. The owners of the chain used ideas from the 1850s to help their profitability: They skimmed cash, paid employees in both paychecks and the … Continue reading →

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There Is No Tax Fairy (Yet Again)

Posted on April 27, 2014 by Russ

Joe Kristan has the story of two CPAs who told clients that there is a wonderful Tax Fairy, that mythical creature who turns income into deductions or credits through alchemy and magic. Unfortunately, the Tax Fairy doesn’t exist, and clients … Continue reading →

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