Category Archives: Tax Fraud

Nonexistent Inspectors Lead to a Real Cell at ClubFed

Posted on September 6, 2011 by Russ

Jay Vincent was a standout player at Michigan State. He was part of the squad that featured Ervin “Magic” Johnson that won the NCAA Championship over Indiana State in 1979. Mr. Vincent played in the NBA with stops in Dallas, … Continue reading →

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22 Years, But at Least He’ll be Away from his Wife and Mistress

Posted on August 30, 2011 by Russ

We’ve written about Thomas Parenteau before. His trial was straight out of a cheap novel: He was accused of tax fraud and money laundering while living in a 30,000 square foot mansion with his wife and his mistress. Last year, … Continue reading →

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You Didn’t Hear About the Woman Who Gave Birth to Nondecuplets?

Posted on August 22, 2011 by Russ

Well, back in December of 2002 a woman named Norma Coronel allegedly gave birth to nineteen children. I never heard of this, and with the birth supposedly happening in nearby Los Angeles, I’m certain that a woman giving birth to … Continue reading →

Posted in Tax Fraud | 1 Comment

Impersonating a CPA and Miscounting His Bankruptcies Lead to Five Years

Posted on August 15, 2011 by Russ

Nick Holquin, Jr. was a tax preparer in San Jose. He decided to invest in a Mississippi land development project. When the economy tanked, the project did, too. Mr. Holquin was able to get twelve individuals to loan him money … Continue reading →

Posted in Tax Fraud | 1 Comment

While I Was Out…

Posted on August 10, 2011 by Russ

…Nothing much happened, right? (I’m ignoring that AAA/AA+ thing, of course.) The IRS announced that Form 8939 for estates for 2010 will be due on November 15th. However, the form has yet to be released. Joe Kristan noted that the … Continue reading →

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Bozo Tax Tip #6: Foreign Trusts

Posted on April 10, 2011 by Russ

By far the worst tax schemes in the view of the IRS are offshore (foreign) trusts. In fact, trusts of all sorts—domestic and foreign—are regularly abused. First, not all trusts are bad. Many trusts serve a legitimate purpose, such as … Continue reading →

Posted in Tax Evasion, Tax Fraud | Tagged | 1 Comment

Bozo Tax Tip #10: Hot Air

Posted on April 4, 2011 by Russ

It’s time for our annual rundown of Bozo Tax Tips, strategies that you really, really, really shouldn’t try. But somewhere, somehow, someone will try these. Don’t say I didn’t warn you! We start off with a brand new Bozo Tax … Continue reading →

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$28 Million in Tax Fraud Gets Preprarer 6 Years at ClubFed

Posted on February 14, 2011 by Russ

Lester Morrison had a great business going. His “Tax Prep” (also called “24 Hour Income Tax Refund Service”) was doing a bang-up business in the Bronx and across the river in New Jersey. Their clients were quite pleased with their … Continue reading →

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Carpet Owner Gets a Year at ClubFed

Posted on February 1, 2011 by Russ

Leif Rozin is a former owner of Buddy’s Carpet in Cincinnati. Back in 2008 he was convicted on tax fraud charges. It took a while but he was finally sentenced last Friday; he received one year at ClubFed and must … Continue reading →

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A Fake Rabbi Commits Real Tax Fraud

Posted on January 18, 2011 by Russ

I guess I’m now beginning to be impacted by jet lag. I see a headline titled, “Fake rabbi admits million-dollar tax fraud,” and just go on. It hits me a few moments later, though, that this is real. The US … Continue reading →

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