Category Archives: Tax Fraud

$6.8 Million and 10 Years

Posted on March 15, 2007 by Russ

Back in November I wrote about the Ozbay family of Schenectady, New York. They didn’t commit one piece of tax fraud. No, they committed lots of tax fraud. They didn’t pay income tax, they structured their transactions, and they didn’t … Continue reading →

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Plenty of Fraud to Pass Around the Table

Posted on March 12, 2007 by Russ

Well, it’s time for an uber-post. We’ve got plenty of fraud to share, with two practitioners in trouble, an IRS agent, what should be a circus of a trial, and a pilot that may be grounded. First up comes one … Continue reading →

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Complaining Will Get You Trouble…When You’re Guilty

Posted on March 6, 2007 by Russ

Last year I wrote about David Richardson of nearby Huntington Beach. Mr. Richardson was indicted on five counts of tax fraud (filing false claims), after filing multiple phony refund claims. But what made Mr. Richardson special was what he did … Continue reading →

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Impersonation Pays Until Found Out

Posted on March 1, 2007 by Russ

I never inspired to be a football player; I’m just not big. I do enjoy watching football games, as my friends are well aware. Joe Bowden enjoyed a nine-year career as a linebacker with Houston, Tennessee, and Dallas (he’s now … Continue reading →

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Wade Cook to Face Retrial

Posted on March 1, 2007 by Russ

Wade Cook, convicted last week for not reporting all of his income, will be retried on tax fraud charges. Additionally, his wife, who also had a hung jury, will also be retried. The Seattle Times reported that the new trial … Continue reading →

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Fraud, With a Capital F

Posted on February 21, 2007 by Russ

It’s time for yet another round-up of tax fraud. We have some of the usual suspects, but there is one that rises to the top. I wrote about Wade Cook in December 2005 when he was indicted for tax fraud. … Continue reading →

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Murphy’s Law

Posted on December 8, 2006 by Russ

The Seventh Circuit Court of Appeals today ruled on the appeal of Glen Murphy, a Wisconsin Chiropractor, who had earlier been convicted of seven counts of filing false tax returns and three counts of not filing tax returns. After being … Continue reading →

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Just a Pinch of Fraud

Posted on November 20, 2006 by Russ

Three stories today, all with a recurring theme: fraud. We’ll look at a new but not so good method to sell for less. Then we’ll take a peak at two accountants, and how they made money…for themselves. Tommy James Hudgins … Continue reading →

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The Structure Fails for this Pharmacist

Posted on November 15, 2006 by Russ

The drug store. That place where we fill our prescriptions, buy our sundries, and maybe have a malt at the counter. Saad Kamil Deeb owns Citizens Pharmacy in Welch, West Virginia. According to the US Department of Justice, he allegedly … Continue reading →

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A Reminder About Being Frivolous

Posted on November 14, 2006 by Russ

Every so often I have to educate my clients that if it sounds too good to be true, it probably is. Today, the Tax Court educated a businessman that S Corporations are flow-through entities: in general, the owners of an … Continue reading →

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