Category Archives: Tax Fraud

If You Admit Fraud…(Part 2)

Posted on September 19, 2006 by Russ

A little over a month ago we wrote about a Tax Court case where the petitioners had admitted fraud, but wanted to get out of paying the §6663 penalty for fraud. At that time we said, “For once you say … Continue reading →

Posted in Tax Fraud | Comments Off on If You Admit Fraud…(Part 2)

Largest Tax Fraud Case In US History

Posted on September 8, 2006 by Russ

Walter Anderson, a former telecommunications executive, pleaded guilty to evading $200 million in taxes today. Anderson had apparently hid $450 million in offshore bank accounts in the Channel Islands and elsewhere. In the not-so-brilliant category, investigators found a copy of … Continue reading →

Posted in Tax Fraud | Tagged | Comments Off on Largest Tax Fraud Case In US History

If You Admit Fraud, It’s Hard to Deny Fraud

Posted on August 8, 2006 by Russ

The Tax Court today looked at a case where the government went after a couple who had been convicted of insurance fraud. The problems began in 1998, when the fraud was committed. There was $272,963 in unreported income. As you … Continue reading →

Posted in Tax Fraud | 3 Comments

Miami Vice

Posted on August 8, 2006 by Russ

Former Atlanta Mayor Bill Campbell will begin serving his 2 1/2 year sentence on August 21st. Campbell’s request to stay free while appealing his sentence was denied last week by Judge Richard Story. Story noted that Campbell “as not shown … Continue reading →

Posted in Tax Fraud | Tagged | Comments Off on Miami Vice

Soccer and Crocodiles

Posted on July 27, 2006 by Russ

I promised that I wouldn’t write about soccer anymore. Well, I’m going to try not to, but I can’t help myself. Dutch soccer coach Guus Hiddink will be prosecuted for tax fraud according to this story. And many Americans will … Continue reading →

Posted in Tax Fraud | Comments Off on Soccer and Crocodiles

Hovind Pleads Not Guilty; Dinosour Land Defunct

Posted on July 18, 2006 by Russ

Kent Hovind, who we wrote about last week, has pled not guilty to 58 counts (mainly tax fraud). His trial was set for September 5th. Hovind claims he’s employed by God; among the charges are violations of bank reporting requirements … Continue reading →

Posted in Tax Fraud | Tagged | Comments Off on Hovind Pleads Not Guilty; Dinosour Land Defunct

Almost Impossible to Trace

Posted on March 22, 2006 by Russ

Don’t try this at home. Suppose you set up some offshore companies. You take investors’ money and buy gold coins (making the money harder to trace). Add a few shell companies, here and abroad, ignore those pesky IRS (and Treasury) … Continue reading →

Posted in Tax Fraud | Comments Off on Almost Impossible to Trace

Shades of Western Tax Service

Posted on March 7, 2006 by Russ

In Maryland, a certified accountant was arrested on tax fraud charges. Allegedly, he inflated deductions, and inflated his tax preparation charges. He apparently used some of the $300,000 his scheme raised to buy property. Story: Baltimore Sun

Posted in Tax Fraud | 1 Comment

Crime Log: Nursing Homes Pay Well…

Posted on February 11, 2006 by Russ

…when you withhold taxes from employees and keep them. Crime does pay, as long until you get caught. Take nursing home owner Jack Easterday, formerly of Alameda, CA, and soon to be residing in a federal penitentiary. Mr. Easterday was … Continue reading →

Posted in Tax Fraud | 4 Comments

The Saga of Western Tax Service Draws to a Close

Posted on February 9, 2006 by Russ

Samuel Joseph DeAngelo headed Western Tax Service. It attracted tax clients quickly as it averaged $2,500 refunds for each customer. It’s techniques were certainly interesting, and come from the Richard Hatch School of Tax Preparers: – Making up false deductions … Continue reading →

Posted in Tax Fraud | Tagged | 3 Comments