14 Nov 4 Exciting Tax Crimes from Recent Months
Fraudulent Tax Return Army
Antonio Cooper sentence was seven years in prison for being involved in a scheme that worked on getting millions of dollars in tax refunds.
He was involved in a massive scheme that included more than 130 people. The group kept on filing false tax refunds from 2005 to 2012, using ID’s that were either stolen or given willingly.
The entire case numbered around 12,000 tax returns which were worth at least $42 million.
The whole operation was very detailed, and different people had different roles. Some either stole ID information or used theirs or from other willing participants. Others filed the tax returns. Some were assigned in cashing the checks as they passed, using forged endorsements.
Cooper is not only one who was sentenced, as a few more were also convicted as well, while many others pled guilty.
Why Pay Taxes at all?
John Snyder, age 71, recently plead guilty after being charged for tax evasion for the year 2011.
He continuously failed to file returns in time, and when he did, he usually underreported his business income. He had a roofing company, and often, he cashed checks under his business and deposited the money into his bank accounts. Some of the unreported cash he used to pay his employees.
He will have to pay more than $400,000 in restitution, plus interest and several penalties. He will also have to spend five years in prison and pay a fine of $250,000.
The Prince of Nigeria
35-year-old Emmanuel Kazeem of Nigeria has been sentenced to a total of 15 years in prison for leading an operation that stole IDs and used them to file fake tax returns.
Kazeem had a whole operation in Georgia and Maryland, which included several people and an organized system of using other people’s ID to file tax returns.
When they were caught, and their whole operation got busted, the police found over a hundred debit cards, tens of thousands of dollars worth of money orders, dozens of electronic devices, and a lot of cash. The number of victims of Kazeem’s elaborate operation is estimated to be around 260,000.
Kazeem’s younger brother was the one doing the heavy lifting, so to say. He used all the stolen IDs they got to obtain PINs to bypass the IRS authentication system.
All in all, they attempted to get more than $90 million in refunds and ended up obtaining almost $12 million, $2 million of which was sent to Nigeria.
The Greedy Businessman
Jose Manlapaz was convicted for conspiracy, preparing fraudulent returns, and for mail and wire fraud.
He owned a prep business, and during a total of ten years, he kept on preparing thousands of false returns for his clients, even though he knew that they would cause many of them to get audited. He also set up a document mill in the Philippines to create fake tax forms and receipts to avoid detection.
Some of these cases are quite unbelievable, but they all end up badly for the people trying to avoid paying taxes or steal from the IRS. If you want to avoid problems with the IRS and learn a lot of vital information about taxes, contact Golden Tax Relief now!