File and Let Die

Categories: Featured, Tax News
File and Let Die

A fraudulent tax preparer orders a hit on two former clients to protect his tax scam

The glory age of tax gangsters like Al Capone is long gone. These days it’s very rare that tax-related crime involves anything more exciting than some fraudulent paperwork – which makes this story of a California tax preparer who ordered a hit on two of his former clients all the more extraordinary.

Tax preparer and former IRS agent Steven Martinez allegedly promised a hit man $100,000 to a hit former customers – including an 86 year old woman – who were set to testify against him on charges of fraud.

During his years as a tax preparer Martinez allegedlyRead more…

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Busted! Crooked IRS Agent Pushed Shady Mortgage Refinancings

Categories: Uncategorized
Busted! Crooked IRS Agent Pushed Shady Mortgage Refinancings

Let’s say you’ve got a steady job, a good income, people have to trust you (whether they like it or not), and you’re handling lots of other people’s money. What do you do? If you’re Mark Claybrooks, you start a sleazy scheme for defrauding people and taking bribes. Usually when you take bribes, you’ll get nailed by the government; they usually catch you by checking up on your taxes. Mark was safe from the IRS, for one simple reason — he worked there
.

According to one source, Claybrooks made $20,000 on the scheme — at least, that’s how much they caught him for. But the scheme lasted for several years, and those numbers are for just… Read more…

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Fast Cars, Mansions, Casinos — and a Tax Evasion Tale that Doesn’t Add Up

Categories: Featured
Fast Cars, Mansions, Casinos — and a Tax Evasion Tale that Doesn’t Add Up

Your typical leveraged buyout kingpin lives in a swanky Park Avenue apartment, or maybe a hollowed-out volcano in the South Pacific. But that doesn’t mean you can’t get some good old-fashioned tax dodging and company buying-out, right in the middle of Utah.

Husband and wife team Lester and Jeanette Mower liked the idea of trading companies for fun. The weird thing is that the confusing part is the legal part: they would create new businesses, merge them with existing public companies, and sell the stock. That meant a blizzard of paperwork, lots of legal fees, and transactions with dozens of banks and brokers. That’s the complicated part.

Next comes the simple part: once they sold their shares — they never… Read more…

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