tax fraud

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Tax Clients Called Him the 'Magician.' Now, a Guilty Plea

DOJ says Rafael Alvarez cheated the IRS out of $145M

(Newser) - A DOJ press release identifies him by the nickname many of his clients knew him as: the "Magician," a tax preparer who could seemingly make their tax burdens vanish. But "there was no magic to what" Rafael Alvarez was doing. The 61-year-old on Tuesday pleaded guilty to...

Dem Senators Want Special Counsel for Clarence Thomas

Whitehouse, Wyden ask AG Garland to investigate Thomas' 'suspicious silence' over gifts

(Newser) - After a slew of jarring stories tying Clarence Thomas to multiple undisclosed gifts, loans, and other perks from ultra-wealthy friends, two Democratic senators are now trying to get to the bottom of it. The Hill reports that Sens. Sheldon Whitehouse of Rhode Island and Ron Wyden of Oregon have requested...

IRS Commish to Rich Tax Cheats: Pay Up

Danny Werfel says agency is taking new measures to make sure everyone pays their fair share

(Newser) - IRS Commissioner Danny Werfel has a message for high-wealth tax cheats who are shorting the government: Pay your fair share so "others aren't shouldering the burden of funding our government." Werfel, who hits the one-year mark at the helm of the IRS this month, said in a...

Shakira's Tax Fraud Case Is Over Before It Began

Colombian singer settles with Spanish prosecutors over tax evasion of alleged $16M

(Newser) - Shakira's tax fraud trial began Monday, and it lasted a whopping eight minutes before it came to a close. That's according to the AP , which reports that the Colombian pop star reached a deal with prosecutors in Barcelona, Spain, over what they'd alleged was a failure to...

It's Prison for Dad, Son Whose Lottery 'Luck' Was a Scam

Ali and Yousef Jaafar illegally cashed 14K tickets over 9 years

(Newser) - A father and son in Massachusetts will spend years in prison for a decade-long lottery scam that saw them claim $20 million in winnings from 14,000 tickets, illegally obtained from the true winners. Authorities are calling it "an elaborate tax fraud" that ensnared not only the father and...

Prosecutors Whip Out Surprise Document in Trump Org Trial

Paperwork signed by Trump shows he 'explicitly' sanctioned firm's tax fraud scheme, they argue

(Newser) - On Monday, jurors are set to begin deliberating in the Trump Organization's criminal trial , and they now have a new piece of evidence to mull over the weekend regarding Donald Trump himself. On Friday in New York State Supreme Court in Manhattan, prosecutors in the trial, which revolves around...

Prosecutors Want Shakira in Jail for 8 Years
Shakira Must
Stand Trial,
Faces Hefty
Sentence
UPDATED
Sep 27, 2022 7:41 AM CDT

Shakira Must Stand Trial, Faces Hefty Sentence

Prosecutors want to jail pop star for 8 years over tax-fraud allegations

(Newser) - Update: Pop star Shakira must stand trial in a tax-fraud case that could put her in prison for eight years. A Spanish court on Tuesday ordered the Colombian mega-star to go on trial over allegations of unpaid taxes, reports NDTV . No date has been set. The 45-year-old denies any wrongdoing...

Rabbi Injured in Attack Is Going to Prison

Yisroel Goldstein pleaded guilty to scamming the IRS with tax fraud schemes

(Newser) - "I stand here today, my head bowed in shame, remorse and disappointment over the crimes that I have committed to God and mankind," Rabbi Yisroel Goldstein told a hearing Tuesday, where he was sentenced to 14 months for his crimes against the Internal Revenue Service. The 60-year-old rabbi,...

Weisselberg's Perks Included Mercedes, Tip Money: Prosecutors
How Weisselberg's
Perks Added Up
Jul 5, 2021 11:40 AM CDT

How Weisselberg's Perks Added Up

Trump executive has pleaded not guilty in tax case

(Newser) - Many employers provide gym memberships or cellphones, or maybe even the use of a company car, as perks for its staff members. Some of the freebies are taxable, some aren't, CNBC reports. But the tax fraud case brought against Allen Weisselberg, the Trump Organization's chief financial officer, lists...

Billionaire Charged in $2B Tax Evasion Case

'We will not hesitate to prosecute the smartest guys in the room'

(Newser) - Federal prosecutors charged Texas billionaire Robert Brockman on Thursday with a $2 billion tax fraud scheme in what they say is the largest such case against an American. Department of Justice officials said at a news conference that Brockman, 79, hid capital gains income over 20 years through a web...

Guy Who Made $3.5K Got Tax Refund of $980K

For a brief time, at least

(Newser) - A 29-year-old Florida man who made $3,497 in 2016 managed to get a $980,000 tax refund. Ramon Christopher Blanchett submitted a self-prepared income tax return in 2017 along with two W-2 forms: One that was accurate, showing $1,399 in income and no federal income tax withholding, and...

'This Smells Like a Crime': NYT Probes How Trump Got Rich

Investigation finds alleged tax avoidance and fraud

(Newser) - President Trump, a self-made man? Not according to a New York Times report that he received at least $413 million in today's dollars from father Fred Trump's business empire, often by dodging taxes in the 1990s—and sometimes by committing flat-out fraud. Trump says his dad only lent...

Guilty Plea of 'Taxi King' Could Be Bad News for Cohen

Evgeny Freidman agrees to cooperate with investigators

(Newser) - The "Taxi King of New York" has made a plea deal that could be bad news for Michael Cohen. Evgeny Freidman, the longtime business partner of President Trump's lawyer, entered a guilty plea in a state tax fraud case Tuesday after making a deal to cooperate with investigators,...

DMX Learns His Fate in Tax Fraud Case

Rapper sentenced to year in prison

(Newser) - A judge heard a DMX rap song before adding his own lyrics to a court proceeding on Wednesday, ordering the rapper imprisoned for a year in a tax fraud case . Federal Judge Jed Rakoff took requests Wednesday, accommodating DMX's desire to hear his hit "Slippin'" before DMX...

Spanish Princess Won't Be a Spanish Prisoner

Princess Cristina was found not guilty in tax case, but her husband is going to prison

(Newser) - In a tax fraud case that captivated Spain, Princess Cristina was found not guilty Friday of being an accessory to fraud, but her husband was convicted and sentenced to more than six years in prison. A panel of judges ruled that Cristina, the 51-year-old sister of King Felipe VI, has...

Tax Refunds Delayed for Low-Income Families

IRS needs more time to guard against identity theft

(Newser) - The IRS is delaying tax refunds for more than 40 million low-income families this year as the agency steps up efforts to fight identity theft and fraud. The delays will affect families claiming the earned income tax credit and the additional child tax credit. These tax breaks are geared to...

Another Blow for Messi—This Time in Court

He's guilty of tax fraud but likely won't serve jail time

(Newser) - Another blow for Lionel Messi: The star soccer player was sentenced to 21 months in jail for tax fraud in a Barcelona court Wednesday, but don't expect that to keep him from the soccer field. Messi is unlikely to serve time behind bars since jail sentences under two...

Ex-Congressman Gets Jail, Scolding Over Tax Fraud

Judge tells Michael Grimm his 'moral compass' needs 'reorientation'

(Newser) - Michael Grimm, the former Republican New York congressman who once threatened to throw a reporter off a balcony , was sentenced today to eight months in prison for federal tax fraud, the Hill reports; prosecutors had sought between two and two-and-a-half years—slightly less than the three-year maximum. While Grimm asked...

Minnesota Isn't Taking Any More TurboTax Returns

'Potentially fraudulent activity' has been discovered

(Newser) - Minnesota residents who had hoped to file their 2014 tax returns from the comfort of their home offices using TurboTax will need to find another alternative. The state's Department of Revenue announced in a conference call last night that it's no longer accepting returns filed using Intuit's...

Top Cities Where IRS Expects Tax Cheats

Small-business owners among top targets: study

(Newser) - A study is shedding new light on just who should most fear a federal tax audit. Small-business owners—who often deal in cash—are eyed more warily than others, says the report by the National Taxpayer Advocate, an independent office within the IRS. And location matters. According to secret data...

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