Fraud
A 41-year-old boatbuilder who created fake invoices and bank accounts to cheat the taxman has been sentenced to three and a half years in prison. Donald Ladell, the sole director of modular construction firm Built and Spaces Ltd and entertainment venue Spyderstudios, fraudulently claimed £278,150 of VAT repayments and
Fraud
The income tax department has conducted raids across 19 districts in southern Tamil Nadu, exposing a large-scale scam involving fabricated income tax returns. Preliminary findings reveal that several tax professionals and intermediaries helped thousands of taxpayers file fraudulent refund claims by inflating deductions under various sections of the income tax
Fraud
Victor Cruz, a 40-year-old tax return preparer from Bakersfield, has pleaded guilty to helping Miguel Martinez, a Mexican national in the United States illegally, submit fraudulent individual federal income tax returns that claimed $25 million in refunds. The scheme, led by Martinez from November 2019 through June 2023, involved filing
Fraud
Attorney General Matthew J. Platkin and the Division of Criminal Justice announced the indictment of William Hayden, a 58-year-old man from Branchville, New Jersey, for filing a fraudulent tax return claiming a veteran's exemption. Hayden allegedly filed a false tax return with the intent to evade taxes, resulting
Fraud
A Maryland man, Osakwe Ismael Osagbue, was sentenced to 90 months (seven years and six months) in prison for a scheme to defraud federal bankruptcy courts, announced W. Stephen Muldrow, United States Attorney for the District of Puerto Rico. The scheme, which spanned from 2022 to April 2024, involved Osagbue
Fraud
A 47-year-old New Jersey real estate investor and influencer, Cesar Humberto Pina, has been charged with a multi-million dollar Ponzi scheme, conspiring to launder drug proceeds, laundering money represented to be drug proceeds, and bribing a New Jersey politician. Pina, also known as "Flipping NJ," allegedly defrauded dozens
Fraud
A restaurant owner from Ahmedabad's Memnagar area has been defrauded of Rs 1.42 crore through a sophisticated cyber scam. The scammer, who posed as a member on a matrimony app, convinced the victim to invest in a USDT trading platform, promising high returns. The scammer allegedly used
Fraud
Pakistan's Finance Minister Muhammad Aurangzeb addressed concerns about the expanded enforcement powers granted to the Federal Board of Revenue (FBR) under recent reforms, stating they are intended to tackle sales tax fraud, not income tax issues. These powers include blocking high-value transactions, sealing unregistered business premises, and recovering
Fraud
In a bid to prevent counterfeits and strengthen consumer confidence, goods traceability has emerged as a critical aspect of Vietnam's digital economy. According to a report by the National Steering Committee 389, the country has seen significant progress in tackling counterfeits and trade fraud, with over 36,600
Fraud
A 69-year-old Seattle real estate owner, Steven T. Loo, has been convicted of six counts of tax evasion and six counts of making false tax returns. Loo was found guilty by a jury after a 7-hour deliberation, and is set to be sentenced by U.S. District Judge Lauren King
Fraud
The Income Tax Department has initiated a significant crackdown on fraudulent claims of deductions and exemptions in Income Tax Returns (ITRs), following the identification of organized patterns of false filings through advanced analytics and artificial intelligence tools. The probe targets sections like 80G, 80D, and 10(13A), often misused through
Fraud
The Income Tax (IT) Department has launched a large-scale verification operation targeting individuals and entities facilitating fraudulent claims of deductions and exemptions in Income Tax Returns (ITRs). Investigations have revealed organised rackets operated by ITR preparers and intermediaries, who have been filing returns claiming fictitious deductions and exemptions. These fraudulent
