Hiding Money from Uncle Sam? Don’t! Every failed tax scheme started with folks who didn’t think they would get caught. And many of the people who end up in prison are pretty smart people. Doctors, lawyers, business executives and even billionaires. Each thought they had a foolproof idea. Many of those ideas involve tax avoidance […]
Ohio Bankruptcy Court: Creditors 1, Deadbeats 0
by Brian Mahany When creditors hear the word “bankruptcy,” most just throw up their hands, file a proof of claim and hope for the best. Aggressive creditors rights lawyers can sometimes still win on behalf of their clients, even in bankruptcy court. One of the more interesting frauds that got shot down comes from the […]
More Bad News For Investors In David Lerner Associates Apple REITS
The bad news continues for investors in the Apple family of Real Estate Investment Trusts (REITs) sold by David Lerner Associates. Apple announced that they will not increase the number of authorized redemptions. That means those David Lerner clients seeking redemption probably will be out of luck. That’s bad news for people who need their […]
Feds Bust Longest Running Ponzi Scheme
by Brian Mahany The biggest Ponzi scheme title belongs to Bernie Madoff. The most brazen? Several could legitimately claim that dishonor. Now comes the longest running. According to the SEC, that “honor” belong to Philip Barry. Barry was convicted in November of last year of securities and mail fraud. Last week he was sentenced in […]
Ponzi Schemes in Aisle 11 – Grocery Scam Earns 20 Years
by Brian Mahany Nevin Shapiro billed himself as one of the largest grocery wholesalers in the U.S. Nevin Shapiro is now spending the next 20 years in a federal prison. What what wrong? For one, Shapiro raised almost $1 billion from investors but never sold groceries. Shapiro was the former CEO and founder of Capitol […]
Ominous Storm Clouds Gather for Those with Unreported Overseas Accounts
[Post updated June 2019] I feel like a broken record lately about the current IRS offshore tax amnesty (called the Offshore Voluntary Disclosure Initiative). I keep writing about it because people keep calling with questions. Invariably, we are asked “will I get caught if I don’t report?” There is no easy answer to that. Surprisingly […]
FINRA Busts Brokerage Firm For Misleading the Elderly
by Brian Mahany David Lerner Associates, Inc is the latest stockbroker to come under scrutiny by the Financial Industry Regulatory Authority (FINRA). Regulators say the company targeted elderly and unsophisticated investors and improperly recommended investment in real estate investment trusts (REIT’s) shares without informing their customers of the difficulty in later cashing in these investments. Specifically, […]
Lose Your Securities License Due To Fraud? Don’t Worry, Sell Insurance
[Updated 2020] Unfortunately the financial services industry attracts fraudsters and scam artists like sh*t attracts flies. If you have money, rest assured there are plenty of criminals out there who want to take it from you. Thankfully, the securities industries does a fair job of policing its own. At least those who are registered with […]
Feds Target CPA’s, Lawyers – IRS Whistleblower Post
[Post updated March 2021] When this post was written ten years earlier, the Justice Department had just convicted the former chairman of prominent CPA firm BDO Seidman as well as two attorneys from Jenkens and Gilchrist. The three were convicted for for their role in a massive scheme to promote abusive tax shelters. The government […]
Prudential Loses Battle in Veterans Fraud Suit
A federal judge in Massachusetts refused to toss a lawsuit brought by veterans against Prudential. The veterans claimed that the insurance giant failed to timely pay lump sum death benefits. Prudential has a contract with the Veterans Administration to provide life insurance benefits to U.S. military veterans. Under the contract, Prudential is supposed to pay […]
- « Previous Page
- 1
- …
- 182
- 183
- 184
- 185
- 186
- …
- 191
- Next Page »