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Tag: tax fraud

Jury May Decide Fate of Manafort This Week Before He Faces Another Trial

Paul Manafort

By Steve Neavling
Ticklethewire.com

A verdict in the bank and tax fraud case against Paul Manafort could come as early as this week, and a guilty verdict could has the potential of putting President Trump’s former campaign chairman in prison for the rest of his life.

Robert Mueller’s prosecutors are expected to wrap up their case today, depending on what the defense does, the case could go to the jury by midweek.

A lot is at stake in the first trial since Mueller was appointed in May 2017 to investigate Russia’s meddling in the election. A victory could restore faith in the investigation, while a defeat could give Trump more ammunition to claim the probe is part of a “witch hunt,” a far-fetched claim that nonetheless has gained traction among many Republicans.

Monday marks the 10th day in Alexandria, Va., federal court.

When the trial resumes Monday afternoon, prosecutes are expected to call to the stand James Brennan, an executive at the Federal Savings Bank.

What’s unclear is whether Manafort’s lawyers plan to call their own witnesses.

Whatever the case, not even an acquittal ends the legal troubles of Manafort, a longtime GOP operative accused of concealing millions of dollars he made from Russian-friendly Ukrainian officials by depositing the money into foreign bank accounts to avoid taxes.

A second Manafort trial is scheduled for mid-September in Washington D.C., a case that alleges Manafort laundered money and failed to register as a lobbyist while working for the Ukrainian government.

FBI Busts 15 in $8.7 Mil Midwest Unemployment Insurance Scam

Shoshanna Utchenik
ticklethewire.com

In general, the entrepreneurial spirit should be lauded. Unfortunately, in this case, it was purely criminal.

According to an FBI press release, 15 defendants allegedly registered 80 fake business names in Illinois, Indiana and Minnesota, then used these to file for unemployment insurance benefits to the tune of $8.7 Million. Defendants reportedly received unemployment debit cards for themselves, friends and family members, using false social security numbers and the sham businesses. A federal grand jury indicted the 15 defendants Tuesday in Illinois on 60 counts that include a range of tax, fraud and identity theft charges.

To read more click here.

Oye: Rabbi Off to Fed Prison for A Not So Kosher Tax Fraud Scheme

grand rabbi
By Allan Lengel
ticklethewire.com

Simply put, it wasn’t kosher — not even close.

Naftali Tzi Weisz, 61, the grand rabbi of Spinka, a religious Jewish orthodox group, was sentenced Monday in Los Angeles to two years in prison for orchestrating a tax-cheat scheme prosecutors called “an astonishingly complex and sinister enterprise.”

Authorities say the Brooklyn rabbi and his assistant Gabbai Moshe E. Zingerman, 62,  solicited millions of dollars in donations and then refunded up to 95 percent of the money, the U.S. Attorney’s Office said.

Donors were then able to claim tax deductions for the entire amount while only actually donating five percent of the money, the U.S. Attorney’s Office said. The assistant also received a two year sentence.

To date, authorities said, seven people have been sentenced in the case and the investigation is ongoing.