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Posts tagged "criminal investigation"

TIGTA Releases Semi-Annual Report to Congress

The Treasury Inspector General for Tax Administration (TIGTA) has released its semi-annual report to Congress for the period October 1, 2016 through March 31, 2017. The reports summarizes data about the agency's notable audits, investigations, inspections, and evaluations to provide oversight to the IRS.

IRS-CI Recognized for Success in Narcotics Investigation through Bitcoins

The Internal Revenue Service Criminal Investigation (IRS-CI) team was recently recognized by the Financial Crimes Enforcement Network (FinCEN) at its third annual Law Enforcement Awards ceremony on May 9, 2017, for the IRS-CI's cyber security work investigating the sale of narcotics on the dark web. Certain targets were identified by the financial information involved in these illegal sales, despite their efforts to conceal the proceeds using Bitcoins and Bitcoin laundering.

Nearly $8.8 Million IRS Phone Scam Leads to 8 Arrests

On April 25, 2017, eight suspects were arrested in Miami, Florida, by agents of the Treasury Inspector General for Tax Administration (TIGTA) and the Social Security Administration Office of the Inspector General (SSAOIG) for conspiracy to commit wire fraud. The indictments against these individuals include charges for involvement in schemes to impersonate IRS agents in order to obtain money from victims by falsely representing that the victims owed back taxes or other fees. The suspects allegedly defrauded over 7,000 victims out of almost $8.8 million.

Watch Your Offshore Assets! Tax Court Increases Incentive for Whistleblowers

Be careful who you share your offshore account information with---whistleblowing just got more lucrative.  On August 3, 2016, the US Tax Court issued an opinion in a whistleblower claim case finding that the whistleblowers were entitled to an award based upon a percentage of $74,131,694 in tax restitution, a criminal fine, and civil forfeitures paid to the government. 147 T.C. No. 4. The targeted taxpayer pleaded guilty to conspiring to defraud the IRS and was ordered to pay $20,000,001 in tax restitution, a $22,050,000 criminal fine, and $15,821,000 civil forfeiture.

Recent Identity Theft Prosecutions Result in 774 Sentencings

The Internal Revenue Service has been cracking down on refund fraud and identity theft through the Security Summit initiative and its Criminal Investigation (CI) work. In fiscal year 2015, CI initiated 776 identity theft investigations, which led to 774 sentencings. Individuals found guilty of this type of crime face significant jail time. The average sentence in FY 2015 was 38 months, while the longest sentence was for more than 27 years.

IRS Criminal Investigation Report reflects IRS focus on identity theft, money laundering, public corruption, cybercrime, and terrorist financing

Today the IRS announced the release of the Criminal Investigation 2015 Annual Report. The report covers current investigative priorities, statistics on investigations and prosecutions, staffing decreases, summaries of high profile prosecutions, and a variety of other topics related to criminal tax programs.

Prosecution of Criminal Employment Tax Crimes is on the Rise

According to IRS data, in fiscal year 2014, 120 employment tax cases were opened for tax evasion investigation. Of those, 92 were recommended for prosecution and 82 received federal sentences. These numbers are set to increase, not only in federal cases, but in California cases as well. Caroline Ciraolo, Acting Assistant Attorney General for the Department of Justice Tax Division, has indicated that increasing criminal enforcement for employment tax crimes is a priority of the DOJ Tax Division. The maximum sentence for the willful failure to meet payroll filing and payment obligations is 5 years with penalties as high as $200,000.

Pennsylvania Man Sentenced to Over Fourteen Years in IRS Telephone Scam

Last week, Preet Bharara, the United States Attorney for the Southern District of New York, Diego Rodriguez, Assistant Director in Charge New York Field Office of the Federal Bureau of Investigation ("FBI"), and Timothy P. Camus, Deputy Inspector General for Investigations of the United States Treasury Inspector General for Tax Administration ("TIGTA"), announced that SAHIL PATEL was sentenced to 175 months in prison and $1 million in forfeiture for his role in organizing the U.S. side of a massive fraud and extortion ring run through various "call centers" located in India. PATEL and his coconspirators impersonated American law enforcement officials and threatened victims with arrest and financial penalties unless those victims made payments to avoid purported charges.

IRS Boosts Conviction Rate

On April 7, 2015, the IRS announced the release of its "IRS Criminal Investigation Annual Report,"documenting the significant accomplishments and enforcement actions taken during fiscal year 2014. For that year, the IRS Criminal Investigation ("CI") focused on international tax fraud, return preparer and questionable refund fraud, identity theft, public corruptions, bank secrecy act violations, money laundering, and terrorist financing. CI initiated 4,297 cases in the 2014 fiscal year.

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